How feasible would it be to retire on just maxed out Roth IRA contributions each year?
Obviously this depends very much on how old you are when you start, and your living expenses when you retire. But what would be an expected income solely from a Roth for someone who retires @ ~65 while contributing/maxing a Roth starting in their 20's?
Some assumptions such as a typical rate or return need to be made. Also hard to estimate what the max contribution limits will be in the future. I believe this question would make what the person earned throughout their life irrelevant as long as they didn't exceed the income limit.
I could probably calculate something close for this out on my own, but there may be more to this than just compounding interest (Social Security, taxes, inflation, limit changes). Some of this may be speculative (isn't all retirement?), but I think a close number can be achieved given what is known.
I am curious if this would possible to live on in many places.