4 ms·
You need 8 figures to retire. $30k/year (poverty level) over 30 years is only $1M.
by madengr 7y ago
You need 8 figures to retire. $30k/year (poverty level) over 30 years is only $1M.
- aswanson 7y agoYou're assuming zero real interest investment growth over 30 years. I totally agree with stacking as much as humanly possible, but that's not a realistic assumption, unless we have worldwide zero economic growth for a third of a century.
- tempsy 7y agoNah. Need to factor in investment income. Plus modern retirement isn’t necessarily “never work a job again.” It’s more a freedom to do what you want (income generating or not) without having to take a job simply to cover your cost of living and retirement savings.