[astura]

You're completely missing the point.

> being frugal ... 30k in annual expenses

Requires budgeting and is a bit of a standard of living lower than most people would prefer. Especially if they got kids.

Plus how you going to live in SV on $30,000 a year when rent alone is that much?

> 7% average returns

So requiring those 10 years are during a bull market.

There's a big difference between "work at a startup for a good salary living an average life for 10 years" and "live in a shoebox with 10 other guys, eat nothing but lentils and beans, and own no possessions for 10 years"

[sobani]

> > 7% average returns

> So requiring those 10 years are during a bull market.

If your bull market includes the 2008 crash, then yes.

"The last decade provided an average return of 6.88% in the stock market. The lower return takes into account the tremendous loss the market took in 2008." https://www.creditdonkey.com/average-stock-market-return.htm... (question 2)