Share
22,457 Posts.
lightbulb Created with Sketch. 1375
clock Created with Sketch. 02/08/17
23:07
Share
Originally posted by picastoc
↑
Not too many retired people need to spend $80,000 (and its equivalent which is higher to account for ongoing inflation). I reckon you need to take that fact into account. If anyone of 55 can't retire comfortably on $1.6 or $1.8 million and live until 90, something is wrong. All assuming you own your own home. If that $80,000 is tax free and you own your home and car, why the heck does one need $80,000. This is per person, too. Besides, I am an example of someone who retired at 50 still worked a bit until 55, and said goodbye to the paid workforce since then and am living very comfortably with my funds growing strongly, not shrinking....
Expand
It really depends on lifestyle though doesn't it? What if you want to spend a couple of the winter months in Europe or somewhere similar? That starts to blow a big hole in $80k.
