There was just a post in r/personalfinance that explained how if you retired in 1987 with $750,000 in savings you could be spending $50,000 a year since then and still have $3,000,000 if you invested it.
Obviously each person's situation is different and the question is loaded but $50,000 per year seems like a lot of money to me. I am currently living off of $20,000-$30,000 per year and that is to support myself going back to school, paying off some loans and contributing to a 401k. I would be living like a king if were not working and still bringing in $50,000 a year. What do you guys think?
Submitted September 17, 2018 at 10:46PM by Embryonico https://ift.tt/2D2Shhv
