[quote=no_such_reality][quote=AN][quote=no_such_reality]The facts will set us free.
Government retirees are the 1%.
People need the numbers shoved in their face. Those retirement benefits are like a private person having $3,000,000 in their 401K.[/quote]
You mean most of us don’t have $3M in our 401k by the time we’re 50-60?[/quote]
I don’t know why, it’s easy. You just have to put away $25,000 a year indexed to inflation, get a 7.5% compounded return for 30 years.[/quote]
7.5% is a piece of cake. Now, if you’re talking about 15%, then it might be a little unrealistic. But 7.5% is super easy peasy. As for $25k, that’s easy peasy too. If you’re making $75k/year, that’s only 1/3 of your gross income or probably ~40% of your net income. Who doesn’t put away ~40% of your net income to retirement? Those % are probably in the 70-75% range when you’re starting out.