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Hard to fathom (lemmy.world)

submitted 7 months ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] VelvetStorm@lemmy.world 1 points 7 months ago (2 children)

You can't really retire off 1 mill anymore unless you are living well below your means.

[–] humorlessrepost@lemmy.world 6 points 7 months ago* (last edited 7 months ago)

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.

[–] sugar_in_your_tea@sh.itjust.works 1 points 7 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.