Yup, there were a large number of downturns over the decades. The 90’s and the 00’s were squarely in the tail end of boomer retirement years and they ended up just fine.
The great depression bounced back and even if you invested at that time, over the long term you would have come out ahead of you just held onto a total market position.
Pull up any Dow Jones historical chart and you’ll see plenty of flat or short term dips, ones that held for several years, but in the end the line still went up faster than inflation.
Yup, there were a large number of downturns over the decades. The 90’s and the 00’s were squarely in the tail end of boomer retirement years and they ended up just fine.
The great depression bounced back and even if you invested at that time, over the long term you would have come out ahead of you just held onto a total market position.
Pull up any Dow Jones historical chart and you’ll see plenty of flat or short term dips, ones that held for several years, but in the end the line still went up faster than inflation.
https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart
Every generation had multiple periods where the market looked poor, but if you don’t prepare for the future, you guarantee a shitty retirement.
If you save and prepare for the future, you at least have a chance of being comfortable in your old age.