Hacker News Reader

Work hasn't failed us. Consumerism has. Stop buying brands. Stop buying Starbucks. Stop eating out. Stop buying the newest phone. Don't buy a fancy Macbook if you don't have a use case for one. Stop buying too much car. Stop trading resources for lifestyle.

A 25 year old who only puts $300 into a reasonable retirement fund each month will have over $1M at retirement age.

View on HN

I'm mid 20s and am putting just over $1000 a month into retirement, split between a private and workplace pension. I intend to do this for as long as possible!

Disclaimer: I don't live or work in the U.S

What's a reasonable retirement fund to you? (asking out of ignorance, not sarcasm or anything)

Varies - how much will you spend in retirement and what do you expect for a return? You need to factor in inflation, since $1 today buys more today than it will when you retire.

https://www.nerdwallet.com/investing/retirement-calculator is a good calculator for this. (though I'm not a fan of its spending assumptions - if in retirement you have paid for houses and cars you definitely will be spending far less than today)

Reply on news.ycombinator.com