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Reply to "Is saving/investing actually a crappy way to get rich?"
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[quote=Anonymous][quote=Anonymous]The entire premise of this post is that OP is cranky he can't retire *in his early 50s* with no guaranteed health insurance, no pension, and making $210k each year. Actually, scratch that - he'll have $5m in actual dollars, and using the 3% rule be able to withdraw $150k per year - which in inflation adjusted dollars will be *more* than he spends now. And this is somehow cause for despair. GMAFB. Work until you are 60, OP, which is still retiring early. [/quote] This is the key. It just can't be done unless you're earning a salary much higher than the $210k. Also, this is why most people in the US (maybe not in the DCUM bubble) have to seriously downshift their spending in retirement. I am already planning on a 2 BR apartment in a low COL area because I'd rather have more breathing room in my budget now while I am raising a family.[/quote]
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