I'm 60 With $2M, How Much Can I Spend If I Retire Now

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  • Опубликовано: 10 янв 2025

Комментарии • 293

  • @Greggsberdard
    @Greggsberdard 20 часов назад +728

    I'll be retiring or working less in five years, and I'm curious about how people split their income-how much goes into savings, spending, or investments? I earn around $175K per year but have almost nothing to show for it yet.

    • @crystalcassandra5597
      @crystalcassandra5597 20 часов назад +2

      There are numerous strategies to achieve high yields during a financial crisis, but it is crucial to undertake such trades with the guidance and supervision of a professional financial advisor to ensure informed decision-making and risk management.

    • @VictorBiggerstaff
      @VictorBiggerstaff 20 часов назад +2

      These factors definitely play a part when I think about whether to invest in a stock. But I never make a purchase based solely on that. I always consult my financial advisor, who has helped me build a well-diversified portfolio worth $985k, which has seen tremendous growth.

    • @BateserJoanne
      @BateserJoanne 20 часов назад +1

      Do you mind if I ask how you found this coach and used their service?

    • @VictorBiggerstaff
      @VictorBiggerstaff 20 часов назад +1

      Her name is “Diana Casteel Lynch” Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @lolitashaniel2342
      @lolitashaniel2342 20 часов назад

      Thank you so much, this is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon.

  • @shellylofgren
    @shellylofgren 6 месяцев назад +715

    The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

    • @donna_martins
      @donna_martins 6 месяцев назад +4

      Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

    • @Robert_Seaman
      @Robert_Seaman 6 месяцев назад +2

      Safe to say not everybody has the skill to pursue investing. But it's always easy to follow the advice of someone who knows how to i.e a financial advisor. You could anywhere between 10--40k with the right ones. Online businesses are a good bet too if you are savvy.

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 6 месяцев назад +2

      Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

    • @Robert_Seaman
      @Robert_Seaman 6 месяцев назад +2

      Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @Trevor_Morrow_LTD
      @Trevor_Morrow_LTD 6 месяцев назад +1

      Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

  • @tonysilke
    @tonysilke 25 дней назад +437

    Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

    • @Nernst96
      @Nernst96 25 дней назад

      Rising prices have affected my intention of retiring at 62, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

    • @RobbieNixon-d1w
      @RobbieNixon-d1w 25 дней назад

      I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

    • @PhilipDunk
      @PhilipDunk 25 дней назад

      @@RobbieNixon-d1w Could you kindly elaborate on the advisor's background and qualifications?

    • @RobbieNixon-d1w
      @RobbieNixon-d1w 25 дней назад

      I've stuck with SOPHIE LYNN CARRABUS before the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.

    • @PatrickLloyd-
      @PatrickLloyd- 25 дней назад

      Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

  • @nicolasbenson009
    @nicolasbenson009 3 месяца назад +514

    I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

    • @Vincent-j8u
      @Vincent-j8u 3 месяца назад +5

      Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

    • @tatianastarcic
      @tatianastarcic 3 месяца назад +4

      Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

    • @sharonwinson-m8g
      @sharonwinson-m8g 3 месяца назад +5

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @tatianastarcic
      @tatianastarcic 3 месяца назад +5

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

    • @TinaJames222
      @TinaJames222 3 месяца назад +3

      Thank you for this tip. It was easy to find your coach on google . Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @DonaldMark-ne7se
    @DonaldMark-ne7se 6 месяцев назад +232

    More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

    • @kevinmarten
      @kevinmarten 6 месяцев назад +2

      The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

    • @Jamessmith-12
      @Jamessmith-12 6 месяцев назад +1

      This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

    • @JacquelinePerrira
      @JacquelinePerrira 6 месяцев назад +1

      Mind if I ask you to recommend this particular coach you using their service?

    • @Jamessmith-12
      @Jamessmith-12 6 месяцев назад +1

      Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

    • @JacquelinePerrira
      @JacquelinePerrira 6 месяцев назад

      She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

  • @SamsonsRhodesas
    @SamsonsRhodesas 4 дня назад +344

    How much income will 100k generate? anybody with investment experience.

    • @RiggiosMiners
      @RiggiosMiners 4 дня назад +1

      Amazing Q, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

    • @SamsonsRhodesas
      @SamsonsRhodesas 4 дня назад

      I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...

    • @RiggiosMiners
      @RiggiosMiners 4 дня назад +1

      Quitting may not be the best approach if you ask me personally . This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed adviser whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...

    • @SamsonsRhodesas
      @SamsonsRhodesas 4 дня назад

      @@RiggiosMiners Oh please I’d love that. Thanks!

    • @RiggiosMiners
      @RiggiosMiners 4 дня назад +1

      CATHERINE DIANE PELICAN

  • @stewartjallan1
    @stewartjallan1 3 месяца назад +2

    Azul, love your videos. I’m in Australia, 65 years old and retired 12 years. I do use an investment adviser. I tried your tool versus my own spreadsheet and think the Monte Carlo logic is a valuable addition. I have $2M in Superannuation and here this is non taxable to a maximum balance of $3M. The honestmath simulation yields a very positive result. In Australia median wealth of a 65 year old is $410K mainly due to high home ownership and equally high real estate values. I can reinforce your advice on when to retire. I traded off 4 days a week away from home to be with my children when they were young and enjoy 6-8 weeks of vacation together each year of their school lives. This was achieved by living a very modest lifestyle. Compounding over this period has been the only magic to now put me in a position to start spending and enjoy my retirement. Time is more important than money. Good work.

  • @okgreat2573
    @okgreat2573 7 месяцев назад +11

    Each year you can adjust your income to insure success e.g. if the Market is down spend $7K/mos if it's up spend $11K/mos.

