At age 45 one should be able to add $10k to their portfolio annually. Assuming a modest growth on the portfolio of 5% and div growth of 5%, in 20 yrs the portfolio should be around $725k and generating $60k income.
Of course that's straight line calculations which is not realistic, but one should be able to do better than the 5%. If one is serious and at your prime earning age you should increase the contribution and then easily exceed the $1 Mil.
Remember it's the income generation you should concentrate on not the growth of the pile.
Of course that's straight line calculations which is not realistic, but one should be able to do better than the 5%. If one is serious and at your prime earning age you should increase the contribution and then easily exceed the $1 Mil.
Remember it's the income generation you should concentrate on not the growth of the pile.