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submitted 4 weeks ago by RmDebArc_5@sh.itjust.works to c/theonion@midwest.social

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[–] Zorsith@lemmy.blahaj.zone 23 points 4 weeks ago (1 children)

"Retirement" for me would likely require an 8 digit sum of money and a functioning economy in 40+ years. I don't anticipate having either.

[–] MNByChoice@midwest.social 3 points 4 weeks ago (1 children)

At spending 4% per year, and assuming US Dollar, $10,000,000 would provide $400,000 per year to spend. Depending on inflation, may be a lot.

[–] thatKamGuy@sh.itjust.works 4 points 4 weeks ago

You need to also account for 40+ years of inflation to boot. $400K is a lot now. In the 2060s, probably not so much.