alt Hacker NewsI know these are just spit-balled numbers but getting to $25M in 10 years even with $2M annual comp would require pretty risky investment I think. Assuming you spent $300K per year and paid US taxes you’d have about $900K left over. 7% average returns would mean you’d have about $13M saved after 10 years. Getting more than 7% on the whole portfolio is going to require significant risk.
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GMoromisato • yesterday at 7:53 PM
Fair enough--I didn't do the math. Looks like you'd hit $25M after 15 years or so. And I grant that 7% is aggressive.
Still, if you reach staff-level at 40 years old, you could have $25M at 55. That's pretty amazing. But that requires lots of luck. Most people never make it to staff-level. I never did.
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Hindsight is perfect in stock markets,but with 100k in initial investment in 2010 in VUG, and a 40k/mo recurring investment until now (little more than half the savings), it would be worth 33M+ now.
Obviously this means one has to be earning that much for 15+ years.