8 ms·
And this will get you like $1M at 45? You can’t retire on that.
by what 6mo ago
And this will get you like $1M at 45? You can’t retire on that.
- a96 6mo agoI definitely could. An american maybe couldn't.
- 0xbadcafebee 6mo ago$1.8M-$2.2M. Assumes 6%-7.5% annual return. Does not include employer contribution. Provides $72k-$88k /yr income. Assuming you pull social security at 67, your continued gains exceed your draw, and your fund perpetuates until you die.
- hrimfaxi 6mo agoIf you retire at 45 won't that significantly impact social security?
- 0xbadcafebee 6mo agoIt just means you draw ~$2500/month instead of ~$3800/month. That makes your $77k/yr income into $107/yr, but more importantly it helps your retirement account keep growing so it outlives you.
- dwedge 6mo agoYou can't live on $40,000 a year?
- gib444 6mo agoWhat about property taxes, the occasional $40k visit to the ER for a few stitches?