How much a year would I have to start saving at 35 to be financially secure when I am in retirement (70)?
Answers | 3
Define 'financially secure?" What is your number? Meaning how much do you need to enjoy your lifestyle until? I can easily help you with this. Send me a message and no obligation.
Here are some scenarios for a 35 yr old retiring at 70 (35 yrs)
A $100K portfolio will double six times to become $1.6M Using @12% CAGR
A 100K portfolio will double two and a half times to become $600K using a market CAGR
It's not what you make, It's what you keep that determines your lifestyle.
Correction, a $100k portfolio that doubles 6 times using a 12% CAGR results in $6.4Million. My answer was too conservative. Just give some back if this is too much for you.