• Sc00ter@lemm.ee
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    18 days ago

    How old are you and where do you live that you think thats enough to retire comfortably?

    • spacesatan@leminal.space
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      17 days ago

      They said invested, not ‘put in a checking account and drawn down’. Even 5% returns would be 50k annually, which is already more than the median individual income. Actual return on the S&P 500 for the last 25 years has been around 8%.

    • Kecessa@sh.itjust.works
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      17 days ago

      50k us is about what I make now and I’m in the suburbs.

      Invested safely that’s what I would make with 1m, with 2m I’m having the time of my life.

      I could have lived off that at any age as I’m currently making the most I’ve ever made by about 6k compared to my previous job…