How much $ do you need to retire @ 40 years of age?
#tech #income #tc #salary #retirement Ex. For Seattle location (assuming your house is paid for) for a family of four for modest living
Depends how long you intend to live, and at what quality of life. But 5mil is a pretty solid starting point where investments should be able to carry you for a good life
I agree. If you invest well and spend modestly, $5M is enough. Another plan is to take a low stress job that offers health insurance because that is the biggest expense until you reach age 65
If you have low income, healthcare exchanges are quite cheap.
Minimum 30M if u r with family in Seattle. Anything less, you will struggle a lot. You can do with 25M in lcol like Kansas city if you live frugal
25 times your annual expenses
So 40 is the new 62 now??
1.5 million with paid off house and car. Annual expenses of 60k. Family of 2, no kids. Mcol.
Define modest living. Median family income of 120k, 3m is enough. And that median family doesn’t have a paid off house.