ilmscore | Prediction Details
"Let's take someone who's the age of 25 making $50,000 a year so $40,000 a year after tax now assuming their salary stays fixed over their entire career so they never get a new job they never get a promotion they just do the same thing until they're 67 years old and ready for retirement but they invest 10% of their income consistently they're going to be able to have a balance of 1314 Million by the time that they're age 67 assuming an 8% return on their money"
By Humphrey Yang | July 15, 2024 | Pending
From video
How To Manage Your Money Like The Top 1% (The 60/30/10 Rule) 00:07:30 - 00:07:59
Interpreted Prediction
A 25-year-old individual, making $50,000 annually ($40,000 after tax) and consistently investing 10% of their income at an 8% annual return, will accumulate a balance of $1.314 million by age 67 for retirement.

Prediction Details

Topic
Personal Finance / Retirement Savings

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