How much money should one have to retire in bay area?

Roche mnbvcxzlkc
Jan 11 41 Comments

Same as above

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TOP 41 Comments
  • Intel Appm$$/
    Why would anyone retire in the Bay Area? Shitty traffic, high taxes and COL.
    Jan 11 17
    • Roku Mixi
      I hate the Bay Area
      Jan 11
    • Facebook public2
      Ok fair enough, taste is absolutely subjective. Do you hate in and out burger too?
      Jan 11
    • Roku Mixi
      No I love in n out.
      Jan 11
    • Intel Appm$$/
      Well, if a lot of folks are like OP, they will end up homeless in retirement because of the high COL.

      For big city and COL not mattering, I would say Manhattan is waaayyyy better for retirement. You don’t even need a car.
      Jan 11
    • Facebook public2
      If you retire in a high cost of living city you have the funds to support it and prop 13 ensures it's forever affordable.
      Jan 11
    • Intel Appm$$/
      Lol - Prop 13 was only lucrative when inflation was 10%/year. Now 2%/year limit is general CPI rate and equivalent to Prop 13 limit, so there’s no real advantage. So you’ll still be paying 2x the prop tax amount in Bay Area as if you lived someplace that’s warm, with low traffic, and low COL.

      Example: $1M purchase in Bay Area today is $10K prop tax. In 20 years you will be paying $15K/year in prop tax. Virtually every low COL state in the country you’ll be paying less than $15K/year in prop tax.
      Jan 12
    • Amazon / Eng DynamoDB
      I personally am here to grind on the cash and then leave to Midwest. But I understand why you'd want to stay here.
      Jan 12
    • Facebook public2
      Your example doesnt make sense. If history continues your 1m house will be worth 10m and you will be paying tax on it as if it were worth a fraction of that. My first sf house was less than 200k and probably worth 3 to 3.5 today but taxes valuation is less than 500k. Prop 13 ftw.
      Jan 12
    • Intel Appm$$/
      Except that it’s extremely unlikely that prices will continue to grow faster than inflation given you don’t have the tailwind of lower interest rates decreasing from 20% to 3%. So yes for people who bought up until about 2000, but not since then.
      Jan 12
    • Facebook public2
      Lol ok!
      Jan 12
  • Facebook / Eng zpqodvhdkr
    20-25 times your expected annual expenditures
    Jan 11 1
    • Qualcomm / Eng dynasty001
      “Future” is the kwyword here. Inflation happens
      Jan 11
  • New me2you.
    You dont. Bay area is for working.
    Retire somewhere else where col is cheaper and less taxes.
    Jan 11 0
  • Facebook liam
    Lol, who wants to retire in this shithole?
    Jan 11 1
    • Facebook public2
      Me and my retired friends but we are alone apparently lol
      Jan 11
  • Google YGnB23
    20 million
    Jan 11 1
  • Uber skylat
    If you have to ask you can't afford it
    Jan 11 2
    • Roche mnbvcxzlkc
      OP
      Thats not true
      Jan 11
    • Snapchat BigCoin
      It’s true for 99%+ of the cases.

      Asking for how much to retire in the bay is like asking how much cocaine can you shove up ur ass.
      Jan 11
  • Facebook public2
    26x time yearly desired income in retirement.
    Jan 11 0
  • EMC yskV77
    My goal is 8.5 million
    Jan 11 0
  • Apple ratWheel
    5mil, with assumption that house is paid off and don’t have any child expenses. Ppl who know a little bit about investing should be able to do well with that number.
    Jan 11 0
  • Salesforce pestapla
    Have you heard of FIRE?
    Jan 11 0
  • Facebook Snap.Inc
    1 trillion
    Jan 11 0
  • New DuQvV7x
    This one does not have the same needs as that one
    Jan 11 0
  • US Navy / IT Boonaki
    Why would anyone stay in the bay area after retirement.
    Jan 11 2
    • Roche mnbvcxzlkc
      OP
      What are your plans?
      Jan 12
    • US Navy / IT Boonaki
      I'd like to retire in Eastern Europe, perhaps get into the legal arms trade as a part time job.
      Jan 12
  • Glooko / Other drditto
    2-3M depending on inflation and assuming no major medical expenses, lawsuits, etc
    Jan 11 1
    • Facebook public2
      3m only provides 102k/year...
      Jan 11
  • Amazon okmh
    3M
    Jan 11 0
  • Salesforce lozere
    Why do you want to retire here??
    Jan 11 0

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