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Best SPG/Marriott in Napa?
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It depends. In India? Yes. In the US? Not even close to the bare ridiculous minimum to the in the average.
Even a $1M is not enough in America anymore. To relationally have a decent retirement, you’ll need to have about $3M+ in the US
With the actual inflation we're seeing in US, 30 million USD minimum if you wanted to retire in 20 years
30x is a made-up number to make for a dramatic click-bait headline on an otherwise unexciting article that offers no new information or perspective.
10x is what I've always heard, and having to withdraw a million bucks or more over 10 years is hardly the hardship they make it out to be, so long as one is aware of and plans for the tax implications.
400-500k is good enough for me. Just invest em all in PFE. A 6% yield is enough to cover my monthly expenses forever
I’m a bit of super saver for retirement, due to financial uncertainty on when I plan on retiring. I plan on working another 22-25 years… maybe I’ll go sooner if my wife gets back working, but my wife currently stays at home with the kids. I currently save 30% of my base salary and my company automatically gives 4% + 6% match on a 401k, so my total savings is 40% of my base salary. I personally would like to have $5-6.5million upon retiring, which we’re on track to do if I work until I’m 62. I also have a little monthly pension $700 a month and then I plan on taking SS at 62. Going back to your question the amount you need depends on what you want to do when you retire. We want to travel and take our kids and future grand kids on big vacations.
Where and how long do you expect that money to last.
$300k is more than the majority of the people in the US have when they retire but a number like that will often cause a lifestyle hit. Looking at the 4% rule that’s only about $1k/month.