Does retirement remain a viable option in today's America?

[glitch99]

@scripta

You could easily find a place to retire pretty much anywhere for less, especially outside of the US (healthcare and housing is too expensive).

I know it’s just recently rates have bounced to these levels, but $1M will throw off about $50k/year in interest income. That’s an above average salary in a majority of the country. And it’s worth more than a salary; you still pay income tax, but there is no social security withholdings.

@scripta

The chart should be compared with the respondents’ current income and net worth. I bet there’s a correlation.

Plus family size. And I suspect that there’s a lot of influence from what the respondents’ dream retirement would be like, rather than merely what they need to maintain their lifestyle without a weekly paycheck.

[TravelerMSY]

Dang. I quit early with way less than that. Didn’t get the memo.

[TravelerMSY]

Got to be purely general advice without being adjusted for regional COl. Retiring in NYC has got to be way more than New Orleans. And while my neighborhood is New Orleans is gentrified now, I’m paying housing prices from 2004 when I bought.