Stamets@lemmy.world to People Twitter · 9 months agoHard to fathomlemmy.worldimagemessage-square31fedilinkarrow-up1511arrow-down17
arrow-up1504arrow-down1imageHard to fathomlemmy.worldStamets@lemmy.world to People Twitter · 9 months agomessage-square31fedilink
minus-squareVelvetStorm@lemmy.worldlinkfedilinkarrow-up3arrow-down2·9 months agoYou can’t really retire off 1 mill anymore unless you are living well below your means.
minus-squarehumorlessrepost@lemmy.worldlinkfedilinkEnglisharrow-up6·edit-29 months agoI didn’t say I’d retire today, I said I’d retire 10 years earlier than my current trajectory while not changing anything else. I’d keep working and contributing to retirement.
minus-squaresugar_in_your_tealinkfedilinkarrow-up1·9 months ago$1M is ~$40k/year. If you have a paid off house, that’s pretty reasonable. If you rent, you’re going to have a hard time.
You can’t really retire off 1 mill anymore unless you are living well below your means.
I didn’t say I’d retire today, I said I’d retire 10 years earlier than my current trajectory while not changing anything else. I’d keep working and contributing to retirement.
$1M is ~$40k/year. If you have a paid off house, that’s pretty reasonable. If you rent, you’re going to have a hard time.