Comment on Even millionaires don't feel wealthy these days
Bronzebeard@lemmy.zip 17 hours agoMost people set the bar slightly higher than “technically surviving”, for their retirement.
Comment on Even millionaires don't feel wealthy these days
Bronzebeard@lemmy.zip 17 hours agoMost people set the bar slightly higher than “technically surviving”, for their retirement.
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