[stellar678]

It's very far off. You would either need seriously over-performing investments or some kind of exit.

I ran the numbers for a simple scenario, assuming a current $150k income:

- With a 5% yearly raise and a 7% investment return, you end up with ~$3.8M at 20 years.

- With a 5% yearly raise and a 20% investment return, you end up with ~$14.5M at 20 years.

That 5% yearly raise would have you earning almost $400k at the end of 20 years too - probably up for debate how likely that is.

[ryandrake]

What savings rate do you assume there? I agree the savings goal is very difficult even with ridiculously favorable assumptions! I’ve never heard of 5% yearly raises outside of the first 5-10 years of someone’s career. You’re lucky to get raises that approach inflation. And that 7% investment gain is average only if you have a very risky all-equities asset allocation the whole time you are saving. 20%? LOL.

I don’t think most people’s “retire early” savings plans/goals can survive initial contact with reality.