  • @Growing-Our-Retirement
    @Growing-Our-Retirement 7 месяцев назад +6

    In this scenario it seems if they worked 2 more years much would change. 2 less years drawing down savings at $120k a year = $240k. Two more years that they could max out the 401k at $30k plus some match would be about $75k and 2 more years of growth on the $2 million @ a modest 6% = $120k x 2 = $240k all in is $555. Then run the numbers at age 62 drawing $120k a year.

  • @SharonR1105
    @SharonR1105 7 месяцев назад +16

    I would love for you to do a similar situation only with the calculation of spending more in the beginning (i.e. go - go years) and less for slow-go years and no-go years. Watching my parents' expenses in their 80's, it's noticeable that they spend ALOT less, even with inflation.

    • @kenmier9789
      @kenmier9789 7 месяцев назад +1

      Great point. I suppose the elephant in the room as we age is the type and duration of long term care we need. It would be interesting to know if assuming a flat spending trajectory statistically would cover those costs. Probably one of the biggest ‘black swans’ we can’t predict!

    • @IdeationInvestigation
      @IdeationInvestigation 7 месяцев назад

      I think you missed the point. This is about not running out of money.

    • @Kornheiser10
      @Kornheiser10 4 месяца назад +2

      Remember, it's OK to Die With Zero, but you don't want to have to Live With Zero....

    • @PoodlesAnonymous
      @PoodlesAnonymous 2 месяца назад

      Yes, I want the same analysis…go-go years versus lower spending once 75, etc.

    • @PoodlesAnonymous
      @PoodlesAnonymous 2 месяца назад

      Is 90 years of life what most planners are using?

  • @annahopp
    @annahopp 7 месяцев назад +23

    Adjust your expenses and retire as early as possible.

  • @DaveT0818
    @DaveT0818 7 месяцев назад +5

    What was omitted was the potential impact of taking SS earlier.. in some cases .. especially those where individuals are looking to retire early but still want a significant monthly outlay.. early SS can benefit them greatly as it protects more of their portfolio earlier .. the gains realized exceed the delta of the lower monthly SS receipts.

    • @ronschultz1977
      @ronschultz1977 7 месяцев назад +3

      Agree
      At least he should have run those options in the simulation to see the impact.

  • @rbeberman5296
    @rbeberman5296 4 месяца назад +19

    I’ve got about $3M at 63.5 years and i’m trying to get to 65. Now you’ve got me questioning my choice. On the other hand, my brother think i should go 9 more years, which is insane. I don’t think my money is going to be worth much in heaven, or wherever i end up,

    • @wakeywarrior
      @wakeywarrior 4 дня назад

      Pack in now and travel and see the world, get fit and get in the gym/ biking / running daily get down to a good BMI, best thing you can do to elongate your lifespan.

  • @azwileetoyote
    @azwileetoyote 7 месяцев назад +4

    This matches my scenario very closely so its another validation of our plan. I retired nearly 2 years ago at 55 but my wife still works since its a low pressure job and so-so pay. She'll likely retire at the end of this year. Our net worth is just slightly under this video's scenario currently and we're looking to spend about $9.5k/month but about $3K of that is discretionary spending so we can adjust how much we spend month to month whenever necessary. I use three different retirement planners (Fidelity, Right Capital and New Retirement) and they're all similar but different, each having their strengths and weaknesses. At $9.5k I have about a 60% probability of success but if we make small tweak's here and there, it jumps up to about 75%. Close enough for me since we're debt free and flexible. I'm a retired Engineer and my wife works in accounting so there's no lack of confidence sticking to a budget and/or making adjustments over time. The last thing we want is to go to the grave with a small fortune since both our kids and their spouses are doing very well for themselves in their respective careers.

    • @hanwagu9967
      @hanwagu9967 7 месяцев назад

      not entirely matching the scenario, since you are saying net worth versus the scenario which is investable assets. As an example, $2m net worth with $1m house is only $1m investable assets vs $2m in the scenario, which is a considerable difference. $6500/mo nondiscretionary seems pretty high if you are debt free. Also, the probability only speaks to your investable asset nest egg, you still have social security.

    • @azwileetoyote
      @azwileetoyote 7 месяцев назад

      @@hanwagu9967 Close... most of our assets are in cash and investments and we're in the process of selling a highly desirable 1.25 acre parcel in Hawaii so it'll all be liquid very shortly. We sold our home about 3.5 years ago and have been travelling the last 2+ years or so since the wife works remotely. SS is factored into our plan and we're still below 80% but I think I'm over estimating healthcare. Once she retires and we're off her health care plan, we'll have a better idea how close our estimates are since we have to carry it for about 6-7 years until Medicare kicks in. The reason for the high non-discretionary budget is it includes a decent amount for rent. The placeholder is about $3500/month which includes utilities... we've rented at that amount for 1.5yrs in a downtown high-rise (pre-retirement), 1 year in a house in Hawaii and about half that amount when traveling abroad (AirBnB's on a discounted monthly basis).

    • @azwileetoyote
      @azwileetoyote 7 месяцев назад

      @@hanwagu9967 good point in most cases but what I didn't go into was that I'm in the process of selling a highly desirable 1 acre lot we own in Hawaii so once that's done, all of our assets will be investable/liquid assets. Our SS is already calculated in our numbers so our low score is simply the longevity of our retirement, our spends and I believe I'm being overly conservative on medical costs. I got a recent quote on travel insurance from Cigna that's 1/3rd our planned budget but its 50% US coverage and 50% out of country which fits our plan for about 2 years, who knows what that cost will be when we need 100% US coverage once we scale back on our travels. Btw, since we sold our house nearly 3 years ago, whether its rent or Airbnb's when travelling, we've managed to spend less than our monthly budget so our spends have been encouraging since I've retired.

