Opher Ganel
Sep 30, 2024

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If you read The Millionaire Next Door, the authors have a measure of accumulation that's equal to your age multiplied by your pre-tax income divided by 10. For age 65, this would be 6.5 x pre-tax income.

They have a broad band around that, with under half your target being called out as a problem and more than double considered laudable.

Having said all that, especially for high-earners who have a low income-replacement ratio from Social Security, if you want a comfortable retirement you'll want 10x or better.

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Opher Ganel
Opher Ganel

Written by Opher Ganel

Consultant | systems engineer | physicist | writer | avid reader | amateur photographer. I write about personal finance from an often contrarian point of view.

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