Someone starting to invest in their 30s with an $80,000 annual salary, saving 15-20% of their income, and achieving a 7% annual return on their S&P 500 portfolio, is projected to accumulate a $2 million balance by retirement.
"if you start investing in your 30s and let's pretend you make $80,000 per year if you can save 15 to 20% of your income annually you actually will be able to end up with a $2 million balance by the time you retire this also accounts for a 7% return rate with the S&P 500"