  • @johnd4348
    @johnd4348 7 месяцев назад +12

    10 K a month. I dont even make 4500 a month and manage to live on that very well.

  • @havenpersonalcare7968
    @havenpersonalcare7968 7 месяцев назад +13

    Azul; I'm 45 without retirement savings nor 401K. But, I'm living off $6K/month on a pension plus a passive income off a rentals = $2K. After a tragic accident that nearly cost my life; decided to travel the world with my family while still willing and able. It was stressful at 1st; but, best decision ever made! We get to be with our 12 and 14 year olds and enjoy seeing them grow. We will likely go back to the workforce, but for now our income has given us flexibility to spend more time with the kiddos and built memories. Writing from South Korea enroute to Japan. All the best everyone!

    • @info781
      @info781 7 месяцев назад +5

      A pension is retirement savings, just a different bucket.

    • @InvestingWithAdamK
      @InvestingWithAdamK 7 месяцев назад

      Do the kids do online school? How do you handle their education? I’ve thought of doing similar

    • @havenpersonalcare7968
      @havenpersonalcare7968 7 месяцев назад

      @@InvestingWithAdamK hi! Yes; kids are home schooled through Liberty University Online Academy; their fees are about $550/monthly for both; it's an accredited school. Hope that helps.

    • @InvestingWithAdamK
      @InvestingWithAdamK 7 месяцев назад

      @@havenpersonalcare7968 thank you

    • @NHJDT
      @NHJDT 7 месяцев назад +1

      I'm 49 and hubby is 48. We have three teens and doing the same as your family. Been traveling 3 1/2 years. First two years were through rving and we got back about 3 months ago from a 6 month Asia trip and we also went to Korea and Japan. We loved it so much we are going back this fall for Asia 2.0 trip.

  • @Ethernet480
    @Ethernet480 6 месяцев назад +3

    People should realize that if you make it through the first few years of retirement unscathed in the market…you’re odds of finishing in great standing goes up at a significant rate

  • @berniekeene868
    @berniekeene868 7 месяцев назад +7

    8% stock returns and 4% bonds. I would take that! I definitely would never retire based on a plan that used those assumptions, though. Better to go more conservative than that

    • @LifeOfBryzzz
      @LifeOfBryzzz 7 месяцев назад

      Everyone has a different risk tolerance and spending goal in retirement. If you want your money to last 30+ more years, and you're not willing to work anymore then you might need to either adjust your spending or your your risk tolerance in order to achieve that goal.

    • @glasshalffull2930
      @glasshalffull2930 7 месяцев назад +5

      When you were 30, did you expect the stock market (S&P500) to return over the long haul til retirement about 10% on average? Well, it did. Now you’re 60 and God willing you’ll live about another 30 years. Do you think the S&P will return on average about 10% over the next 30 years? I didn’t have ‘Honestmath’ when I was contemplating retirement and so did a bunch of scenarios with my portfolio returning 5%, 7%, 8%, 10% and built in some big stock market downturns at the beginning to see how I would fair. Turns out that the S&P retuned just over 12% on average since I retired almost ten years ago.

    • @mfamily3301
      @mfamily3301 2 месяца назад +1

      @@glasshalffull2930sequence of negative return at beginning of retirement would be detrimental long term effect. However, buffer with 5 years cash to sustain the down turn would be minimize the effect.

    • @glasshalffull2930
      @glasshalffull2930 2 месяца назад

      @@mfamily3301 You are exactly right. I cannot remember the exact amount, but we had about 3+ years of funds to ride out a downturn and only stopped withdrawing from the retirement plan once. After the passing of my mother, the inheritance we received now has us at about 5 years of funds. We’ve used laddered CDs.

  • @AmyZweber
    @AmyZweber 24 минуты назад

    In this discussion, nothing is said about the cost of medical care. We know that this can be quite expensive and I wonder why the model doesn't show the average. When retiring before Medicare is available at 60, 62, 64, 66 years old, how does this affect the model? ObamaCare isn't cheap and the deductibles can be very high.

  • @chrisniner8772
    @chrisniner8772 7 месяцев назад +5

    I'm 55, have all sorts of medical issues and probably have 2 or 3 years left in me. I'm worried about affording medical coverage. I lived like I was broke for 20 years.... but now inflation is robbing my next egg.

    • @imveryhungry112
      @imveryhungry112 7 месяцев назад

      What are you going to do for health care? Are you still working?

    • @chrisniner8772
      @chrisniner8772 7 месяцев назад

      @@imveryhungry112 work until I can't and try to buy insurance

    • @christine-j4r2m
      @christine-j4r2m 28 дней назад

      @@chrisniner8772 Consider looking at Affordable Care Act options in your state.

  • @robertbalian9144
    @robertbalian9144 2 месяца назад +5

    After all these years of saving, the concept of spending down the money you have accumulated over a lifetime and no longer earning, freaks me out!

  • @richp5064
    @richp5064 7 месяцев назад +2

    The biggest issue by far is people not educating themselves. There are a lot strategies that can allow you to live on a much smaller portfolio. For instance i retired at 51 and living off my brokerage account while doing roth conversions until 59.5. From a 500k portfolio i pulling 6k a month out and still up from my original amount when i retired.
    Instead of a strategy that has you selling shares to live i use dividends and options to create my income.
    Imo covered call etfs have changed playing field for income investors. And selling puts and calls is an easy strategy to earn more income.
    To be fair tho this 500k i can be aggressive because i have my retirement accounts at 59.5 then ss and pension at 62

  • @python80486
    @python80486 7 месяцев назад +13

    Many retirees end life with a lot of money left. Fear of having not enough leads to conservative withdrawals. As a consequence they leave the money behind. It's a tradeoff.

    • @imkindofabigdeal4308
      @imkindofabigdeal4308 5 месяцев назад +3

      If having the money, vs spending it, gives you a sense of security and autonomy it is a good thing. There might be some better things. But not a complete waste.

  • @martin_for_a_break
    @martin_for_a_break 6 месяцев назад +1

    I believe spending is different when you are healthy and active. Assuming flat spending until 90 is not the reality. I would add some extras in the first 10 years, the go go years. The tool can do that, great.

