Thread: Money Investing megathread extravaganza
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Old 11-15-2021, 09:12 PM   #11718
lewdog lewdog is offline
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Join Date: Sep 2011
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Quote:
Originally Posted by Rain Man View Post
I've run the numbers for myself, and while they're not completely generalizable due to some unique things to my household (e.g., my assets in IRA versus investment accounts), I concluded that I need about 20 time my salary to maintain my standard of living to age 99 without tapping into home equity. This assumes 3.2 percent inflation and investment returns in roughly the 4.5 percent range annually. So 20 times your salary isn't rich, but it'll give you a good likelihood of retiring with no financial compromises.
You are exactly on point. That's why 20x is my goal too. It will allow me to live a comfortable life without a worry for money if I live into my 90's.

This may not be "rich" by certain standards, but living stress free financially for decades is pretty fulfilling.

Good job, Rainman.
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