Early Retirement Feasibility
The cluster debates whether large sums like $3M-$8M are sufficient for comfortable early retirement in one's 30s or 40s, factoring in lifestyle inflation, safe withdrawal rates, healthcare costs, and frugality strategies, often in the context of high tech salaries in areas like the Bay Area.
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Are you arguing $8M is not enough to retire on?
Does it really cost $5M to retire in your 30s?
More than likely OP suffers from lifestyle inflation. You should definitely be able to retire with that much money.
Is it really a waste if you made enough money to retire?
im 35 and come from china,working at tencent company.now i have a three room house,and 3 years old childγ im saving almost $100K every year.plan to retire in 45.good luck to me!
Setting aside $500 every month in your 20s for a maybe event in your 80s is an unrealistic expectation for most of the population outside of Bay Area
Suppose you're going to live until 90. That's 60 years of retirement. Suppose you're given up on the whole materialism treadmill and are willing to live close to the poverty line, say $25000 per year. That still works out to $1.5M. How many people even make $1.5M by the time they're 30, even before taxes? And that's to live more or less in poverty.
If you can't retire comfortably on $3.5 mil you're probably doing it wrong.
Save a lot and retire comfortably somewhere else after 8-10 years?
Sustained $200k a year means you can retire decades earlier, if you kept expenses low.