LateToFIRE
Thinks s/he gets paid by the post
- Joined
- Jun 4, 2023
- Messages
- 1,171
https://www.cnbc.com/2023/07/24/americans-have-big-number-goals-for-salary-retirement.html
CNBC Money: "To feel ‘comfortable,’ Americans think they need a $233,000 salary and nearly $1.3 million for retirement."
Goes on to say: "To feel financially secure or comfortable, Americans say, they would need to earn $233,000 on average, a recent Bankrate survey found. But to feel rich, respondents said they would need to earn $483,000 per year on average, the June survey of more than 2,500 adults found."
And "Meanwhile, to retire comfortably, Americans have another big number in mind — $1.27 million — according to recent research from Northwestern Mutual. That is an increase from $1.25 million cited last year, according to the firm’s recent survey of more than 2,700 adults."
Hmm, I think of course this could vary a lot by regional cost of living, and for retirement could certainly vary a lot depending on other income streams (ex. pension), SS, etc.).
Have seen FIRE numbers far less than these and in some cases far more on this forum.
What do you folks think?
CNBC Money: "To feel ‘comfortable,’ Americans think they need a $233,000 salary and nearly $1.3 million for retirement."
Goes on to say: "To feel financially secure or comfortable, Americans say, they would need to earn $233,000 on average, a recent Bankrate survey found. But to feel rich, respondents said they would need to earn $483,000 per year on average, the June survey of more than 2,500 adults found."
And "Meanwhile, to retire comfortably, Americans have another big number in mind — $1.27 million — according to recent research from Northwestern Mutual. That is an increase from $1.25 million cited last year, according to the firm’s recent survey of more than 2,700 adults."
Hmm, I think of course this could vary a lot by regional cost of living, and for retirement could certainly vary a lot depending on other income streams (ex. pension), SS, etc.).
Have seen FIRE numbers far less than these and in some cases far more on this forum.
What do you folks think?