Re:Drug cocktail almost doubles lifespan of worms
by lalaithion on Monday October 29, 2018 @11:40AM
(#18328364)
If you save 15% of your (post-tax) income every year for 43 years, you can live off of market investment returns for essentially forever. Assuming you started working at 22, that's a retirement age of 65 with no government assistance.
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Re:Drug cocktail almost doubles lifespan of worms
by baccheion on Monday October 29, 2018 @11:45AM
(#18328416)
How did you arrive at this number? Based on my calculations, it will take 50 years of saving 20% of take-home into an inflation-offsetting account to be able to retire. It's assumed a house is purchased separately. If the fabled 8% YoY over and above inflation isn't available at retirement, the final amount lasts about ~20 years.
Re:Drug cocktail almost doubles lifespan of worms
by billmalarky on Monday October 29, 2018 @11:56AM
(#18328520)
Curious, are you using Mr. Money Mustache for that estimate?
It seemed on point for this post: http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...
If so you should probably update your comment to say "invest" instead of "save," which sounds nitpicky but the difference is huge.