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TopicMore young Americans and Democrats support socialism than capitalism
FLUFFYGERM
08/14/18 2:05:36 PM
#49:


Sayoria posted...
This is because if you are under 30 years old, you are more than likely never going to see retirement.


If you invest $200 a month from ages 25 to 67 at 10% per year, you will end up with $1,550,794 at retirement age. $633,409 when adjusted for inflation.

This assumes you stash away just $200 a month for that long, and that you never get a raise, never get any match from any employer, and never make extra money from a side business. In other words, if someone is under 30 and is able-bodied and doesn't retire when they reach retirement age, it's because they were being a fucking loser.
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