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For everyone? Do you really believe that?
If you max out your ROTH IRA every year until retirement that is possible (for the US). Yes, I believe one can easily save and invest in index funds. Based on compound interest with a return rate of 3-7% one could expect 450,000-1.05 mil after 35 years of working. That’s 583$ post tax dollars a month.
Post kids it’s been more difficult but I even picked up an extra job to make sure I can max out my retirement investments.
For everyone? Absolutely not. It is obtainable though. Even half of that per month would result in similarly good returns. The problem is investment education. Reminds me of my local communist reading group who to my surprise didn’t know anything about investing even though capital is like their whole thing.
Max contributions to a ROTH IRA is $7,000. Most people don't have an extra $7,000 lying around. If you do, chances are you're already in the top 10%.
I would still say that’s not true… I probably make half as much as you but I just try to be extremely frugal… just saying it’s doable
I do make maximum contributions, but I also have two kids with college funds and a mortgage that I'm paying down. We're comfortable, and I consider myself extremely fortunate for the life I've built for myself.
Unfortunately, it took me a while to pay off college debts, and then the 2008 crash wiped out a lot of our savings. I don't expect to ever have enough saved to actually retire.