Article: New Grads with Student Loans May Not Be Able to Retire Until Age 75

[arebelspy]

Title made it sound like complainypants about all the hardships on why they can't retire, but it was actually based on some math, and included the info on upping your savings to 15% and you can retire at 65.  20% can have you retiring early (at 62)--imagine if they kept going with that train of thought!  ;)

Article: http://www.nerdwallet.com/blog/investing/millennial-grad-retirement-age-is-75/

Hat tip to Lifehacker: http://lifehacker.com/new-grads-with-student-loans-might-not-be-able-to-retir-1738311696

[sirdoug007]

Throw away this stupid assumption and suddenly early retirement is possible. This was one of the greatest realizations I had when I first started learning about this stuff.

"The required amount to retire is assumed to be 80% of final working-year income, less Social Security income, for a life expectancy of 84."


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[MrStash2000]

If I expect to live to 84 I'll need 2-plus mil to retire at 64?

Doesn't sound Mustachian to me.