A million is more than enough, but it really depends on lifestyle

Let's assume some form of SS + Medicare (can't assume 100%, but safe to assume *something* will exist).

So in addition to your $1M, you've got the SS + Medicare.

$1M probably won't last forever in major metro area -- but if you're willing to re-locate (even overseas), you should be fine on $1M.

But I'll admit, easier said than done -- many people don't want to leave family, friends, hobbies, etc.

In response to this post by typed by ben

Posted: 11/16/2017 at 09:19AM

1 in 20 Americans are millionaires, but here's the flip-side. -- HWA 11/15/2017 4:33PM

I wonder how many Americans over 60 are millionaires. -- YBYSAIAHokie 11/15/2017 8:41PM

Here.... ** -- VTUD 11/16/2017 11:57AM

There.... ** -- YBYSAIAHokie 11/16/2017 2:53PM

If you start saving when you are 20, it is kinda hard to NOT be a -- Tafkam Hokie 11/15/2017 9:30PM

A lot because per thecreport a lot of the wealth reported is tied -- 133743Hokie 11/15/2017 9:17PM

The true definition should be,and is by -- VTUD 11/16/2017 12:01PM

For somebody my age (36), a million isn't going to be enough to retire -- typed by ben 11/16/2017 06:31AM

A million is more than enough, but it really depends on lifestyle -- HWA 11/16/2017 09:19AM

I just don't see it. End-of-life care is extremely expensive NOW -- typed by ben 11/16/2017 12:08PM

Not to get too UWS, but I'd argue some end-of-life care = lifestyle choice -- HWA 11/16/2017 12:28PM

Reminds me of the line from Con Air -- HWA 11/16/2017 12:31PM

Certainly true. Even assuming no extraordinary measures are taken -- typed by ben 11/16/2017 8:49PM

If you relocate overseas, you won't have Medicare, correct? ** -- Hokie360 11/16/2017 11:24AM

Just re-locate to country with "free" healthcare, problem solved. ** -- HWA 11/16/2017 11:32AM

No surprise. Irresponsible Baby Boomers (the Worst Generation) -- ModerateHokie 11/15/2017 8:38PM

Compared to millennials by 895k homes... -- banishedtothelounge 11/16/2017 08:43AM

Millennials and Boomers both suck. Us X'ers are getting holding this place -- ModerateHokie 11/16/2017 8:26PM

Utter, complete BS. -- 133743Hokie 11/15/2017 9:14PM

If the government doesn't screw up the economy first. -- YBYSAIAHokie 11/15/2017 9:41PM

First time in over 8 years we've had 3% growth in the economy. -- HokieHeartNSoul 11/15/2017 10:06PM

I don't trust the government to get anything right -- YBYSAIAHokie 11/15/2017 10:31PM

Well, if the shoe fits--no matter who's in charge. ** -- HokieHeartNSoul 11/16/2017 08:42AM

Way too defensive. And the wealth transfer is a sheer function of inflation ** -- ModerateHokie 11/15/2017 9:36PM

How is rhe wealth transfer a function of inflation? -- 133743Hokie 11/16/2017 07:19AM

Defensive?!?? Your post offended to the nth degree ** -- VaAkita 11/15/2017 9:49PM

Many RV'ers here for winter months -- daisyWV 11/15/2017 5:29PM

Are you friends with Jesco White the Dancing Outlaw? ** -- TexasGobbler 11/15/2017 6:19PM

I know 1 couple in WV that lives in their RV in Parkersburg -- grill to chill 11/15/2017 4:42PM

HokieDan95 & I shared a rig for a spell down in the holler... -- daisyWV 11/15/2017 5:30PM

I follow an older YouTuber who lives in a van by choice -- hokeyhokie 11/15/2017 4:46PM

And Will lives in a van down by the river or so I heard..... ** -- aint2Hokie4me 11/15/2017 4:53PM

Dang. Will = squatter in our old van down by the river* ** -- daisyWV 11/16/2017 09:05AM

Steady diet of government cheese ** -- HokieDan95 11/15/2017 6:36PM

Yeah, but he fixed it up right nice. -- YardBird 11/15/2017 5:13PM

A million is more than enough, but it really depends on lifestyle

Insert a Link

Tech Sideline is Presented By:

Our Sponsors