3 ms·

Define comfortable

• sokoloff 5y ago
  For me, that’s targeting the same spendable money as the 95th percentile household who is earning a wage (paying high taxes on that), paying for a house, feeding two late model mid-luxury cars, and saving aggressively for retirement and college. So, significantly less than what would be needed to hit $250K of pre-tax money ($6M or so), but rather a paid-off house (taxes and insurance only), no further college or retirement savings, tax-optimized withdrawals, and buying health insurance as the major effects. I’m guessing that it’s less than half of $6M (in today’s money) and probably under $2M to hit a 90th percentile spendable money figure.