Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying
You can actually retire on $1 million. That's $40,000 per year or $3333 per month. However, life isn't much fun as an entry level retiree and there's no safety buffer should things go wrong.
With $3 million, things are beginning to get comfortable. $5 million is my Goldilocks zone.
Ultimately, you decide for yourself what your target is and shoot for it.
Chey!!!! Dont need all these complicated analysis...if I got $5m, I also know I can retire.....$4m also can!! (Ooops , sorry I meant financially independent!!)
You can actually retire on $1 million. That's $40,000 per year or $3333 per month. However, life isn't much fun as an entry level retiree and there's no safety buffer should things go wrong.
With $3 million, things are beginning to get comfortable. $5 million is my Goldilocks zone.
Ultimately, you decide for yourself what your target is and shoot for it.