Quote:
Originally Posted by Unregistered
Don't listen to the CRAZY MORON who said you need MILLIONS to retire.
Like that 99% of people cannot retire.
STUPID FOOL.
|
Are you already retired? Do you fear running out of money sometime in your retirement journey, now that you know how to calculate how much you need to support your years in retirement? Did you underestimate the amount you needed?
If yes, quickly go back to the workforce.
While it may not be true that 99% cannot retire, but a lot of people may need to work till 65 or more.
The gahmen has been encouraging people to work longer because they know people are living longer and many will not have enough savings to see through their last day.
As shown in earlier post, even at a basic $2,500 per month lifestyle, a person will still spend $900,000 over 30 years in retirement (without inflation). With inflation, he will spend well over $1M!
Where is this money coming from?