How long should I sawe?

Question

For what?

Answer 1

I don't have a clue what you are asking- good luck

Answer 2

You mean how many years you should save? It depends on your financial goals in life.

I would put it in simple terms. The ultimate goal which is desirable when you retire (stop earning) is to have sufficient money to live the rest of your life comfortably. You should decide how much money you will need to retire comfortably. Let us say you need US $ 36,000 per annum to live comfortably after you retire. Let us also assume that you will live for 30 years after you retire. So you will need approx. 30 x $ 36000 = 1,080,000 which is about 1 million dollars. So you need to save and invest your savings wisely to reach the 1 million dollar mark.

Now let us calculate how much you should save every year and the number of years you need to save to reach 1 million dollars.
We need to assume or target the following parameters to calculate the savings and time needed to save.

I assume 2 scenarios that you can find investment avenues which will compound your savings at 5% p.a and 10% p.a. Let us say that you save about $ 10,000 dollars per year.

At 5% returns you save for 36 years to reach $ 1,006,281
At 10% returns you save for 25 years to reach $ 1, 081,817

Hope this helps.

Answer 3

You should save all of your life at least 10% of your income and ideally 25%.

Answer 4

sawe till you get tired

Answer 5

save until you know you have enough to buy a house, cars, vacations, your children's college education and your retirement. once you meet that, stop saving and start spending

Answer 6

Until the log is in two pieces.