Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Retirement Investing

This Meal Will Cost You $200,000 by Retirement (Business Insider)

X
Your article was successfully shared with the contacts you provided.

Half of all American workers spend about $1,000 on coffee a year and 66% spend about $2,000 on lunch, according to a survey by the placement firm Accounting Principals. Broken down by month, $250 earning 5% would save $208,065 after 30 years. The same amount earning 10% would be $565,122. The Account Principals survey found workers ages 18 to 34 spend an average of $44.78 a week on lunch, $31.80 for workers 45 and up. A few tips to save money on lunch: Shop for discounted gift certificates online, keep an eye out for deals on restaurants, organize pot lucks with co-workers, and—of course—bring your lunch. Consider having the money you save each month automatically transferred to your savings or investment account.