Most people set the bar slightly higher than “technically surviving”, for their retirement.
Comment on Even millionaires don't feel wealthy these days
LifeInMultipleChoice@lemmy.world 17 hours agoI mean I could buy a house somewhere in a small town for 250k, and live off 20k a year without issue. That’s what $385 a week. That sets $13,000 a year aside for emergency funds (and property taxes) and or just growing back the principle to a million. Id probably be able to die at 75 with half a million in the bank
Bronzebeard@lemmy.zip 17 hours ago
LifeInMultipleChoice@lemmy.world 16 hours ago
Most people retire at 65 with a house paid off as well. Spending 125,000 a year in retirement is a crazy amount. If have to I could go on a $15,000 vacation every other month and have $35,000 left over for food. Id call that living large for sure.
Bronzebeard@lemmy.zip 12 hours ago
You’ve got a large window at 36. The earlier you retire, the bigger buffer you need. 4.5% is an insanely high withdrawal rate for that time frame. You become very susceptible to any downturn in the market
superglue@lemmy.dbzer0.com 12 hours ago
Are you in the US? Healthcare nukes that plan. If you skip buying healthcare then one single event can bankrupt you.
LifeInMultipleChoice@lemmy.world 11 hours ago
They fucked our healthcare system, so my philosophy is if something bad happens you just don’t pay them if they perform the procedure, and if they don’t you just kill yourself. 300k in healthcare bills, send them $10 a month until you pass away.