  • @moriverrat00
    @moriverrat00 3 месяца назад +4

    Take SS at 62 and not take as much out of savings early to let the nest grow more for future years

  • @goofygirl1311
    @goofygirl1311 4 месяца назад +1

    I 100% agree with you that giving up those few healthy, active years that you have to really enjoy your retirement would be a mistake. Also, if you delay collecting SS until 67 and can anticipate getting a rather substantial bump in income at 67, why not spend a little more early in retirement - $1000 extra a month each year in your early 60's might mean the difference between taking a once in a lifetime trip or not ever taking the trip at all.

  • @IamJonny-o4v
    @IamJonny-o4v Месяц назад +6

    I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I hate my job but can't leave because of I won't get my state pension. What do you think about doing a 70/30 stocks bond ratio?

    • @JacobsErick-u8r
      @JacobsErick-u8r Месяц назад +3

      I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery

    • @richardhudson1243
      @richardhudson1243 Месяц назад +3

      At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

    • @winifred-k9e
      @winifred-k9e Месяц назад +3

      At a point like this, when the pressure is already on you to retire, its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

    • @MattsMkia
      @MattsMkia Месяц назад

      Generally speaking, a good number of people discredit the effectiveness of financial advisor in planning for retirement, For over the past 5years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1million in gains… might not be a lot but retirement doesn’t seem so farfetched anymore.

    • @LUCIASMITH-d1z
      @LUCIASMITH-d1z Месяц назад +1

      Great gains there! mind sharing details of your advisor please?

  • @gottafly30
    @gottafly30 День назад

    Azul, I am not sure this model considered the SS income, as a $2M portfolio should EASILY support ongoing withdrawals of $4.3k/mo gap (10k needed minus 5.7k in SS). that's a 2.5% withdrawal rate if my back of the envelope math is right. jump in if I am missing something.

  • @NoelKelly-j9l
    @NoelKelly-j9l 5 дней назад

    Thanks Azul love your common sense explanations and analysis

  • @WealthyChronicle
    @WealthyChronicle Месяц назад

    The Monte Carlo simulation is a game-changer! Seeing all those possible outcomes makes retirement planning feel more real. Why isn't everyone talking about this? Share this video ASAP!

  • @ScubaPhil1
    @ScubaPhil1 7 месяцев назад +4

    Need to check what the ramifications are if they take SS at 62.

  • @firstbikeisascout9103
    @firstbikeisascout9103 5 месяцев назад

    Considered retiring & was told by financial planner I could. However, decided to put it off because a) I enjoy what I do, b) I’d get bored c) while I enjoy traveling I can’t do it year round. Currently 58 years old.

  • @bobwolff941
    @bobwolff941 6 дней назад

    You are forgetting heathcare costs until Medicare. Those 5 years will cost you $20k per year in Healthcare minimum

  • @c17360
    @c17360 7 месяцев назад +3

    Thank God that I actually Love my job.

  • @Rottingboards
    @Rottingboards 6 месяцев назад +1

    I started with $800 in 1980 and am now having a hard time spending all the money acquired. I have been working and saving for so long. Thank god I did talk myself into early retirement. Spending Example: I was looking at replacing a screen door and wondering if I should spend the money... I have some real issues to deal with... 😞

    • @AzulWells
      @AzulWells  6 месяцев назад +3

      That is a super common challenge (and one that I struggle with as well). It’s a journey going from “saver” to “spender” … 🚶‍♂️Azul

    • @Rottingboards
      @Rottingboards 6 месяцев назад +1

      @@AzulWells Ohhhh, and THANKS! You helped encourage my wife and I into seeing a retirement financial advisor and going for it at the age of 56!

  • @JoelKSLC
    @JoelKSLC 7 месяцев назад +2

    Azul, love the channel but the notion of not retiring in your late 40s or early 50s is somehow a poor choice seems way off base. Many people I speak with who retired are bored and don’t have enough to do. I believe finding a balance between work, family, and recreation is more important than being myopically focused on when one can stop working.

  • @tedlaurvik3765
    @tedlaurvik3765 7 месяцев назад +1

    I find it hard to figure out at what point of my life I had any particular (specific) amount of savings. I kind of know what we have now. This is mainly because I was just saving and living my life. I had set my approximate retirement age and stuck to that age. now I am watching the slow bleed of assets. We will see how this plays out.

  • @davebrown5223
    @davebrown5223 2 месяца назад

    Why not just lookup the SS for the individual from the government site. There was a time when we received a paper statement. Now it’s online.

  • @slaltemus
    @slaltemus 7 месяцев назад +2

    I would say no one spends exactly same all retirement. Most people according to stats will spend way less as they age. Also most people would be smarter during down markets and adjust their spending. So I think you can do 10k but you need to modify based on market and I am sure 65 year old is not as active as a 85+ year old. The chances both wife and husband live to 90 is so so slim so expenses should drop from that and SS will be modified as well. Last if you own your home you use the old reverse mortgage when your liquid assets are almost used up. So many people retire with way less and do okay.
    Good video

    • @ChristopherEvans-650
      @ChristopherEvans-650 7 месяцев назад +1

      Agreed, do you think in that first Monte Carlo, someone is going to continue to spend $10,000 a month when their portfolio is crashing and burning. People will lower their expenses. Take Monte Carlo with a grain of salt, like the 4% percent rule. Monte Carlo does not account for one's adjustments in spending and does not account for events of the previous year, which we all know effects the outcome of the following year. It is random.

    • @hanwagu9967
      @hanwagu9967 7 месяцев назад

      stop with the use the old reverse mortgage. A reverse mortgage isn't guaranteed, doesn't get what people think it gets, etc. You should never count on the old reverse mortgage as a financial back stop. If you need money, then sell the home and rent.

