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100k invested a year at 8% return is $963k, essentially a millionaire and very wealthy in most of the world. Nothing fancy required just get standard stock mark

100k invested a year at 8% return is $963k, essentially a millionaire and very wealthy in most of the world. Nothing fancy required just get standard stock market returns. Even going slightly less aggressively, if you are self employed you can put ~52k a year into a an i401k pre-tax and then 6k into an IRA. So 58k a year makes you a millionaire after 11 years. Run it for 20 years and you have 2.8 million and can retire relatively young. Its not driving a Rolls Royce retirement but its comfortable and you got there through low stress and got to enjoy the journey.

mNovak 5y ago
>> self-employed >> you got there through low stress My experiences differ
spaetzleesser 5y ago
An 8% return is far from guaranteed over a 7 year interval. There are plenty of inertvals where you would be in the negative. A lot of people are forgetting that we have been riding a gigantic stock market bubble over the last 12 years. This won’t last.
- wonderwonder 5y ago
  Sure, but its done on average 9% the last 10 years and if you just invested in an S&p 500 etf you would have made a little over 13%. There are definitely down times but even if you started investing in January 2007 to ensure you caught the worst of the 2008 recession and just kept investing monthly for 7 years, your returns would be on average 12%. Of course all things end but historically and including now it works. Its a safer bet that you will get to a million in the stock market than putting your money in a bank where you are guaranteed to lose money each year with inflation. Serious question, what's the alternative for a safer investment and having a real retirement? Everything booms and busts and then booms again (mostly).
  - papito 5y ago
    The alternative is winning the birth lottery and sitting on so much real estate that the market doesn't really matter - it's just another source of more risky income.
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mNovak 5y ago

>> self-employed >> you got there through low stress My experiences differ

spaetzleesser 5y ago

An 8% return is far from guaranteed over a 7 year interval. There are plenty of inertvals where you would be in the negative. A lot of people are forgetting that we have been riding a gigantic stock market bubble over the last 12 years. This won’t last.

wonderwonder 5y ago
Sure, but its done on average 9% the last 10 years and if you just invested in an S&p 500 etf you would have made a little over 13%. There are definitely down times but even if you started investing in January 2007 to ensure you caught the worst of the 2008 recession and just kept investing monthly for 7 years, your returns would be on average 12%. Of course all things end but historically and including now it works. Its a safer bet that you will get to a million in the stock market than putting your money in a bank where you are guaranteed to lose money each year with inflation. Serious question, what's the alternative for a safer investment and having a real retirement? Everything booms and busts and then booms again (mostly).
- papito 5y ago
  The alternative is winning the birth lottery and sitting on so much real estate that the market doesn't really matter - it's just another source of more risky income.

deleted 5y ago

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