Quote:
Originally Posted by icedwards
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Alright.
$120,000 a year in income taxed at let's say 35% with a conservative $45,000 of expenses a year leaves $33,000 to be invested a year. Compounded at 5% annually, that's a NFA value at year 40 of $3.98 million.
Where are you pulling your numbers out of your ass?
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Each spouse contributes 1150/mo at 8%. He said index funds and the S&P returns almost 10%. Over 40 years you'll be closer to 10 than 5.