<prompt> Human: Im in NYC making 75kyear. About 13 goes to taxes, 13 goes to rent, and the rest gets spilt between living expenses and savings. Using rough estimates, it seems like Ill be lucky to save maybe 10kyear. After ten years, Ill have maybe 100,000 saved. Thats enough for like 2 years of living expenses.So for the next 30 years that Im working, Ill have saved enough to retire for... 6 years? This obviously does not sound right. How is this supposed to work?  <response>: Two things. Your savings will be earning interest, and your earnings will rise to the point that you are able to save a larger portion of your take-home. You will also receive Social Security, so you can factor that in as well. 