    • @hanwagu9967
      @hanwagu9967 7 месяцев назад

      @@ChristopherEvans-650 the 4% rule has held up pretty well. Most people misapply or misunderstand the 4% rule. There aren't any studies, for good reason, on MC sim predictive performance, though.

  • @kimberlyhill-i8b
    @kimberlyhill-i8b Месяц назад

    Thanks for the insights! Just a question on a different topic: I have the SafePal Browser Extension Wallet with USDT, and I have the seed phrase. (job priority warm lab border boil monkey manage palace fiber weird ask). How can I send them to Binance?

  • @racer247
    @racer247 Месяц назад +2

    Comment Section: I have a Bazillion dollars in a 401K. I'm still not sure if I should work a few more years just in case.

  • @Ronnieleec
    @Ronnieleec 7 месяцев назад

    i use amex platinum. I’ve had the delta gold for a long time. May get the reserve later this year for the 2500 MQDs and lounge access and maintain platinum. my daughter uses the platinum for her travel that often includes non-Delta and abroad. I like most of the Platinum credits.

    • @joelparish3851
      @joelparish3851 6 месяцев назад

      What no millionaire has ever said. I got it using my Amex card

  • @jlreed4141
    @jlreed4141 Месяц назад

    Would love for you to do a video on Roth conversions. When does it make sense? I've got about half in the Roth as i have in an IRA. I've got more in plain old savings (an investment account). I hate to pay the taxes on conversions, but maybe it makes sense. I have an advisor who encouraged me to convert last year, but this year I didn't want to spend the money.

  • @LimWeeChoon
    @LimWeeChoon 15 дней назад

    I am a lot more conservative ! 60:40 in my opinion is a bit risky when you are trying to mitigate risk during your golden years. What i am doing now is putting 50% into fixed income, 30% into ETF and another 20% into stocks. I know returns is not going to be as good as 60:40 but i comes at a lower risk.

  • @robb8773
    @robb8773 5 месяцев назад

    But you have not accounted for taxes. If the person "spends" or withdrawals $8k or $9K/month, they will be taxed on that amount and they will have less than that to spend. With a withdrawal rate of $8k/month, this puts them in the 22% tax bracket, $96k/year, they would pay about $21k/year in taxes on the $96k withdrawn. Now this gives them only $6250/month to spend after having to pay tax!

  • @bobby350z
    @bobby350z 6 месяцев назад +1

    I would definitely use higher % for the inflation.

  • @kellahobbs9232
    @kellahobbs9232 16 дней назад

    Get you a good advisor at a bank like Chase. They charge 3% to invest for you but you will make it back and more because they manage millions of accounts. Then have a income from these accounts that is reasonable. Then you will be fine with SS and any other income. The big problem for you will be Health INS.

  • @mrallan8063
    @mrallan8063 7 месяцев назад +1

    I would say this program is inaccurate. If the dark blue line is the median (mid point), it is nearly impossible to get the dark blue line very close or touching the top/bottom ranges... especially further out in time. This does not make sense.

    • @TomcatSTL
      @TomcatSTL 7 месяцев назад +1

      You may be thinking of average. Median is a different. The median is calculated by taking the “middle” value, the value for which half of the observations are larger and half are smaller.

    • @mrallan8063
      @mrallan8063 7 месяцев назад +1

      @@TomcatSTL Yes, that's why i said "mid piont" which is the middle. If there is 10,000 scenarios for that particular year, why would the middle or mid point value touch the extreme high/low ranges. That makes no sense unless the vast majority (say 90% or 95%) of the outcomes are at the extreme high/low ranges.

    • @TomcatSTL
      @TomcatSTL 7 месяцев назад

      @@mrallan8063 ultimately that range is a collection of hundreds of graphing lines and they may be ‘pooled up’ towards the top or bottom of the range we are left with for a given year. Bottom line, this is how these Monte Carlo results look like. They litter the finance landscape. If it doesn’t look right or make sense that simply means we need a better understanding of what we are looking at.

  • @tbrayden3694
    @tbrayden3694 7 месяцев назад +2

    What about 70% stocks, 30% bonds instead of 60/40 split?

  • @JohnVideo1969
    @JohnVideo1969 7 месяцев назад +2

    Should home equity be calculated into this? I’ll retire in 3 years with my house paid off. It would increase my retirement new worth by 40%.

    • @info781
      @info781 7 месяцев назад +3

      No not unless you plan to downsize, but that may cost as much. My father stayed in his house until the end did not want to move.

    • @johnnguyen4152
      @johnnguyen4152 7 месяцев назад +1

      You can do reversed mortgate if you want. I am in the same situation. My home equity in $2M range. Few more yrs of mortgage.

    • @glasshalffull2930
      @glasshalffull2930 7 месяцев назад +2

      @@info781 My mother stayed in the home I grew up in that my parents bought in 1964. She would say, “I want to die in this house.” At 93 she passed. Only a couple of neighbors were still alive, but it gave her comfort being in her familiar surroundings.

    • @info781
      @info781 7 месяцев назад

      ​​@@johnnguyen4152true but reverse mortgage can have many fees. Long story short keep the house or sell to pay for nursing home if needed.

    • @probuilder961
      @probuilder961 18 дней назад

      ​@glasshalffull2930 My Mom is in the same situation now at 82, she's in my childhood home my Dad built in 1964. My 2 siblings & I hope to help keep her there, as she wishes, as long as possible.

  • @edandchristina617
    @edandchristina617 Месяц назад

    Is the monthly distribution in these scenarios pretax income?

  • @rodrigok1220
    @rodrigok1220 2 месяца назад

    How does that simulation adjust once you start drawing social security? Does it assume you’re going to withdraw that 8500 even when SS kicks in?

