Reply to Can 29yr old live off $1.5 million w/working?

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Reply to "Can 29yr old live off $1.5 million w/working?"

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[quote=Anonymous]A new car alone would eat up half the expected $75k.  Sure, they aren't buy a new car every year, but they will probably almost every decade, so that $75K/year in perpetuity doesn't really work.

Also, what the heck is he going to do all day for 30+ years?

I hate working. I can't wait to quit when my kids are in college. But, I will be 56 and love to travel, which is expensive.  When I don't travel, I will probably work my garden, maybe join a gym... all of which costs money.

Even if he were to spend all day playing video games, those things cost money.  But, I do hope that's not all he will be doing.

Most people his age are working, so who is he going to hang out with during the day?  I have the same problem in that most 56 yr olds are working, but at least I will have my spouse who is also retiring to hang out with.

Most of us wish that weekends were 5 days/week so that we could have time to chill out, but if you have all 7 days/week x the rest of your life to chill out without any kind of hobby or people to hang out with, that would be very boring.

What is he planning to do all day for the rest of his life such that he will only spend $75K/year forever?[/quote]

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