Lux Investing
How do you invest your money to receive 80% of your current income at retirement if you are 30 years old?
If you are 30 yrs old and just have a $15,000 emergency fund, how would you suggest a person invest thier money so that they can receive 80% of their $50,000/yr income by the time they turn 65 and expect to live 20 yrs after retirement?
Public Comments
- You would have to save up to around $40,000 and then invest all of that money in a interest bearing account of around 9% compounded Monthly to receive around $922,000 by age 65. Just my two cents. This would let you have around 40,000 dollars a year for 20 years.
