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@pastorgarymartin Oh you're right. I wasn't thinking and made my spreadsheet too fast, accidentally ~doubling the amount of money they'd need to save. Yes, $82k sounds right.

@xeonome If you're starting off with $154,000 (just counting 401ks and IRAs), assuming a 6% annual growth rate, and you want to grow to $3.5M in 20 years, you need to save about $140,000 $82,000 per year (edit: spreadsheet error). All of this is in constant 2023 dollars, and 6% is a typical...

@emma82 There would be no difference. However, the 7-day yield does not typically remain constant, especially as the Fed is changing interest rates.

@ioannes APY is the annual percent yield - if you left the money alone and reinvested the growth, APY is the total % growth you'd get over 1 year. 7-day SEC yield is the average APY that the fund has been getting over the past 7 days. Money market funds like VMFXX continually buy newly issued...