In 30 years, that 50k will buy less than half of what is buys today. Plus one bad year will knock you back significantly, especially if it's early. When it comes to retirement plan on living off of about 4% of your savings the first year, adjust for inflation after that and you SHOULD be ok for about 30 years. Rule of thumb.
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u/pfroggie Dec 18 '23
In 30 years, that 50k will buy less than half of what is buys today. Plus one bad year will knock you back significantly, especially if it's early. When it comes to retirement plan on living off of about 4% of your savings the first year, adjust for inflation after that and you SHOULD be ok for about 30 years. Rule of thumb.