Hammer's $2–$5M Boomer Savings Claim Stuns Rogan — Does the Math Hold Up?

Caleb Hammer told Joe Rogan that if Americans saved 5–10% of their wage and invested in the S&P 500 since 1990, boomers would be worth $2–$5 million today. Moneywise’s analysis shows that with end-of-year contributions, a 5% savings rate would yield roughly $550k and a 10% rate about $1.1M by 2025, far short of $2–$5M; reaching that level would require higher savings, higher earnings, a longer investing horizon, or more favorable market conditions. The piece also notes that blaming boomers ignores structural barriers and emphasizes that time and consistent investing—more than precise stock picks—drive long-term wealth.**