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TopicSo how does Retirement actually work?
CasualGuy
10/23/23 8:39:54 PM
#1:


Because I have no idea how people are supposed to amass 1mil+

I've been saving 14% of each paycheck for a few years and every retirement calculator I use says that If I keep doing this until I'm 65 I'll have very close to that

However

14% of my monthly until I'm 65 even figuring in an annual raise of 2% and interest, shouldn't be anywhere near that

Unless interest is just fucking wild on retirement accounts. What am I not understanding here?

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