Originally Posted by
Deez340
Adjusted for todays dollars and assuming an average of 4% inflation of the next 35 years the numbers are 1.15 mil with retirement income of 80k-100k per year. again that's today's dollars and only 500 per month. You should be able to do much more than that with matching funds and proper budgeting. your example of your parents house is an isolated case of inflation/appreciation in one of the most expensive real estate markets in the world.
PS
start at 23 and it's 7.5 mil (2.1 in today's dollars) so start early and pay yourself instead of GMAC.
Take all the expenses one incurs while originating a flying career (college, flight training, interest, lost wages; my guess 150K) and consider instead of putting all that money at 18 into a mutual fund or money market account and see what it grows to by 65. Who needs to save anything if you could skip the entire profession and work as a plumbers apprentice.
It isn't that easy to save anything if you have the burden of college loans and low wages. Your premise works if you have a nice and safe office job or could get hired by UPS at 26.
SkyHigh