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Amazing how many people think $8M is enough to retire, or even that you'd want to. Go travel the world with the family for a while. Clear your head and have a g

Amazing how many people think $8M is enough to retire, or even that you'd want to. Go travel the world with the family for a while. Clear your head and have a good think about the future.

nfRfqX5n 8y ago
what kind of lifestyle you going for where 8M isn't enough?
refurb 8y ago
Are you arguing $8M is not enough to retire on?
ryanmercer 8y ago
>Amazing how many people think $8M Um. Come check out https://www.reddit.com/r/leanfire/ https://www.reddit.com/r/leanfire/ but make sure you are sitting down and don't have a heart condition.
- sfblah 8y ago
  My view is those people are banking on stock market performance that is influenced by a massive bubble still underway. I think in 3-5 years a bunch of them will regret this decision, as their net worths will have been cut in half or worse. I’m curious what you think about that.
  - ryanmercer 8y ago
    >I think in 3-5 years a bunch of them will regret this decision, as their net worths will have been cut in half or worse. I’m curious what you think about that. I think you're a panic seller. 3-5 years is nothing.
    - tardo99 8y ago
      Yes but if you've been happily spending 4%, which turns into 8% because the market is down 50%, do the math on that.
      - ryanmercer 8y ago
        The % is based on the original amount, inflation adjusted, and yes you absolutely should tighten your belt during down years. Your argument is given ad nauseam, there's article after article, reddit thread after reddit thread, blog after blog explaining why your concern is a non-issue.
nathan_f77 8y ago
$4M is enough to retire almost anywhere in the world. A conservative withdrawal rate of 3.5% gives you annual investment income of $140,000. Keep in mind that this income is not tied to a specific location, and you don't have to work for it. It's a huge amount of money anywhere outside NYC and SF. $8M would give you $280k / yr. That's a huge amount of money, and quality of life doesn't increase very much after that. Also you can be your own boss and work on your projects or hobbies. I think the "financial independence" part is more important than "retirement". Maybe you have a very different idea of "retirement" than me.

Amazing how many people think $8M is enough to retire, or even that you'd want to. Go travel the world with the family for a while. Clear your head and have a good think about the future.

nfRfqX5n 8y ago

what kind of lifestyle you going for where 8M isn't enough?

refurb 8y ago

Are you arguing $8M is not enough to retire on?

ryanmercer 8y ago

>Amazing how many people think $8M Um. Come check out https://www.reddit.com/r/leanfire/ https://www.reddit.com/r/leanfire/ but make sure you are sitting down and don't have a heart condition.

sfblah 8y ago
My view is those people are banking on stock market performance that is influenced by a massive bubble still underway. I think in 3-5 years a bunch of them will regret this decision, as their net worths will have been cut in half or worse. I’m curious what you think about that.
- ryanmercer 8y ago
  >I think in 3-5 years a bunch of them will regret this decision, as their net worths will have been cut in half or worse. I’m curious what you think about that. I think you're a panic seller. 3-5 years is nothing.
  - tardo99 8y ago
    Yes but if you've been happily spending 4%, which turns into 8% because the market is down 50%, do the math on that.
    - ryanmercer 8y ago
      The % is based on the original amount, inflation adjusted, and yes you absolutely should tighten your belt during down years. Your argument is given ad nauseam, there's article after article, reddit thread after reddit thread, blog after blog explaining why your concern is a non-issue.

nathan_f77 8y ago

$4M is enough to retire almost anywhere in the world. A conservative withdrawal rate of 3.5% gives you annual investment income of $140,000. Keep in mind that this income is not tied to a specific location, and you don't have to work for it. It's a huge amount of money anywhere outside NYC and SF. $8M would give you $280k / yr. That's a huge amount of money, and quality of life doesn't increase very much after that. Also you can be your own boss and work on your projects or hobbies. I think the "financial independence" part is more important than "retirement". Maybe you have a very different idea of "retirement" than me.