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A comment on Ask HN: What you up to? (Who doesn't want to be hired?). Parent comment

Re:Ask HN: What you up to? (Who doesn't want to be hired?) by gitfan86 on Tuesday November 02, 2021 @08:57AM (#29080514)
In general you can leave your money in the stock market and take out 4% a year and expect that to continue forever. Obviously there is no guarantee on that but it has held true for 60+ years. If your expenses are 40k/year you only need 1M to retire. 20M would get you 800k/year.
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Re:Ask HN: What you up to? (Who doesn't want to be hired?) by chirau on Tuesday November 02, 2021 @10:54AM (#29082176)
I doubt 1M is anywhere close to the figure. And 40k in expenses? What kind of life would you be living? My rent alone is more than that.
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Re:Ask HN: What you up to? (Who doesn't want to be hired?) by gitfan86 on Tuesday November 02, 2021 @11:28AM (#29082687)
It depends on the person.

There are a lot of people in the world who make $18/hour. This would cover their expenses. On the other hand someone like Bill Gates or Jeffrey Bezos have much higher expenses to you.

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