LogFAQs > #914150197

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Topic	Analysts are saying you literally need 1.5-2 million in savings to retire
REMercsChamp 12/15/18 12:03:33 AM #50:	CornBarn posted... REMercsChamp posted... LyraTheUnicorn posted... REMercsChamp posted... This is at age 65 How the fuck do people do it Save $200 a month until retirement age? Honestly it's really fucking simple. So 200/month * 12 months/yr * 40 working years = $96,000 You save that money into interest-bearing accounts that turn into considerably more than $96,000. Are you trolling or really just this ignorant of how life works? "Interest bearing accounts" where I live are 1% for the premium ones. You need to take risk to see the kinds of interest or gains you're talking about. Considerable risk. So there's no guarantee you'll actually get that 10% yearly return and may end up losing considerable amounts of money. --- Come check out my community board for NEET discussions: https://gamefaqs.gamespot.com/boards/1467-neet-discussions <cite>REMercsChamp posted [p:914150197] in Analysts a... [t:77301726]...</cite> <quote><cite>CornBarn posted...</cite> <quote><cite>REMercsChamp posted...</cite> <quote><cite>LyraTheUnicorn posted...</cite> <quote><cite>REMercsChamp posted...</cite> <quote>This is at age 65 How the fuck do people do it</quote> Save $200 a month until retirement age? Honestly it's really fucking simple.</quote> So 200/month * 12 months/yr * 40 working years = $96,000</quote> You save that money into interest-bearing accounts that turn into considerably more than $96,000. Are you trolling or really just this ignorant of how life works?</quote> "Interest bearing accounts" where I live are 1% for the premium ones. You need to take risk to see the kinds of interest or gains you're talking about. Considerable risk. So there's no guarantee you'll actually get that 10% yearly return and may end up losing considerable amounts of money. --- Come check out my community board for NEET discussions: https://gamefaqs.gamespot.com/boards/1467-neet-discussions</quote> ... Copied to Clipboard!
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