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Investing 100% of your post-tax income for 20 years is easy? (Which would get you to three million by the way)
by et2o 9y ago
Investing 100% of your post-tax income for 20 years is easy?
(Which would get you to three million by the way)
- TheAdamAndChe 9y agoI'm saying there are plenty of people making $200k post-tax. Also, 7% annual returns combined with an additional $150k/yr would lead to having $6.5 million like I said.
- dionidium 9y agoFewer than 5% of U.S. households [0] (or about 1.5% of working-age people [1]) bring in $200k per year. This is a big country, so I guess that's still "plenty of people," but it's not ordinary. [0] https://statisticalatlas.com/United-States/Household-Income https://statisticalatlas.com/United-States/Household-Income [1] https://www.quora.com/How-many-people-earn-200-000+-per-year-in-the-USA https://www.quora.com/How-many-people-earn-200-000+-per-year...
- ak217 9y agoTo make $200K post-tax, you need to make at least $260K pre-tax. In the US, that puts you almost exactly at the boundary of the 1%. I suppose this is a matter of your definition of "plenty of people".
- TheAdamAndChe 9y ago1% of 300 million is still 3 million people. That's a lot of people making a lot of money.
- clort 9y agoThere will be well over a million of the 1%ers by my reckoning (google says 122 million taxpayers), which is plenty by some reckoning..