What might you earn over the rest of your lifetime?
Visualise all the money you’re still going to earn over the rest of your life. Close your eyes and picture it for a moment, a big pile of cash, like something Scrooge McDuck might go swimming in.
Can you see it?
Imagine picking up one or two of those pieces of paper. Each bit of cash is a piece of possibility. You could do anything with it.
Have you ever stopped to think about how big that pile might actually be?
Check the table above for an estimate, based on your age and your monthly income. It assumes you’ll never get a raise or a promotion, and that you’ll work until you’re 65 never missing a paycheque. All the numbers are in "today's" value.
Or if you want to get fancy, plug the specifics into this calculator:
Lifetime earnings
How much money might you earn over the rest of your working life?
We assume you work until 65, and that your salary increases 1% a year (above inflation). Edit the figures to match your own career expectations.
Holy shitballs, that’s a big number, right? How much of that money are you going to spend on the stuff that really matters to you?
There are more useful money calculators here.
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