[NittanyLion]

Yep. That formula seems to make more sense as people age, but it's terribly inaccurate for young folks. Example: a 25 year old earning 60K would need a net worth of $150K. Assuming this person graduated college at 22 with a net worth of $0, and earned $60K for three years, a net worth of $150K is simply impossible when taxes are considered.

[ambrose]

ha. had the same thought...

[Eaker]

This formula would still only work if they had saved 22k+ per year for 18 years and never had children or illness.

One cannot save 22k per year just by driving used cars and not having cable.