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.
"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"
