RetireAge50
Thinks s/he gets paid by the post
- Joined
- Aug 6, 2013
- Messages
- 1,660
That depends entirely on how much they spend. Just today I read that the median household income in the USA is $56,500 per year, and if the stories of everyone living paycheck to paycheck are true, they spend it all. That level cannot be prudently supported with a $1 million nest egg.
If you include social security 56k/year should be doable on a million. No?
Edit: Did a quick Firecalc 85% success assuming age 55 retirement with 25K social security starting 10 years later.
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