How To Save $1 Million On A $50K Salary
If you are making $50,000 a year, the thought of racking up $1 million for retirement can seem daunting. Yet with a little dedication and a lot of time, you can get there. As a rule of thumb, most financial advisors suggest you save 10% to 15% of your annual salary. Personal finance website Nerdwallet crunched the numbers, and we can tell you exactly how much of your $50,000 you’ll need to tuck away to get there.
Just a few things to remember: these numbers assume you have no money in your retirement plan, that you will get a conservative 6% return on your investments and that you will retire at age 65. The math also does not account for potential pay increases, employer matches, inflation, or any curveballs life may throw at you. So plan accordingly.
Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
How To Save A Million Dollars On A $50,000 Salary
Видео How To Save $1 Million On A $50K Salary канала CNBC Make It
Just a few things to remember: these numbers assume you have no money in your retirement plan, that you will get a conservative 6% return on your investments and that you will retire at age 65. The math also does not account for potential pay increases, employer matches, inflation, or any curveballs life may throw at you. So plan accordingly.
Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: https://www.cnbc.com/make-it
Find CNBC Make It. on Facebook: https://cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: https://cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: https://bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
How To Save A Million Dollars On A $50,000 Salary
Видео How To Save $1 Million On A $50K Salary канала CNBC Make It
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
![@Kevin O'Leary Reacts: Living On $50K A Year In Brooklyn | Millennial Money](https://i.ytimg.com/vi/I31gTK5tYOY/default.jpg)
![How this millennial saved $1 million in five years and retired early](https://i.ytimg.com/vi/CySRVuVqAdo/default.jpg)
![How Working Remotely Will Change More Than Work](https://i.ytimg.com/vi/nE2NT_Wt46A/default.jpg)
![Why Olive Garden Is Struggling](https://i.ytimg.com/vi/B70UxjFK6XE/default.jpg)
![Why Cheap Cars Are Disappearing](https://i.ytimg.com/vi/f50TjnSyK7I/default.jpg)
![Living Together On $124K A Year In Portland, Oregon | Millennial Money](https://i.ytimg.com/vi/QKH_Q9niAYI/default.jpg)
![How To Become A Millionaire In ONE Year (My Plan)](https://i.ytimg.com/vi/IoOgnnX_p10/default.jpg)
![Living Together On $87K USD A Year In Toronto | Millennial Money](https://i.ytimg.com/vi/JehY3YaJdVE/default.jpg)
![Why You Spend So Much Money At Apple](https://i.ytimg.com/vi/uz2hH9M07K4/default.jpg)
![Millionaire Reacts: Living On $100K A Year In Fairfax, VA | Millennial Money](https://i.ytimg.com/vi/k-wpgdlGY1g/default.jpg)
![Millennial Millionaire: Here's How To Build Wealth Fast](https://i.ytimg.com/vi/ao-ek77jZmM/default.jpg)
![Millionaire Reacts: Living On $58K A Year In Dallas | Millennial Money](https://i.ytimg.com/vi/lAH45GmZHek/default.jpg)
![Living On $6 Million A Year In Ventura, CA | Millennial Millionaire](https://i.ytimg.com/vi/eHv_8HzfQOU/default.jpg)
![Living On $39K A Year In Oklahoma | Millennial Money](https://i.ytimg.com/vi/q0lZk13D1bM/default.jpg)
![How Much Money You Should Save (Amount by Age)](https://i.ytimg.com/vi/kmPmm2BTNuw/default.jpg)
![Living On $172K A Year In NYC | Millennial Money](https://i.ytimg.com/vi/g4hUgfvVDBU/default.jpg)
![My Family is Shaming Me for Not Giving Them Money](https://i.ytimg.com/vi/81wf00lACZA/default.jpg)
![Millionaire Reacts: How Much Money I Spend in a Week as a 25 Year Old Doctor | Ali Abdaal](https://i.ytimg.com/vi/j5Az2spHIww/default.jpg)
![Kevin O’Leary Reacts: Living On $1.6 Million A Year In Los Angeles | Millennial Money](https://i.ytimg.com/vi/_2ThNd8DBEI/default.jpg)
![Living On $227K A Year In London, England | Millennial Money](https://i.ytimg.com/vi/KrB9iSd38LA/default.jpg)