$50 per week saved times 52 weeks in a year, over the course of 40 years would be $104,000 (excluding interest). If you could get a consistent 3% interest rate it would only take $25 per week to get to $100k over 40 years
I wouldn’t expect a 22 year old disabled person to be bumping up against the max, but if they’re able to save consistently until they’re 62 they certainly might.
$50 per week saved times 52 weeks in a year, over the course of 40 years would be $104,000 (excluding interest). If you could get a consistent 3% interest rate it would only take $25 per week to get to $100k over 40 years
I wouldn’t expect a 22 year old disabled person to be bumping up against the max, but if they’re able to save consistently until they’re 62 they certainly might.