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0 pointsgambiting1y ago0 comments

>>You absolutely need $10 million if you want to retire to any city in the US.

And...people accept that as a natural state of being? New York has over 8M residents, do all of them have $10M saved for retirement?

Or is your idea of retirement completely out of sync with what retirement really is for most people?

0 comments

avmich1y ago

You surely want to retire comfortably. You want to do what you want - and spend money along, not some arbitrary amounts but just without thinking too much.

gambitingOP1y ago

$10M sounds very much like an arbitrary amount for a very extravagant retired lifestyle.

avmich1y ago

My numbers are like this:

    $10M over 50 years - $200k/yr or $16k/mo
    House in a rather expensive place - $5k/mo
    Food, travel, other things and especially projects can eat the rest $11k/mo

Which number is wildly off?

2 more replies

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0 pointsgambiting1y ago0 comments

>>You absolutely need $10 million if you want to retire to any city in the US.

And...people accept that as a natural state of being? New York has over 8M residents, do all of them have $10M saved for retirement?

Or is your idea of retirement completely out of sync with what retirement really is for most people?

0 comments

avmich1y ago

You surely want to retire comfortably. You want to do what you want - and spend money along, not some arbitrary amounts but just without thinking too much.

gambitingOP1y ago

$10M sounds very much like an arbitrary amount for a very extravagant retired lifestyle.

avmich1y ago

My numbers are like this:

    $10M over 50 years - $200k/yr or $16k/mo
    House in a rather expensive place - $5k/mo
    Food, travel, other things and especially projects can eat the rest $11k/mo

Which number is wildly off?

2 more replies

j / k navigate · click thread line to collapse