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re: Am I early retirement ready? Updated
Posted on 7/27/18 at 7:55 am to Upperdecker
Posted on 7/27/18 at 7:55 am to Upperdecker
quote:
. The majority of families in America survive on $56k or less.
That has no bearing on whether he can retire or not and you know that.
56k and year a million dollars aren't that much if he wants to put his kids through college debt free and, let's say, pay for a wedding. He already said he'd like to travel some as well. On average he should live nearly 40 more years so while he's well ahead of the game, I don't see him really being all that close to retirement.
Posted on 7/27/18 at 8:12 am to Mingo Was His NameO
I think FIRE Calc is a good resource everyone should mess with.
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