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destructdisc@lemmy.world

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Yeah I'm not doing that. (lemmy.world)

submitted 1 week ago by destructdisc@lemmy.world to c/childfree@lemmy.world

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[–] FrostyTheDoo@lemmy.world 4 points 1 week ago* (last edited 1 week ago) (1 children)

I'm sorry but if you've been in the workforce for 10 years and are ready to retire soon you're either doing some really bad math, are a prodigy making 7 figures since the age of 24, inherited money from someone else, or are planning to live off beer in someone's basement for the next 50 years

[–] freespirits@lemmy.world 2 points 1 week ago (1 children)

I think 78k was my salary back then, the stock market has done really well the last decade. $1.5 million is the amount I plan to retire with.

[–] Magnum@infosec.pub 2 points 1 week ago (1 children)

You retire at 35 with 1.5 Million Dollars in the bank? What?

[–] freespirits@lemmy.world 1 points 1 week ago

In investments, if your investments earn 7%/yr which is a fair bit less than you can make off a basic index fund on average you have 4% to live on and 3% for inflation and your money lasts forever.