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More news about retirement....
I just read an interesting tidbit that if a 26 year old were to put $20,500 away for retirement in one year they would have $1 million for their retirement. That's the rule of thumb of how much you'll need to live for 20 years on $50k a year. I immediately thought how screwed I am.
There is hope, though. If I can put double that away in the next couple of years I will be able to get there by my retirement age. So, now the challenge. Can I do it? That's a lot of champagne I'll have to give up!
April 17 at 7:24 AM
