this post was submitted on 27 Nov 2024
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"Retirement" for me would likely require an 8 digit sum of money and a functioning economy in 40+ years. I don't anticipate having either.
At spending 4% per year, and assuming US Dollar, $10,000,000 would provide $400,000 per year to spend. Depending on inflation, may be a lot.
You need to also account for 40+ years of inflation to boot. $400K is a lot now. In the 2060s, probably not so much.