- #1
- 2,045
- 1,141
Hi everyone. I have a good friend of mine who lives near Toronto, Canada and has a great job ($90000 per year) in an area that he loves and feels passionate about. However, due to some unfortunate choices in years past, he is now 40 years old and has no savings whatsoever, nor does he own any significant property (he's currently renting a condo at around $1500 per month -- fortunately, he works from home so he saves money on commuting).
He is currently making the effort to save money to make up for this (probably around $2000 per month). My question to you on PF forums is this: do you think he will be able to save enough money to retire by age 65-70.
I appreciate any opinions or feedback that you may have.
He is currently making the effort to save money to make up for this (probably around $2000 per month). My question to you on PF forums is this: do you think he will be able to save enough money to retire by age 65-70.
I appreciate any opinions or feedback that you may have.
Last edited: