Friday Jan 26, 2024

Retirement Planning Is Hard

Is retirement planning hard? Is it too complicated to do yourself? George G breaks down what’s required and how to put numbers behind your goals!

Here are the numbers George references:

So, if someone saves $15,000 a year for 30 years at an 8% rate of return, they would have approximately $1,621,159.30.

So, if someone saves $20,000 a year for 30 years at an 8% rate of return, they would have approximately $2,161,545.74.

So, if someone saves $25,000 a year for 30 years at an 8% rate of return, they would have approximately $2,701,816.85.

So, 8% of $1,621,159.30 is approximately $129,692.74.

So, 8% of $2,161,545.74 is approximately $172,923.66.

So, 8% of $2,701,816.85 is approximately $216,145.35.

So, if someone saves $15,000 a year for 30 years at an 8% rate of return, they would have approximately $1,621,159

So, if someone saves $15,000 a year for 25 years at an 8% rate of return, they would have approximately $1,399,967

So, if someone saves $15,000 a year for 20 years at an 8% rate of return, they would have approximately $1,057,443

So, if someone saves $15,000 a year for 15 years at an 8% rate of return, they would have approximately $622,065

So, if someone saves $15,000 a year for 10 years at an 8% rate of return, they would have approximately $217,277

8% of $1,621,159 is approximately $129,732.72

8% of $1,399,967 is approximately $111,997.36

8% of $1,057,443 is approximately $84,595.44

8% of $622,065 is approximately $49,765.20.

8% of $217,277 is approximately $17,382.16.

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