Evan Prodromou$100K or less
About $1M
About $10M
$100M or more
Poll ended at .
Feel free to give your reasoning!
UrsaRight now 150K seems to be the single person income in the US where you can be comfortably middle class, make savings, and, overall have a life free of financial worry. Multiply that by an average lifespan of 80, gives us $12M as what a person would need in their lifetime to be happy and unburdened. More feels greedy, assuming once you get it, you intend not to work for an income for the rest of your life.
PapyrusBrigade@UrsaAshBear I don't think multiplying gross income x lifespan makes sense as a measure of personal wealth. It assumes you would have no tax, no rent, no food cost, etc. Personal wealth would more commonly refer only to assets net of debt.
The common rule of thumb for retirement is post retirement income would be 4% of savings. At a 70% post-retirement income, that means pre-retirement accumulated wealth would be 17x income. Which is much less than the 80x income you've assumed.
K. You have your reasonable wealth fantasy, I'll have mine.