http://cashoutlife.com/save-one-million-dollars/ Cashing out for a simpler life Wed, 17 Feb 2010 19:52:41 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://cashoutlife.com/save-one-million-dollars/comment-page-1/#comment-164 Stanley Fri, 16 Oct 2009 15:51:55 +0000 http://cashoutlife.com/?p=64#comment-164 Interesting to see how compound interest really kicks in. My goal is to get about $100,000 in a retirement account by the time I'm 30, then just let it compound. It (theoretically) comes out to about $1 million at 65, depending on your return assumptions. I will probably add some additional funds over those 35 years anyway, but I figure it will be a good base to work from even if I somehow don't contribute during the rest of my life. Interesting to see how compound interest really kicks in. My goal is to get about $100,000 in a retirement account by the time I’m 30, then just let it compound. It (theoretically) comes out to about $1 million at 65, depending on your return assumptions. I will probably add some additional funds over those 35 years anyway, but I figure it will be a good base to work from even if I somehow don’t contribute during the rest of my life.

]]> http://cashoutlife.com/save-one-million-dollars/comment-page-1/#comment-115 Best Personal Financial Planning and Personal Investment Articles | Personal Investment Management and Financial Planning Blog Directory Fri, 25 Sep 2009 21:15:44 +0000 http://cashoutlife.com/?p=64#comment-115 [...] Grand presents How To Save One Million Dollars posted at Cash Out Life, saying, “Ever wonder what it takes to save one million dollars? A [...] [...] Grand presents How To Save One Million Dollars posted at Cash Out Life, saying, “Ever wonder what it takes to save one million dollars? A [...]

]]> http://cashoutlife.com/save-one-million-dollars/comment-page-1/#comment-38 frugalgrad Sun, 23 Aug 2009 19:07:21 +0000 http://cashoutlife.com/?p=64#comment-38 I'm 23 right now so that means I have to crank out about 309$ a month to have 1 million by the time I'm 65 (a bit depressing to think about it really, think about retirement when I don't even graduate yet). Nevertheless, those who wait to the last minute are fools right. The only way a person in my situation to save about 300$ I will have to share a room instead of renting an apartment which cost about 800$ per month. I mean, huh, this could work. I’m 23 right now so that means I have to crank out about 309$ a month to have 1 million by the time I’m 65 (a bit depressing to think about it really, think about retirement when I don’t even graduate yet). Nevertheless, those who wait to the last minute are fools right. The only way a person in my situation to save about 300$ I will have to share a room instead of renting an apartment which cost about 800$ per month. I mean, huh, this could work.

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