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Hello,
I have been almost 3 years into my 1st professional job and I’ve calculated my total savings including retirement accounts is just around $100,000, roughly half between savings and half between retirement. Does this sound like I’m on the right track? Assuming my income was static/only followed inflation, linearly I would need to continue working another 60 years to save up about $2 million in combined savings / retirement accounts (assuming $33,333 a year saved total). That takes me far past the high end of retirement, far older than 67. Does interest from capital gains and dividends really make up for that, otherwise I don’t see how even late retirement is possible.
I didn’t find the right solution from the internet.
References:
https://www.savingadvice.com/forums/personal-finance/86705-good-amount-saved-money.html
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