Quote:
Originally Posted by peter12
Which is not horrible. As I said, we humble folk save upwards of 20% of my income, and we do just fine.
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Indeed. Additionally, I suspect the majority of people make more than the number beside their age in the table, but save less. If you save 20%, you'll end up very well off no matter what the markets do. If you end up with good returns, you'd end up wealthy.
(My fictional family ends up at $3.3 MM at 66 if they save 20% and earn 8%, on below median wages the whole time) I think 20% would be very tough in Calgary at the $31k level, but I think trying to save something as early as possible is key.