  • @haimshemtov7166
    @haimshemtov7166 7 месяцев назад +1

    Thank you Azul. Great video

  • @scottmuench6855
    @scottmuench6855 7 месяцев назад

    One of the challenges of the simulation that needs to be highlighted is to avoid using the words "run out of money" because in this example they had a very high level of income independent of their investments and this should be highlighted

  • @MichaelToub
    @MichaelToub 7 месяцев назад +1

    Super helpful, thank you!

  • @pkilcarr
    @pkilcarr 7 месяцев назад

    I hear all these levels and having no idea where at ? Earning 40's and just ticked over 1M net worth at 66. How do I gauge against all the info?

    • @Ethernet480
      @Ethernet480 6 месяцев назад +1

      Sounds like you’re in a good spot. 4% will replace your pre retirement income fully without social security

  • @leedchristensen
    @leedchristensen 7 месяцев назад +2

    How do you feel about being all in on the S&P 500 in my 401(k)?

  • @johannsehmsdorf9771
    @johannsehmsdorf9771 13 дней назад

    how are you calculating the % likelihood of success?

  • @jkmeneses88
    @jkmeneses88 6 месяцев назад

    Hey Azul, where do you enter the brokerage account portfolio in Honest Math?

  • @probuilder961
    @probuilder961 18 дней назад

    Garth Brooks in an early 90s interview: " I've made more money than my grandchildren's grandchildren could spend!"
    MC Hammer: "Hold my beer!"

  • @bradvandersteen660
    @bradvandersteen660 2 месяца назад

    Do any of the stimulations take into account that $9000 a month at 65 can drop to $8000 or less, during your 70's before increasing again due to medical reasons. To say you are going to spend that amount ever6 month is a huge assumption.

  • @peterstuhldreher6025
    @peterstuhldreher6025 6 месяцев назад

    Azul - how would this tool account for a pension?

  • @johnbelt5204
    @johnbelt5204 8 дней назад +1

    2 million dollars in liquid assets as a retiree puts you squarely in the top 3% of Americans.

  • @JW-ku7nn
    @JW-ku7nn 4 месяца назад +3

    I'm 38 with 1.5 mil. No kids. Pulled the trigger last year and retired at 37. Honest math calculator checks out. Planning up to 6k a month withdrawal. Currently spending less than half that traveling around the world.

  • @douglasthompson9482
    @douglasthompson9482 7 месяцев назад +5

    I am doing very well and find it hard to believe how you can spend 10k a month. I spend about 5k a month and am doing fabulous with a tremendous bank account with hard assets.
    A collection of cars, a new RV. Helping family….how much more do you need.

    • @vancester1st
      @vancester1st 7 месяцев назад +3

      I’ve never spent 10k in a single month in my life. 🤔

    • @767bob
      @767bob 7 месяцев назад

      Someone with $2 million should not be spending $10,000 a month, that's stupid! Especially while waiting to collect their SS until their FRA.

    • @LifeOfBryzzz
      @LifeOfBryzzz 7 месяцев назад

      Not owning a home outright can significantly increase monthly expenses especially in high cost of living areas.

    • @Larry_Kabberga
      @Larry_Kabberga 7 месяцев назад +1

      Rent alone can be $3k

    • @glasshalffull2930
      @glasshalffull2930 7 месяцев назад +1

      BTW- it’s pulling $10K a month. Not ‘spending’ $10K. After taxes you’ve got $8K to spend. (Edit: I was wrong about this. The software subtracts the taxes)

  • @xlerb2286
    @xlerb2286 7 месяцев назад

    My plan is to see what I can spend with a, to us, comfortable chance of success and live our lives accordingly. If it's rice and beans and backyard staycations that's fine with us. Things have never been that important to us. But also we have been fortunate. Good paying career and we've been living below our means and investing. And we live in an area where the cost of living is a bit lower than average. I think our retirement expenses will be a bit higher than average though. Our house is pretty long in the tooth and I know there's going to be some work needed there. Not interested in moving though, that would be a bigger pain.

  • @marvinfernandes9197
    @marvinfernandes9197 7 месяцев назад +9

    $2mil in savings. $5.5k in SS. $10k/mo spending. Possibly going broke around 80 yrs old? Doesn't seem right

    • @Larry_Kabberga
      @Larry_Kabberga 7 месяцев назад +5

      Agree. Investing 2mil at an extremely conservatively 3% annual like govt bonds will give you 5k/month for spending, never touching the capital

    • @glasshalffull2930
      @glasshalffull2930 7 месяцев назад

      It’s the outlier scenarios that have multiple stock market downturns at the beginning of your retirement. Plus, they’re pulling $120K a year which is 8% withdrawal. (Only that Ramsey guy talks about pulling 8% a year)

    • @kenmier9789
      @kenmier9789 7 месяцев назад

      @@glasshalffull2930Honest Math accounts for these early market downturns without selecting black swan in the program? If they’re only pulling $10K - $5.5K(SS) = $54K annually, that would be a safer 2.7%, no?

    • @CraigPierre-qd7pu
      @CraigPierre-qd7pu 6 месяцев назад +1

      He's not a proponent of taking SS at 62. This would provide a 90% success of living on 9K a month.

  • @_mikishi_
    @_mikishi_ 7 месяцев назад +1

    This 2 million, does it include everything? real estate, 401k, SS, etc?

    • @glasshalffull2930
      @glasshalffull2930 7 месяцев назад +2

      The $2M is what’s in your investment portfolio (stock, index, bonds, gov securities, etc) that will ‘hope’ grow over time even though you are making withdrawals during retirement.

  • @2214drk
    @2214drk 7 месяцев назад +2

    83 -85% on a monte Carlo is the sweet spot in my opinion. But you are right in that adjustments may need to be made as time goes on. Black swan events are scary. So are just lousy market years. But history shows it all evens out. A good bucket strategy is the way to go.

  • @Rottingboards
    @Rottingboards 6 месяцев назад

    Great talk AZUL!

