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I hope this is a back of the envelop calculation. . . . This has been a rough 15 years.

Indeed, it is a theoretical model. The Rule of 72 tells you that your invested funds should double every 7 years at 10% annual return, compounded.

Yes, in the last 15 years we have been through two major bubbles and stock market crashes. To make that average return, you need to have been smart enough to take your profits and move to the sidelines before the big crash or soon after the peak.

Still in the dot com era, gains of 30+% per year were possible in garden variety mutual funds. Those kind of gains can cover up lots of mediocre history. The trick is to figure out where that is going to happen next and make sure you participate.

Of course this is about retiring on investment income. Otherwise, you will depend on pension funds, Social Security, or other sources of funds, or you won't be able to retire.
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