Quote:
Originally Posted by Unregistered
It really depends on a couple's prior lifestyle. A $6m net worth generates ~$200k passive income assuming they take up a low-moderate risk profile. That is roughly what a higher middle income class couple spends a year, so it actually makes sense for quite a segment of the population.
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This means retrement adequecy depends on your retirement lifestyle. If you want to eat at high end restaurants everyday, travel by first class, go to Europe five times a year for holiday, etc, you will need to have $10m that generates $500k pa.
However, if you have a humble, heartland retirement lifestyle, you just need $30k pa.
Not surprising why some people cannot afford to retire because they are attached to their high end lifestyle and their status in the corporate world. They are attached to these worldly things.