Starting with the Average US Household income of $55k / year: * defer 15% of all income into a retirement account * invest at 7% rate of return * spend the rest After 40 years this results in over $2M in net worth. It takes about 30 years to get the first $1M, and the second $1M comes in the last 10 (thanks to asset appreciation and the power of compound interest). Expenses: Spend What Is Left After Taxes / Deferral 37400 Income: Average US Income with 15% deferral to retirement 55000

Dec. 31, 2018, 9:06 p.m.

Feb. 16, 2018, 5:35 p.m.