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??? I think that is highly dependent on housing costs and how early you retire. If you have kids who are not in college (and live where college is not free) an
by hcknwscommenter 6y ago
??? I think that is highly dependent on housing costs and how early you retire. If you have kids who are not in college (and live where college is not free) and have not paid off your house, 1MM in retirement is a woefully small amount of money (I think?). At 5% withdrawal (risky), you are living on 50K a year, 30K post-tax. That's not even going to cover your mortgage in many cases, much less other living costs.
- valuearb 6y agoUh, if you have kids not yet in college, how are you retiring?
- Closi 6y ago1 million is a woefully small amount of money to retire with? HN needs to live in the real world and learn what most people retire with
- itsoktocry 6y ago>HN needs to live in the real world and learn what most people retire with Most people retire with barely anything, I don't think that's disputed. Doesn't mean that $1M is a lot of money to retire on.