3 ms·
To support a sibling post, depends very much on age and circumstances. 50, healthy, no wife or kids and no plan to have them? Might be fine retiring at $2m. 30
by vundercind 2y ago
To support a sibling post, depends very much on age and circumstances. 50, healthy, no wife or kids and no plan to have them? Might be fine retiring at $2m. 30 with a family? Ehhhh…
Likely-time-remaining is a huge factor in figuring out how much it’ll take to retire at a given level of risk (of running out of money too early).
- camdenreslink 2y agoIt's $80k/year at a 4% withdrawal rate. If you were 30 with a family it might be cutting it close (depends on things like student loans, cost of health insurance, car payments, cost of mortgage, etc). Bumping it up to $2.5m would probably make things a lot more comfortable, but the point remains that OP has no reason to worry.