Comments on: The Minimum Savings Rate Needed to Reach F.I. Over the Last 30 Years https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/ Sharing insights on how to grow wealth and gain freedom. Thu, 13 Jul 2017 11:18:37 +0000 hourly 1 https://wordpress.org/?v=6.6.1 By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-917 Thu, 13 Jul 2017 11:18:37 +0000 https://fourpillarfreedom.com/?p=15185#comment-917 In reply to SMM.

Thanks, SMM! Just goes to show that a high savings rate is far more important than investment returns in the short run.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-912 Thu, 13 Jul 2017 11:10:08 +0000 https://fourpillarfreedom.com/?p=15185#comment-912 In reply to John.

I used actual data mainly because I was curious if the assumptions used by retirement calculators were accurate according to historical data, and unsurprisingly they’re pretty accurate over long stretches of time. It’s also interesting to see how a high savings rate is the cure for a late start to the investing game. Thanks for the comment, John 🙂

]]> By: SMM https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-911 Wed, 12 Jul 2017 16:24:27 +0000 https://fourpillarfreedom.com/?p=15185#comment-911 Wow only 10 years to reach FI that’s amazing. Putting in the effort here and now can create a lifetime of freedom to do what you want. It’s really true in order to gain something, you need to be willing to lose something too. Nice!

]]> By: John https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-906 Wed, 12 Jul 2017 11:28:57 +0000 https://fourpillarfreedom.com/?p=15185#comment-906 Thanks for sharing Zach! I really appreciate that you used actual data on returns instead of just putting an assumed rate of return into the calculator.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-905 Wed, 12 Jul 2017 11:01:38 +0000 https://fourpillarfreedom.com/?p=15185#comment-905 In reply to Church.

I think visualizations can sometimes convey a message better than words can – I’m glad you liked the charts! And you’re right, most people simply don’t prioritize saving, but for those of us who do the benefits are incredible. Saving money = gaining freedom.

Thanks for the feedback 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-904 Wed, 12 Jul 2017 10:59:39 +0000 https://fourpillarfreedom.com/?p=15185#comment-904 In reply to Amber tree.

Indeed – it’s reassuring that no matter how old you are, the best day to get started saving and investing is today. It can make a huge difference in only a decade.

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-903 Wed, 12 Jul 2017 10:58:44 +0000 https://fourpillarfreedom.com/?p=15185#comment-903 In reply to Making Your Money Matter.

That’s right! If your savings rate is high enough, you’ll reach F.I. so quickly that your investment returns won’t matter nearly as much as you might think. Thanks for the comment 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-902 Wed, 12 Jul 2017 10:57:17 +0000 https://fourpillarfreedom.com/?p=15185#comment-902 In reply to Mrs. Adventure Rich.

Thanks, Mrs. Adventure Rich 🙂

]]> By: Zach @ Four Pillar Freedom https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-901 Wed, 12 Jul 2017 10:56:37 +0000 https://fourpillarfreedom.com/?p=15185#comment-901 In reply to FIRE@55.

I know the feeling, there are several people I work with in their early 30’s who even say they “started too late” to begin to think about financial independence. I think it’s a problem of awareness. Some people just aren’t aware of the math behind savings rates and how a high savings rate = shorter mandatory working life.

]]> By: Church https://fourpillarfreedom.com/the-minimum-savings-rate-needed-to-reach-f-i-over-the-last-30-years/#comment-900 Tue, 11 Jul 2017 20:09:24 +0000 https://fourpillarfreedom.com/?p=15185#comment-900 The graphs and charts are like little crystal balls. Not sure why some people continue to ignore, today, what they could be building for the future when they can actually see it.

Thanks for sharing, Zach.

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