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Well. ARKK is back.
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I live in DC and that figure seems low. I’d assume it should be closer to 10M when you factor in inflation, wage growth, etc.
What’s the criteria for this. Rate of return and annual contribution?
Nice. More details? Age, salary, current savings?
Conversation Starter
Age - 34.
They used $140K/year post retirement. Seems ridiculously low to me.
Rising Star
Well if you have plans to be spending more than that during retirement, it is low. Seems enough for me on a yearly basis as an old person. A few vacations a year and trips to grandkids, etc.
Thing is, are you actually planning on staying in NYC til you die?
Rising Star
If you’re in the suburbs presumably you’ll have bought and paid off a house. How are you spending $140k a year without housing costs?