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10M would give you a safe withdrawal rate somewhere between 300-400k a year. A fairly common household income for people on HN. It affords a very nice quality o
by overrun11 4y ago
10M would give you a safe withdrawal rate somewhere between 300-400k a year. A fairly common household income for people on HN. It affords a very nice quality of life but you're certainly not living the lifestyle that most people think of as "rich."
- shadowofneptune 4y agoThat's the average? There's no way to measure it, but that's around five times the US median household income, at a percentile of 97%. It could not be close to the median for HN just by probability, and it's a rich man's income.
- overrun11 4y agoI never said average. I said it's a fairly common household income on HN– which is true.
- wing-_-nuts 4y ago>It affords a very nice quality of life but you're certainly not living the lifestyle that most people think of as "rich." I think maybe you're missing the perspectives of ...almost everyone outside of a very select few in VHCOL locations.
- otikik 4y agoIt’s the other way around. Most people think of it as rich. Tech workers in SF don’t.