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by kelnos
1653 days ago
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Kinda hard to make that call given you don't know what kind of lifestyle OP is accustomed to, or where they even live. At any rate, it's not $600k, because OP is going to retire in 30 years. Reasonably invested, I think you could get that up to $2.5M or so by then. And presumably OP won't be spending every cent of income over the next 30 years and will continue contributing to that nest egg, even if modestly. A 4% withdrawal rate is probably safe if the retirement horizon is only 25 years. On $2.5M that's $100k/yr, which is plenty for most places in the world. Yes, inflation complicates things somewhat, but I think OP will still be fine. |
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Well, they are 35 years old and have $600k, which says something.