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So someone with 50k/yr of expenses should be making 100k, 250k, and 500k respectively?
by whichdan 14y ago
So someone with 50k/yr of expenses should be making 100k, 250k, and 500k respectively?
- bherms 14y agoI think you have it backwards. If your salary is 50k, they suggest trying to save up 50k by the age of 30, 250k by the age of 40, and 500k by the age of 50. Keep in mind this isn't direct savings. Stock and other investments count.