It is not a question of adequacy of his savings for retirement. He said he can generate a passive income of $175k pa and you are trying to advise him about retiring with $50k pa?
When people communicate anonymously, there is often mismatch and misinterpretation of intent especially when they are using from different benchmarks.
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Originally Posted by Unregistered
You don't need $175k pa to retire unless you plan to eat at expensive restaurants everyday or gamble all day. Most retired couples with no dependents and own a fully paid home can retire very comfortably with $40k pa, the most they need is $50k pa and this is a generous amount. So if your passive income is $80k or $100k pa, you can retire.
The most important thing about retirement is to plan your activities. Keep yourselves busy with exercising in the gym, jogging at parks, swimming, reading, socializing with friends, doing volunteering work in old folks home or feeding the poor, etc. If you are fully occupied with meaningful activities, then your retirement is meaningful. Look around you. Help others.
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