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Drop Out of Your 401k
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<blockquote data-quote="brett636" data-source="post: 856402" data-attributes="member: 249"><p>Its all simple math really. Remember that compound growth is your friend. If I could save $1m for retirement(very doable if you save consistently enough) and invested it very conservatively at 5% upon retirement you would see $50k/yr in income from it. That already exceeds your pension and even my own. I can already project my 401k savings to be well into the 7 figures come retirement even under my old pay rate which was comparable to yours. The difference between me and you is you are focused on what other people have that you do not while I could care less and will work with what I do have.</p></blockquote><p></p>
[QUOTE="brett636, post: 856402, member: 249"] Its all simple math really. Remember that compound growth is your friend. If I could save $1m for retirement(very doable if you save consistently enough) and invested it very conservatively at 5% upon retirement you would see $50k/yr in income from it. That already exceeds your pension and even my own. I can already project my 401k savings to be well into the 7 figures come retirement even under my old pay rate which was comparable to yours. The difference between me and you is you are focused on what other people have that you do not while I could care less and will work with what I do have. [/QUOTE]
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