Depends on your age, work history, and standards of living.
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Depends where you live. Could make it with less than 500k in your 20s.
End of conversation
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2m @ 3% -> $60k. I’d feel pretty comfortable with that _depending_ on the state of healthcare in this country.
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For me in the US it primarily depends on what health care coverage i need and how much I'm worried about medical debt driven bankruptcy. Minimum 5m 2020 dollars at age 62 for never working again to be relatively confident that I can do the things I want.
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This answer is going to be very different for a 20 year old compared to a 50 year old
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Not much that much. If you live out of interest on the investment the capital itself is not burned. Sure bigger overall risk for longer time so more is better the longer you need it
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I have ~zero savings and will likely never work again; going on nigh a decade now in terms of not working; had zero savings when I started.
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90% of the people answering anything other than <700k don’t know how compound interest works, or are somehow UNcomfortable living on anything less than 10k/month. JFC.
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Standard calculation is 4% after inflation. $700k = $2,333 / mo. You only get the benefit of compound interest if you draw down less than the growth.
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