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Re:A study I'd like to see done by mattmaroon on Sunday November 04, 2007 @11:24PM (#76194)
I'd need about two mil to retire comfortably I'd say. It's far easier to get to that from one million than it is to get to one million from $5,000. Hence I'd be seriously screwed, especially at that age, If I found myself with $950k and had to lose it all, whereas had I not made the bet, I'd probably be at most 5 years from retirement.
Re:A study I'd like to see done by dfranke on Monday November 05, 2007 @12:21AM (#76197)
Two million to retire comfortably? That's quite a standard of living. Supposing you're earning 6% interest and expect to live to 100, that's a budget of $10725 per month. That's enough to spend the rest of your life living in the penthouse suite of a cruise ship.
Re:A study I'd like to see done by mattmaroon on Monday November 05, 2007 @10:30PM (#76473)
Right. Exactly