$120k/yr is a very healthy retirement after you have paid off assets and lower expenses. Yes it’s enough, unless you’re unlucky with health issues which would be a problem if you were at $200k/yr as well.
this post was submitted on 01 Mar 2024
29 points (96.8% liked)
FIRE (Financial Independence Retire Early)
1134 readers
1 users here now
Welcome!
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This makes too much sense. Two classes between the haves and the have nots is desirable to the ultra wealthy.
It’s alarming that you can do everything right, put yourself ahead of 90% of the population, financially speaking, and still end up broke.