this post was submitted on 22 Jan 2024
1377 points (97.8% liked)

Microblog Memes

5778 readers
2433 users here now

A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.

Created as an evolution of White People Twitter and other tweet-capture subreddits.

Rules:

  1. Please put at least one word relevant to the post in the post title.
  2. Be nice.
  3. No advertising, brand promotion or guerilla marketing.
  4. Posters are encouraged to link to the toot or tweet etc in the description of posts.

Related communities:

founded 1 year ago
MODERATORS
ReadyUser31@lemmy.world
aeronmelon@lemmy.world
1377
Dont get it twisted. (lemmy.ml)
submitted 9 months ago by Grayox@lemmy.ml to c/microblogmemes@lemmy.world
241 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] Pipoca@lemmy.world 11 points 9 months ago (1 children)

It's generally considered safe to withdraw 4% of your nest egg each year. Someone with 2 million can support an 80k/year retirement.

The average multimillionaire is literally just any person with a six figure salary who has been saving for retirement and is nearing retirement. You basically can't retire without at least being a millionaire.

[โ€“] assassin_aragorn@lemmy.world 5 points 9 months ago

Yeah the big difference is now much it takes to amass that money. If we have a capitalist system, there's nothing wrong with workers saving money to retire with a few million.