- Joined
- Jul 10, 2008
- Messages
- 65,484
- Points
- 113
You are rightbut to do it is not easy too.
Imagine a 50 years old single man has only $80,000 cash saving, he lost his job today and have to survive until he find the next job.
The question is can $80,000 last him a lifetime ?![]()
The answer is obviously not. You can do the sums yourself.
$5 million is the minimum required for a comfortable retirement.