4 ms·
> I don't want to sound bitter about it, but I am a sole provider for a family of 5, and I guess I could _retire_ after two years of these earnings. To be clea
by BaseballPhysics 4y ago
> I don't want to sound bitter about it, but I am a sole provider for a family of 5, and I guess I could _retire_ after two years of these earnings.
To be clear: You really couldn't. After tax that's probably more like, what, 300k depending on where you live. Family of five, you could save, what, 250k optimistically? Which means 500k in two years. And you cannot retire on 500k.
But, say, 10 years? That's doable depending on your expected income in retirement. Which is, admittedly, still pretty damn good...
- dottedmag 4y ago> And you cannot retire on 500k. Not everyone lives in US, and I would not be starting from scratch, unlike what author suggests :)
- deleted 4y ago[deleted]
- deleted 4y ago[deleted]
- legulere 4y ago500k for lets say 50 years means 10k per year (let's say you get out inflation by investing). That gets you pretty far in a lot of places.