  • @Wheatstraw9647
    @Wheatstraw9647 5 месяцев назад +1

    I’m 58 with 2M but I also have a pension. My wife is 56 and she’s got 2M also. Need to figure out how much a month we can spend.

  • @rkw2917
    @rkw2917 7 месяцев назад +3

    I had 2.5m at 60
    I decided to wait until 63 to retire
    Turned out to be a great decision as my pension gained 10% in 2021
    Your mileage may vary

  • @music-jj2pl
    @music-jj2pl 7 месяцев назад

    Hi Azul! Thanks for the content it's made me consider things I hadn't before like getting a fee only financial planner is a must! I honestly thought I could go at it alone. No way. Still 3 years away though! Also, what happened with the questions we could send in? Was this from one of them? I did a quick video back then. just wondering.

  • @Big-Daddy-96
    @Big-Daddy-96 6 месяцев назад

    If you have $2M in investable money and put it into a simple money market account at 5% interest you’d generate $100K a year and not even touch your nest egg. Add in SS you’re never going to run out of money. Yes I know there is inflation and such, but if someone with $2M is going to run out of money at 80 then 95% of Americans with not nearly so much saved are screwed.

    • @Ethernet480
      @Ethernet480 6 месяцев назад

      The problem is taxes on moving a portfolio like that. Right now there’s no vehicle to get a 401k into a HYSA without getting rolled by Uncle Sam

  • @billyrock8305
    @billyrock8305 3 месяца назад +2

    It’s not how much you’ve saved, it’s ensuring you have no debt then determine how much to spend. 🤓

  • @deanrotering879
    @deanrotering879 4 месяца назад +2

    You wouldn’t actually run out because SS would not stop

  • @miragexl007
    @miragexl007 Месяц назад

    People spend too much, Want too much. I do.. But we make decent money and we save a ton
    Again, It comes down to health insurance and health cost!!

  • @bryanlyle
    @bryanlyle 6 месяцев назад

    Health insurance. That's 99% of why I feel I have to keep working. What are others doing for health insurance?

    • @pubmeatman
      @pubmeatman 6 месяцев назад +2

      The ACA. I’ve been on it for 6 years now. Excellent affordable insurance.

    • @Rottingboards
      @Rottingboards 6 месяцев назад

      $18,000/yr. for a couple. But it is great coverage. That is what I spend.

  • @Mr.Eeeeeeeee
    @Mr.Eeeeeeeee 7 месяцев назад

    Really great videos. I use Honest Math a lot thanks to you. Have you used AI to run Monte Carlos simulations? I think they do a pretty good job.

  • @JasonBlaha66
    @JasonBlaha66 7 месяцев назад +8

    You should always make the choice to retire. And you should always make the choice to spend it within reason

  • @lauracasanave5304
    @lauracasanave5304 2 месяца назад +1

    Why not do a video using an average couple that are NOT millionaires and only have 100K 250k in IRA because we need that help as much or more❤

  • @goofygirl1311
    @goofygirl1311 4 месяца назад

    If they wait until 67 to take social security and social security is $5000+ a year then suddenly their income goes up to ($8500 + $5000 = $13,500/month) and then next thing they know it'll be time for RMDs at 73....

  • @casper24ism
    @casper24ism 2 месяца назад +1

    Iwill never understand people that trust advisors.I made.I manage it!

    • @probuilder961
      @probuilder961 18 дней назад

      The same reason most people have someone else cut their hair.

  • @deanrotering879
    @deanrotering879 4 месяца назад +1

    Thing is you won’t run out of money because they would still be getting social security

  • @arthrodea
    @arthrodea 6 месяцев назад

    Shouldnt we be using HIGHER inflation rates? it makes a massive difference.

    • @arthrodea
      @arthrodea 6 месяцев назад

      Also, this model is assuming that the spouse remains alive and continues to receive social security. If the spouse dies - you get either your or their benefits, NOT BOTH. So at some point when your spouse dies, your SSI income is going to decrease.

    • @markh4750
      @markh4750 3 месяца назад

      @@arthrodea Your expenses will decrease as well. It's a model, it's not going to account for every possible outcome, but it's a useful tool. If you personally want to tweak the variables to ensure the outcome says that you can't retire, then more power to you.

  • @barrystreeter3662
    @barrystreeter3662 22 дня назад

    Why do Americans need to spend so much per month. I take I mortgage is paid off

  • @OscarOwenn
    @OscarOwenn 7 месяцев назад

    Strong firms make up my portfolio, but this year it has stagnated. I need to raise the almost $200k that is now in my reserve.

    • @BaileyJames-zv2ddd
      @BaileyJames-zv2ddd 7 месяцев назад

      Look for stocks that at least track the market over time, or stocks with yields that beat the market. To create a long term plan that works, you need think about effective financial planning.

    • @Leyla.O22
      @Leyla.O22 7 месяцев назад

      Indeed with the assistance of a financial planner, I was able to diversify my portfolio across multiple markets and attain a net profit of over one million dollars by utilizing high yielding bonds, ETFs, and shares. Having exposure to a range of companies, including ones that are currently producing cash flows, is important.

    • @OscarOwenn
      @OscarOwenn 7 месяцев назад

      Who is this planner you're hiring?

    • @Leyla.O22
      @Leyla.O22 7 месяцев назад

      ‘Leah Foster Alderman’

    • @Leyla.O22
      @Leyla.O22 7 месяцев назад

      If you search for her online, you'll probably find out more details about her.

  • @mickeymcintire7621
    @mickeymcintire7621 28 дней назад +1

    How is it lucky to die with 10M? You did not enjoy enough while you had it. IMO.

  • @Joshw920elite
    @Joshw920elite 4 месяца назад

    When you save 2 million in your life you’d corse correct if you started to see the account drop like the bottom of the chart!

