4 ms·
I dont have the article at hand, but obviously the goal is highest nominal savings, not highest nominal savings rate. The other part thats virtually impossible
by conanbatt 9y ago
I dont have the article at hand, but obviously the goal is highest nominal savings, not highest nominal savings rate.
The other part thats virtually impossible to account for is quality of life. Hard winters and big houses in Omaha vs Great weather and 1 bedroom with other people in SF, etc.
- froindt 9y agoIt's best to simply look at it relative to expenses. If you want to retire in HCOL, you could do it in the same amount of time as someone in LCOL if you save the same % of your income. If you want to move to LCOL, estimate the expenses there. I don't know of strict rule of percentage or nominal dollars that works except for using annual expenses as the measuring stick.