52-year-old early retiree left the U.S. for Portugal with his family

Re:52-year-old early retiree left the U.S. for Portugal with... by brailsafe on Tuesday June 07, 2022 @05:42PM (#31660409)

$130k per year in just dividends from investments is ridiculous. Normal people are doomed

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Re:52-year-old early retiree left the U.S. for Portugal with... by arcanus on Tuesday June 07, 2022 @06:03PM (#31660599)

130k might correspond to just 3.25 million a year with a 4% withdrawal rate. While this is a nice nest egg, it's hardly ridiculous levels of wealth.

4% is often considered a 'safe' rate of withdrawal in retirement.

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Re:52-year-old early retiree left the U.S. for Portugal with... by effingwewt on Tuesday June 07, 2022 @08:36PM (#31661814)

I am 100% positive that to anyone making $13,920/yr (before taxes!), 3.5 million sitting and paying out 130k (10x the minimum wage per year!) is the definition of obscene.

It never ceases to amaze that someone always has to deflect saying 'it's not so much, look others make even more!'

This comment shows the wealth gap has truly become a gulf where the upper echelons truly cannot wven fathom how those below live.

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Re:52-year-old early retiree left the U.S. for Portugal with... by brailsafe on Tuesday June 07, 2022 @07:00PM (#31661057)

$3.25m being 'a nice nest egg' and how nonchalantly you describe that might even just emphasize how much normal ppl might be screwed. Maybe more people are better off then I expect though.

I think I have like $10k. If I get very lucky with stable income at my current salary for a long time, I'll be able to save up a bit, but that's relatively high potential.

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