If you live in NYC/SF, how much money do you need for retirement? My target is 2053 and currently as per my advisor’s plan I am all set for 2053 at $4.7MM. Feels low to me.

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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.

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What’s the criteria for this. Rate of return and annual contribution?

Nice. More details? Age, salary, current savings?

Age - 34.

They used $140K/year post retirement. Seems ridiculously low to me.

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?

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?

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