3 ms·
You're way undercounting the effects of growth. It's 342k/year saved at 8% growth: http://www.angio.net/finance/calc.html http://www.angio.net/finance/calc.html
by dgacmu 9y ago
You're way undercounting the effects of growth. It's 342k/year saved at 8% growth: http://www.angio.net/finance/calc.html http://www.angio.net/finance/calc.html
(See the one for regular contribution required for target).
8% before inflation is reasonable historically for 25 years.
You still need a 400k+ salary to do it, but that's not out of reach in the Bay area, particularly for a couple.
- bradlys 9y agoOver $600k yearly comp required still. Tax on $600k income puts you near $330k in California. https://smartasset.com/taxes/california-paycheck-calculator#M3GMj4iqfN https://smartasset.com/taxes/california-paycheck-calculator#...