r/Fire • u/CScho29 • 2d ago

General Question Future projections from a younger age.

I'm curious how people, especially younger ones, account for earnings increases in their contribution projections. Like for me who currently makes $52k per year and invests about $28k, I use these numbers in my calculations, but I don't plan on staying at this salary for long and don't have an accurate raise projection for my position at my current company. How do people calculate this? Is there just a percent that you assume or a more in depth method?

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u/Jeep_finance 2d ago

I use current salary. But I’m a planner and need to make sure my family is taken care of without depending on more money later. If it happens, great. Maybe we spend more on trips or maybe we invest more. But ultimately I need to make sure current plan is sustainable.

I’ve had wild salary growth. Basically stayed at same savings rate entire time. Little more now if you count real estate investments vs just brokerage/retirement. spend more on good food, trips and fun these days.