You Need at Least $3M in Savings to Live Comfortably in Retirement

Re:You Need at Least $3M in Savings to Live Comfortably in R... by Paraesthetic on Tuesday February 21, 2023 @01:03AM (#34877296)

Now, but maybe not in 30 years after inflation

[ Parent | on HN ]

Re:You Need at Least $3M in Savings to Live Comfortably in R... by cpncrunch on Tuesday February 21, 2023 @01:27AM (#34877453)

You would have it invested somewhere that generates a return above inflation.

[ Parent | on HN ]

Re:You Need at Least $3M in Savings to Live Comfortably in R... by asdff on Tuesday February 21, 2023 @01:30AM (#34877480)

Some of these calculators (maybe all?) assume this wad of money you retire with is stored under your mattress.

[ Parent | on HN ]

Re:You Need at Least $3M in Savings to Live Comfortably in R... by Thorrez on Tuesday February 21, 2023 @02:16AM (#34877815)

Any example of a calculator assuming it's stored under a mattress?

Here's[1] an article on the 4% rule, and it clearly is about invested money:

> The rule applies to a hypothetical portfolio invested 50% in stocks and 50% in bonds.

[ Parent | on HN ]

Re:You Need at Least $3M in Savings to Live Comfortably in R... by mouse_ on Tuesday February 21, 2023 @01:11AM (#34877347)

30 years is a lot for retired individuals..

[ Parent | on HN ]

Re:You Need at Least $3M in Savings to Live Comfortably in R... by readthenotes1 on Tuesday February 21, 2023 @01:25AM (#34877439)

The harshest test for the 4% rule was the 1970s.

We might have been calling it The 6% rule otherwise...

[ Parent | on HN ]