We've to adjust for inflation. Also, life expectancy is increasing. That means one would need to plan for that. Note that, 401k would start to dry at 99 or something.
In addition, think about unexpected medical expenses. In 30-50 years policies can drastically change, making healthcare entirely unaffordable or (hopefully) entirely free. But FI means, we're prepping for the worst.
comments
*Bay area is abnormal society.
In addition, think about unexpected medical expenses. In 30-50 years policies can drastically change, making healthcare entirely unaffordable or (hopefully) entirely free. But FI means, we're prepping for the worst.
Lcol country $1M
Lcol state $2M
Hcol city $5M
He can do
20% dividends
20% corporate bonds
20% govt bonds
20% crypto
20% growth stocks
Blended income should be 3%/yr which is like $150k
And over 20 years there is very likely overall growth.
$150k/yr is plenty for one person's retirement
At 50 ur kids hopefully aren't still cash drains
$25M in 25 years is only worth $9M today.