[lotsofpulp]

>You don't need THAT much money to retire. You can put all your money into the stock market, then withdraw 4% per year and live off it and reasonably expect to live like that indefinitely, since the exponential growth of your savings will balance out the ongoing withdrawals and inflation.

>At $40k a year you could retire with $1M saved, which could be doable in 10 years of saving FAANG money pretty comfortably.

It depends what kind of securities you are buying and where, especially if you want to secure your kids’ future (their education/healthcare/land/legal risks). I also think a 4% withdrawal rate is too optimistic given the demographic changes that are projected to occur, I am using 2% for my calculations.