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Retirement Discussions / Retire Early CampFIRE
|Subject: Re: Only 27, but...||Date: 12/11/2004 5:38 PM|
|Author: intercst||Number: 205259 of 847027|
Could someone explain what badger was saying about the graduated savings rates - starting at 1% and then moving up? I'm sure he doesn't mean to earn returns of 10%, then 11%, etc.
That's just a fancy way of saying "save a larger percentage of your salary as you get older and earn more."
For example, save 10% of you salary when you're 25 years old, 15% at 30, 20% at 35, etc.
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