3 ms·
$1M at 30 without any further contributions will be worth (after inflation) nearly $4M at 50, and nearly $8M at 60. If you're not "comfortable" spending every
by pb7 5y ago
$1M at 30 without any further contributions will be worth (after inflation) nearly $4M at 50, and nearly $8M at 60.
If you're not "comfortable" spending every single penny you make while your nest egg grows, you have a spending problem.
- deleted 5y ago[deleted]
- bcrosby95 5y ago> that will last you the rest of your life by your 40s seems like a good trade-off. I read that to mean "retire at 40". If you retire at 40, your $1M isn't going to grow to $4M at 50.
- mgkimsal 5y agosure but if you keep spending moderate, it may grow to $2.5M-$3M, as it would probably already be around $2M in those 10 years. Instead of $8M at 60, perhaps you've spent along the way and only end up with $3M at 60?