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Investing/Strategies / Retirement Investing
|Subject: Re: Secrets of the 0.2%||Date: 1/23/2012 9:39 AM|
|Author: Hawkwin||Number: 69973 of 76418|
* At 5% return, an individual would have $763,036
* At 6% return, an individual would have $883,071
* At 7% return, an individual would have $1,027,361
A professional couple with good salaries, only 1-2 kids, and no divorce or significant illnesses or layoffs could theoretically do pretty well. But for perspective, the absolute top salary paid in our school district (PhD or Master's+36 and 14 years of experience) is just shy of $58K/year (effectively 10 months). Starting salary is $30K. You can't max out your contributions on that kind of income.
But by comparison, you likely still get a substatial pension.
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