Ramit Sethi shows a client their retirement projection: $1.5 million saved could grow to $3.1 million by 65, providing $126,000 yearly. A more aggressive strategy pushes it to $4.7 million and $188,000 annually, far exceeding what the client expected.
Do you know how much you would have in retirement?
I think it was around like $1.5 million.
$1.5 million total?
Yes.
We calculate that you would have about $3.1 million when Mason turns 65. That's about $126,000 of safe withdrawal income that you could make per year.
It's a lot more comforting than I thought it would be.
The new strategy that we did where we cut some of your spending, got more aggressive on investments, that would yield you $4.7 million. And the safe withdrawal income is $188,000 a year more than you earn today.
Yeah. Yeah. It's a big difference from a few small changes.
