4 ms·
Five grand a year is probably too extreme, that's less than $15/day. But $15k/year is definitely doable with a $400K nest egg. 16 million households in the U.S.
by hudibras 14y ago
Five grand a year is probably too extreme, that's less than $15/day. But $15k/year is definitely doable with a $400K nest egg. 16 million households in the U.S. survive on less than that and most of them have to work to do so.
- dionidium 14y agoThat number was based on the prevalence of reasonable apartments in my city that rent for $450/mo or less. With a roommate that's $225/mo or $2700/yr. That leaves $191/mo for food and toothpaste and the like, which is doable for one person. (Clothes are essentially free if you don't care what you look like.) The example was meant to be extreme and you can adjust the dials a bit without missing my point, which is that of course it's easy to retire if you remove the requirement that you might want to buy stuff.
- hudibras 14y agoNo problem, I mostly agree with you. The only assumption I didn't like was living with a roommate who pays half the rent (not a spouse) for the next 50 years. That's a little extreme even for me.