It also works if you earn $100,000 and spend $20,000. - $100,000 - $60,000 (40% tax) - $40,000 ($20,000 spending) - $500,000 (10 years of savings at 4% inte

It also works if you earn $100,000 and spend $20,000. - $100,000 - $60,000 (40% tax) - $40,000 ($20,000 spending) - $500,000 (10 years of savings at 4% interest rate)