Quote:
Originally Posted by Fuzz
Saving 1.5 million by the time you are 50 means saving $60 000 a year for 25 years excluding any interest gains. How many people do you honestly think are putting that amount away, since they were 25? Alberta median family income is $97 390, so subtract living expenses, taxes etc, there is no way the median Albertan could do that. I'd be surprised if even 10% of the population puts $20 000 away a year. I'm not sure what circles you hang out in, but I can assure you, you are in the 1%.
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No kidding. I don't think I've been earned that in my lifetime much and I was pretty well paid. That said what I think is well paid and what others think is two different things. I don't know a single person that has that much saved. People are dreaming.