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Originally Posted by Jer
It must be when he's 60, but his post sounds like he can start spending $900 now. And 11% interest for USA very optimistic.
Anyway that's a fat retirement plan if he is able to pay $15k per year for the next decades.
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Exactly. Totally useless info.
Lets all calc how much money weve got in 50 yrs 10% based. I mean have you ever checked how much interest bonds do over a period of 25+ yrs? Nowhere near 11%.
I remember the time not even 15 yrs ago when ppl got 150% financed on their morgage 100% based on shares. That was fun. They all lost their homes.
You cant calc like that, any advisor will tell you.