"good" bank interest rates would be like 5% yearly
$100 a paycheck saved would add up roughly $2,600.00 a year.
after 40 years you could FINALLY hit your 100k base amount. (only slightly sooner thx to the awesome interest helping out) then we can start to see how we live off it...
wow. 5k a year profit.
well i am wrong. you CAN keep up with inflation. but you earned NOTHING.
and you certainly cannot live off that
another 40 years later, still not enough a year to live on.
a penny saved is a penny wasted
the fact is;
money helps you earn money.
if you are saving it, its not earning. and you are failing