But unfortunately, “better than average” is still pretty bad, since they are on track for having to work for 51 years.īut simply cutting cable TV and a few lattes would instantly boost their savings to 15%, allowing them to retire 8 years earlier!! Are cable TV and Starbucks worth having two income earners each work an extra eight years for? A middle-class family with a 50k take-home pay who saves 10% of their income ($5k) is actually better than average these days. It’s quite amazing, especially at the less Mustachian end of the spectrum. Here’s how many years you will have to work for a range of possible savings rates, starting from a net worth of zero: Just think of this assumption as a nice generous Safety Margin.
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