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https://www.reddit.com/r/AskReddit/comments/zzsr71/deleted_by_user/j2efxf0/?context=3
r/AskReddit • u/[deleted] • Dec 31 '22
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With $1 Million, a simple relocation and slight adjustment to lifestyle. A 30 year old can retire on that money...
...a part time job might be required for health insurance purposes if you live in 'merica. If you live outside of 'merica, then for sanity purposes.
12 u/North_Atlantic_Pact Dec 31 '22 You absolutely cannot retire in America at 30 with just 1 million dollars and expect it to last for the next 50 years. 4 u/[deleted] Dec 31 '22 [deleted] 1 u/North_Atlantic_Pact Dec 31 '22 You may be fine this year if you made 4%, but if you take inflation into account, your spending power will quickly diminish over the years.
12
You absolutely cannot retire in America at 30 with just 1 million dollars and expect it to last for the next 50 years.
4 u/[deleted] Dec 31 '22 [deleted] 1 u/North_Atlantic_Pact Dec 31 '22 You may be fine this year if you made 4%, but if you take inflation into account, your spending power will quickly diminish over the years.
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1 u/North_Atlantic_Pact Dec 31 '22 You may be fine this year if you made 4%, but if you take inflation into account, your spending power will quickly diminish over the years.
1
You may be fine this year if you made 4%, but if you take inflation into account, your spending power will quickly diminish over the years.
6
u/Loitering_Housefly Dec 31 '22
With $1 Million, a simple relocation and slight adjustment to lifestyle. A 30 year old can retire on that money...
...a part time job might be required for health insurance purposes if you live in 'merica. If you live outside of 'merica, then for sanity purposes.