The basic assumption generally being, anyone who can save two-thirds of each paycheque and invest in a portfolio yielding 4% per year after inflation can retire in 10 years. Saving two-thirds of each paycheque is of course difficult unless one is in a high pay grade to begin with, but there are enough people with the necessary discipline to keep the dream alive for many of us.
The basic assumption generally being, anyone who can save two-thirds of each paycheque and invest in a portfolio yielding 4% per year after inflation can retire in 10 years. Saving two-thirds of each paycheque is of course difficult unless one is in a high pay grade to begin with, but there are enough people with the necessary discipline to keep the dream alive for many of us.