November 26, 2020

Don’t believe me? Let’s do the math.⁠ ⁠ Say your take-home pay is $50,000/yr.⁠ ⁠…


Don’t believe me? Let’s do the math.⁠

Say your take-home pay is $50,000/yr.⁠

This means that if you make live on $25,000 and invest $25,000, you will have around $672,201.34 in 15 years. (at a 7% return)⁠

Now you can withdraw your ‘safe withdrawal rate’ of 4% giving you $26,888.05 a year to retire on. ⁠

Remember, this is never official advice and I am not an expert. ⁠

Follow @spacecitymoney for more content on:⁠
Personal Finance⁠
Investing ⁠
& Business⁠

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