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Hard to fathom (lemmy.world)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 9 months ago (2 children)

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

[–] [email protected] 6 points 9 months ago* (last edited 9 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.

[–] [email protected] 1 points 8 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.