Comment on [deleted]
Opinionhaver@feddit.uk 1 month agoMillion dollars is enough to retire if you invest that into stock markets and life off the interests which would average 70k a year.
Comment on [deleted]
Opinionhaver@feddit.uk 1 month agoMillion dollars is enough to retire if you invest that into stock markets and life off the interests which would average 70k a year.
0x01@lemmy.ml 1 month ago
Assuming you already own a home, and the stock market stonks upward forever, yeah. Otherwise you’re renting and in 30 years when rent is 15k/month you’re outta luck.
Opinionhaver@feddit.uk 1 month ago
I own a house and I don’t make anywhere even close to 70k a year.
Yes it does assume economic growth over the rest of my lifetime but it has done that for the past 100+ years so it’s not a completely unreasonable expectation and even if that is not the case then we’d all be screwed either way.