Originally posted by Wynd Nottt: The money has to come from somewhere. As far as saving 10 or 20$ per week for retirement I agree it is a noble effort, but unless you have 150 years or so to save, it won't help to much.. Pay off credit cards instead
Somewhat true, I am assuming no credit card debt. Putting away that money given the income described will make him a millionaire assuming a 10% (simple index fund) return given his age in time for retirement. I also assume his income will increase with time. Much better than sitting around and whining like some other posters.
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