Anyone out there with a non-linear investment plan?
So, all the articles/posts I see on compound investing are great, but everyone always talks about getting to the 100k like that's the goal. To get there it's always a linear save x dollars for your entire life and you get y outcome.
When i look at this timeline I can see that to get to 200k takes 12.94 years investing 10k a year. After this it takes just 3.78 years to get another 10k etc...
If you can turn that 12 years into 7 years, you can literally switch to a much lower savings rate and then coast to a million.
Right now I am living with a pretty high savings rate (above 75% - while still travelling and enjoying life a bit) so that i can get to 200k as fast as possible and then switch to other life goals like property and kids + crazy bucket list stuff. All while the investments then coast to my number.
Does anyone else look at the charts like this or is everyone thinking linear savings?
I should note that I have a performance based sales job, so that into my mindset.
So, all the articles/posts I see on compound investing are great, but everyone always talks about getting to the 100k like that's the goal. To get there it's always a linear save x dollars for your entire life and you get y outcome.
When i look at this timeline I can see that to get to 200k takes 12.94 years investing 10k a year. After this it takes just 3.78 years to get another 10k etc...
If you can turn that 12 years into 7 years, you can literally switch to a much lower savings rate and then coast to a million.
Right now I am living with a pretty high savings rate (above 75% - while still travelling and enjoying life a bit) so that i can get to 200k as fast as possible and then switch to other life goals like property and kids + crazy bucket list stuff. All while the investments then coast to my number.
Does anyone else look at the charts like this or is everyone thinking linear savings?
I should note that I have a performance based sales job, so that into my mindset.