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Topic	9 out of 10 people will not have enough save for retirement
Shishiwakamaru 11/08/23 9:19:33 AM #52:	Plumeofdusk posted... I'm 30 and I've got like 22k in my 401k :v is that a good start? Use a calculator like this https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php The yearly interest rate is the most important thing. 7.5% would be an average yearly return that you want to strive for, with 5% being below average and 10% being above average. Use 35 years because its a 401k, and an initial investment of $22k obviously. Then just start plugging in different numbers and see what you get. --- Accroches-toi a ton reve <cite>Shishiwakamaru posted [p:977100699] in 9 out of 1... [t:80614234]...</cite> <quote>Plumeofdusk posted... </cite><quote>I'm 30 and I've got like 22k in my 401k :v is that a good start?</quote>Use a calculator like thishttps://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.phpThe yearly interest rate is the most important thing. 7.5% would be an average yearly return that you want to strive for, with 5% being below average and 10% being above average.Use 35 years because its a 401k, and an initial investment of $22k obviously. Then just start plugging in different numbers and see what you get. --- Accroches-toi a ton reve</quote> ... Copied to Clipboard!
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