Car-Guy
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Back in the late 80's to early 90's my parents (and my MIL and FIL) all retired with about 350k NW in each family. That is far less than 1m in today's dollars. They had zero debt, small pensions and SS. They owned their own homes and each had one nice (but inexpensive) car. Neither ever took another trip after retiring or had any hobbies to speak of. The word boring comes to mind when I think how they lived but they seemed comfortable. Their biggest activities/events over their retirement years were doctor visits.
When my in-laws passed away after ~15 years of retirement, they still had a NW of about 300k. However, my parents had a NW of 1m when they passed after about 25 years of retirement. Both lived in middle class neighborhoods in the same area of town.They lived what I would consider very frugally. And neither invested in the market.
So yes, you can still retire with less than a million, but as I hear Ken Fisher say everyday on TV, , is that retiring well?
When my in-laws passed away after ~15 years of retirement, they still had a NW of about 300k. However, my parents had a NW of 1m when they passed after about 25 years of retirement. Both lived in middle class neighborhoods in the same area of town.They lived what I would consider very frugally. And neither invested in the market.
So yes, you can still retire with less than a million, but as I hear Ken Fisher say everyday on TV, , is that retiring well?
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