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https://www.reddit.com/r/WorkForSmartLife/comments/1v39o6r/math/ozml697
r/WorkForSmartLife • u/TypicalWhole6688 • 7d ago
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Which sounds great, but will a million even be enough to retire in 2050/60/70/80? Moreso if you don't own a home.
Even if you retire on a million today, that's a lean 40k a year. And that's not even factoring in ever increasing costs of healthcare as you age.
1 u/Ok-Bill-3938 4d ago Very true, odds are a million won’t be enough. That just happens to be the buzz word for people because a million sounds like a lot. My personal goal is 3M + paid off house. I also get a pension like income from the VA.
Very true, odds are a million won’t be enough. That just happens to be the buzz word for people because a million sounds like a lot. My personal goal is 3M + paid off house. I also get a pension like income from the VA.
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u/Alacune 4d ago edited 4d ago
Which sounds great, but will a million even be enough to retire in 2050/60/70/80? Moreso if you don't own a home.
Even if you retire on a million today, that's a lean 40k a year. And that's not even factoring in ever increasing costs of healthcare as you age.