Ask HN: What age do you expect to be able to retire?

Re:Ask HN: What age do you expect to be able to retire? by Maro on Thursday November 30, 2017 @08:19AM (#15815449)

When I lived in Budapest, I was able to save ~50% of my invome. When I lived in London, I was able to save 60-70% of my income. Here in Dubai I can save 70-80%.

Reason: (i) no kids (ii) I don't need anything other than phones and Macbooks and some shoes (iii) no expensive cars/houses to maintain (iv) high income (but not out of the ordinary for Eng).

More generally: earn money in high pay cities and live frugally (London, Dubai), spend money in low cost cities (Budapest). Works like a charm.

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Re:Ask HN: What age do you expect to be able to retire? by digianarchist on Thursday November 30, 2017 @11:08AM (#15816827)

I'm surprised that you were able to save more money in London than Budapest.

Rents in London are prohibitively expensive. Did you share a place?

In Toronto my min-expenses swallow 50% of my salary.

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Re:Ask HN: What age do you expect to be able to retire? by Maro on Friday December 01, 2017 @05:48AM (#15823115)

I had significantly higher income in London, at Facebook. I saved about 50% of my base salary, but I got lots of bonus/stock money on top of that.

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