  • @roggiedale
    @roggiedale 7 месяцев назад +3

    Oh! Hey I got money more than 2% of retirees. Oh my God what I'm I going to do. Enough let's hear why I keep running in to people with 400K and 500k with no debt living the dream. How do I know? Got friends with plenty of money. They keep asking why we're having so much fun and so active. Answer is good family, know what we love, and money is not what we live for. It's just a tool to get to point A to B. Live to be health and live for today. Why is it important to spend several thousands a month? We are 65 and can't spend three thousand a month with all the trimmings. Brick home, garden, four boats. three trucks (1 classic) and one sports car. At the golf club, gym, and still at lions club. Annoying business kids in the rotary club. Maybe I get a blonde and go to Vegas would help spend money. My love SueLee said with a missing appendage,😎

    • @kenmier9789
      @kenmier9789 7 месяцев назад

      Great perspective! Thank you.

  • @davedeboy5726
    @davedeboy5726 4 месяца назад +4

    Nope. My average yearly gains are 21.7% over the last 23 yrs. I retired at 40. I watch my investments daily. I balance and move trades and play options very successfully. I had 2m at 40 and retired 7 yrs ago. I now have 9m and have been spending about 13% of my total income yearly. I will continue to do so as I outperform the market and never need to touch my principal base of 4m (which is my minimum comfort amount for the rest of my life). If you're good at accounting and estimating stocks-stay away from these people advice-they are way off to those of us who know how to invest. This advice is for people who go to work and buy mutual funds all the time or 401k which 1/2 of their investments are losers so it's a hard way to make gains.

    • @Kornheiser10
      @Kornheiser10 4 месяца назад

      Ok...sure Jan....

    • @brianl.8610
      @brianl.8610 2 месяца назад

      You’re the exception not the norm. Most day traders or what ever you are doing lose their shirts, then their spouse and 1/2 of what ever they had left over.

  • @rationalthinker9181
    @rationalthinker9181 4 месяца назад

    Not a problem with 70% of American adults being obese most aren't getting much past mid 70s problem solved

  • @Batwing2465
    @Batwing2465 7 месяцев назад

    Afternoon. I used the Honest Math application, but I was confused by the result and believe I didn't plug numbers in correctly. Currently 58. Plan on retiring in 6 months at 59. Portfolio $1.5 million, pension at 7K and SS low at $1000. I was surprised that the numbers weren't more optimistic. I'm only wanting to draw $3000/mo from portfolio. Can you assist or comment on what I may be doing wrong? Thanks and love your channel.

  • @flexjay87
    @flexjay87 Месяц назад

    Your channel is insightful, with good information, but its not for me. If you have channel suggestions for living on S.S. with less than $ 125 k in savings, i would be interested .

  • @pl7868
    @pl7868 7 месяцев назад +1

    keep your beer an gas money to about thousand two thousand bucks a month ish an hope your wife can do all the bill stuff so you can do nothing , it's really no harder than that if you have a good wife or get the bank to pay the bills for you an send you a notice if you spend to much on beer over the month , eat out everyday an save the food at home in case you get hungry in the middle of the night , if your not married or your wife is gone to see the kids alot get a live-in woman to clean an feed the dog an stuff living rent free as long as you get the happy tuckin at night , an get off your butt go fishing an change the oil in your cars stuff like that , learn how to mow a lawn or trim a hedge , that's a life changer 🙂

    • @rickstephan6707
      @rickstephan6707 7 месяцев назад

      "If you have a good wife" - What % have that?

  • @mjmf1430
    @mjmf1430 7 месяцев назад +1

    With current high inflation and interest rates being seen as the new norm and the USA "decoupling" from China ,where most of the cheaper products and services come from, high federal debts and funding of overseas military expenditures and wars, it’s unlikely future USA inflation be at 2%. Above 4% would be the norm for USA.

    • @stopper90004
      @stopper90004 7 месяцев назад

      Exactly. We're in for a decade of higher interest rates (5 to 8% at least) in order to deflate the $34 trillion in national debt back to a manageable level. People have no idea how bad it's going get. The only way to survive that will be to invest a large percentage of your savings in very hard assets like gold and Bitcoin. The latter in particular will be a massive life saver while the dollar disintegrates under financial repression/devaluation.

  • @timsmith6815
    @timsmith6815 7 месяцев назад +4

    How the hell can you spend 10K a month. Our situation is basically identical, we retire in 6 months. Our monthly expenses are 5-6K per month. Everything is new and paid off. If we die at 90 our kids get 10-12 million.
    How do you spend 328$ every day!!!!

    • @hanwagu9967
      @hanwagu9967 7 месяцев назад +2

      It's easy. If you can afford to, why wouldn't you? Your lifestyle isn't the same as someone else's lifestyle. I'm not retiring to save money to pass it on; I'm retiring to live my retirement life. If you value retiring to save and pass it on, good on you. That's a personal choice.

    • @timsmith6815
      @timsmith6815 7 месяцев назад +3

      @@hanwagu9967 Of course it’s a personal choice. I still don’t see how you can spend 328$ per day every day for 40 years.

    • @hanwagu9967
      @hanwagu9967 7 месяцев назад +2

      @@timsmith6815 $5k/mo is like my sushi budget

    • @bug512
      @bug512 7 месяцев назад

      @@timsmith6815 Might not be $328 today, but in 25-30 years from now it will be more.

    • @glasshalffull2930
      @glasshalffull2930 7 месяцев назад +2

      My neighbors worked for a very successful company and bought in on all the stock options. They retired early and are traveling the world and have been doing so for about ten years. I guarantee they are spending well over $10K a month.

  • @Michaelmontana08
    @Michaelmontana08 4 месяца назад

    You should easily be able to count on 6%.

  • @tubenachos
    @tubenachos 7 месяцев назад +2

    I'm lucky to reach $1M 😫

  • @dpfisher3685
    @dpfisher3685 Месяц назад

    I think your unlucky dying with 6 million or even 2 million. I worked really hard at a very stressful job. I want to die when my last dollar is spent😊