retoot this if your retirement plan is essentially based on the idea that civilisation will probably crumble before you reach 65 and money will be meaningless anyway.
@cmconseils I've always been an extremely frugal person and saved as much as possible, I'm on track to have the ability to retire relatively close to the age of 40
@Roofastronaut @cmconseils what number you shooting for, if you don’t mind saying? I’m thinking $1.25M for a 60’s retirement in the Midwest for me. That’s should be about $50k a year until my mid to late 80’s. That should be well beyond what this body will need cared for. With the uncertainty of two more decades I wouldn’t even know what to plan for.
@passwordsarehard4 @Roofastronaut @cmconseils Have you accounted for future inflation?
@rojun @passwordsarehard4 @cmconseils depending on the cause, inflation should affect equities 🤷‍♀️ I don't actually intend to retire early since I enjoy working, I just take comfort in knowing I'll have the ability to if I want/need to
@Roofastronaut @passwordsarehard4 @cmconseils Depends, if it's equities on a holding company holding its assets as cash on a bank account, then it's probably losing relative value. I thought that it was implied that the lump sum was personal cash.
@rojun @passwordsarehard4 @cmconseils nah. I have it invested in various ETFs. I'm assuming an average annual 8% rate of return.