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Slow and Steady Saving Still Pays
Old 01-02-2011, 07:44 AM   #1
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Slow and Steady Saving Still Pays

Just some encouragement for you young dreamers.

The path toward having enough money to enjoy a comfortable retirement is a long one. And as the recent decade in the U.S. stock market shows, it's one where patience pays off.

Slow and Steady Saving Still Pays -

And if I claim to be a wise man, it surely means that I don't know.
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Old 01-02-2011, 08:57 AM   #2
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Yes, indeed.
I contributed 5%, then 10%, then 11-15% in 1% increments per year, then as much as 20% of my salary for the final 2 years, all during the time period 1988-2007. My salary grew from $29K in 1988 to almost $80K in 2007.
My "match" from my employer was always 5%.
I consistently invested it at 60/40 AA using low cost funds avaiable through the federal TSP 401(k) plan.
I won't tell you what the final dollar figure was , but it was enough to accelerate the timing so that I was able to FIRE with at age 48 instead of taking the early out at age 50.

"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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Old 01-02-2011, 10:09 AM   #3
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Nice chart. For those nearing retirement it'd be interesting to see one that started in 1980 and followed a 30-year scale.

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Old 01-02-2011, 10:27 AM   #4
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Oh, re-read the article more carefully. Lots of employer matching going on.
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Old 01-02-2011, 11:05 AM   #5
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Originally Posted by Onward View Post
Just some encouragement for you young dreamers.
I agree with the concept. The question above all our heads is inflation. When you take into account taxes I do not know any way to preserve your capital's buying power.

I would change Nords' starting time from 80's to 1970 and look at the results at a tax and inflation adjusted basis.
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
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