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Reply to "What NW would a person need to retire by age 30 in a HCOL area? "
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[quote=Anonymous]How much do you plan to spend per year after you “retire”? It’s a critical part of the calculation, and if our numbers aren’t the same then we can’t help you. Furthermore, anyone who manages to pull this off should be able to do an easy google search on how to calculate what you need in retirement and then do the math. This does not bode well for your odds of success. I plan to retire at 57.5 and have calculated that I need 5.7 million to live 38 years after that with the lifestyle I desire. I’m saving as though my pension goes away and SS does as well. I’m on track to have that and odds are good my pension will still be here, so I will be in great shape as long as things continue according to plan.[/quote]
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