re: More on how much is enough to retire......

***BUMP***

I am curious to see if peoples answers changed based on inflation the past year.

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Need $10M. shite ain’t cheap in the northeast

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Which is exactly why ill never retire in the US… im looking at SE Asia, specifically Thailand or the Philippines.. your $$ goes about 10 x further in those places, even after accounting for airfare to come home once or twice a year….. retire early and enjoy life, unless you REALLY love whatever you do for a living .

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As I posted in an earlier string, I’m not looking to live an extraordinarily luxurious life in retirement. I’d like to go to most LSU away games for football, maybe a couple of weekend series of LSU baseball per year, and play golf 3 to 5 times a week. I’d like to join a very non-exclusive, relatively inexpensive country club to play golf (e.g.. Beau Chene). Other than that, I’d like to go on 2 one week foreign vacations per year. I don’t need to stay at the Ritz, I’m fine with staying at clean, name brand hotels or motels.

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I can assure you that what you describe is not a typical retirement in Louisiana. , back to work.

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I am curious to see if peoples answers changed based on inflation the past year.

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My answer from last year has changed due to inflation and due to that I think it would be a mistake to develop market return projections for the next few years based on the standard 7% average.

At this time last year, our magic number I was thinking we'd hit around 50 years old. Now, I'm thinking it's going to be 53 or 54. Due to 1.) Needing more of it to account for inflation 2.) When projecting how much we'll have in 10 years (I am currently 43), I was using a 6-7% return. I've started to run projections based on a more conservative 4-5% return instead.

I've stated this in another thread, but - our magic number is based on that I'm assuming if we retire in our early to mid 50's, we'll obviously need that money to last longer. And I'm taking into account that we may never see a dime from social security.

Basically - I'd rather be safe than sorry.

I always assumed we'd stay stateside, but the notion of becoming expats is growing more and more interesting as time passes.

As a few others have said, I want to be comfortable and worry free in retirement. And given all I've said above, if our choices manifest to having to move abroad to do that as opposed to continuing to work because money is worth less in the U.S. - we're going abroad.

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I have heard that the women in Colombia are some of the most beautiful on Earth.


I am somewhere in between the two groups of guys you mentioned .. im mid 40s, so not old enough to retire (though i could defintiely see doing a semi-“retirement” like yourself) but definitely not a young baller.. i am looking to make the leap out of the US in my late 40s, almost 50, so would def need a source of income to supplement my investments and passive income streams, until SS kicks in early 60s…. I am having a hard time figuring out how to make a living online; my career has been in medical /healthcare sales, remote- but requiring me to physically be in a geographic territory.. if you’re feeling charitable, let me know two or three ways you or guys you know make a living online that is independent of being in a particular time zone or whatever, thanks .

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Be more specific about what you do. Regardless, if you are working for a company making $100,000 a year and you can provide the same value to them remotely, they would probably at the very least accomodate you at a lower pay.

Even $50,000 a year and living here is living the high life.


Myself, I am in government contracting now and have real estate investments.

I typically complete a few large projects per year that require me to fly home every few months but other than that, I am staying here.

And yes, the women...stories for the OT, not the money board.

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Be more specific about what you do.

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not to sell myself short, im good at what i do- but it’s not a situation where my company would let me work from another country, since i have to see customers weekly.. SO ill most likely start a business or work remotely for a company, where i dont have to be there in person, or necessarily in the same time zone.. just having a little trouble figuring out the nuts and bolts of what that would look like , and trying to get some ideas .

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Regardless, if you are working for a company making $100,000 a year and you can provide the same value to them remotely, they would probably at the very least accomodate you at a lower pay. Even $50,000 a year and living here is living the high life. Myself, I am in government contracting now and have real estate investments. I typically complete a few large projects per year that require me to fly home every few months but other than that, I am staying here.

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TBH i dont need much, if i could just figure out a way to get $2,000 a month coming in (the key being *consistently*, without depleting my investments or savings) i could easily make it work in Thailand, or maybe even in a place like Colombia .

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And yes, the women...stories for the OT, not the money board.

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I can only imagine





Couple more questions in re to Colombia- what areas would you recommend for an expat? I was thinking that Cartagena seemed nice, and tropical…. And how important is it to speak good Spanish ? I have next to no desire to learn another language.. Thanks

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10% RoR

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You expect this?

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quote: 10% RoR You expect this?

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Anyone that expects this is ignorant of how market cycles work. Sure, some get very lucky and their time in the market works out for them. But long term down trends actually occur, and it won’t always work out for everyone.

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As for the Spanish/foreign language thing

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You can’t compare learning a language like Spanish when you are immersed in it daily living in a country where that is the native language to some high school or college language class. You can learn some useful language skills without really trying.

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Which is exactly why ill never retire in the US… im looking at SE Asia, specifically Thailand or the Philippines.. your $$ goes about 10 x further in those places,

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Yeah but you gotta eat like spiders and roaches and shite right?