So imagine yourself as a vibrant young adult hanging out where ever it is cool young people hang out nowadays. Is Starbucks still in? Or is it Coffee Bean? Anyway, you get a call and it’s Dr. Evil on the other end. Yup, Dr. Evil. He says that he is holding your retirement hostage.

“How much?” you ask.

“ONE MEEELYON DOLLARS!!!!!”

Apparently, it costs that much to have a somewhat comfortable retirement for some people. Personally, I think I will need less than that based on my lifestyle (because ultimately this is what dictates the nest egg number) but then again I have never been mistaken for a cool young person. For some, this number will be slightly bigger but for the purpose of this discussion, a nice round figure of 1,000,000 dollars will work.

So how does one start to rescue retirement?

We have already discussed why it makes sense to start early and this is never more true than when it comes to retirement funds. By using this calculator we can figure out how much money we need to put away monthly/annually in order to reach that target of one million dollars in order to have a comfortable retirement. If you play around with the numbers, it is easy to see that in order to save your retirement a 25 year old would have to save significantly less money than someone who starts thinking about retirement at the age of 45. To get to the same goal of one million the average 45 year old would almost have to choose between retiring comfortably, buying a home or even paying for the college tuition(s) of their kids.

Cloning works

An actor who clones himself and plays multiple roles can make multiple streams of income. This is the other variable in the calculator equation. By making your money earn interest, you are effectively cloning yourself and creating another worker who brings in money and puts their paycheck into your account. How great is that? And there are other types of workers you can clone. There is the International Man of Mystery who loves China and its companies. There is Goldmember and his love of rising gold prices. And there are many others. Now with multiple workers working for you, the multiple streams of income will actually help you get to your one million dollar target faster.

Essentially, by having all these paychecks coming in every month on top of what you bring in, you can free your retirement from Dr. Evil a lot sooner. Maybe then you and your retirement can go hang out and go to the movies.

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