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by mysterypie 853 days ago
For how many years had you been earning the $560k ballpark? Had you kept it up for 10 years total, another option would have been to retire permanently, move someplace cheap, and live happily ever after.

To flesh out some numbers: $560k minus $100k in taxes, minus another $100k for living comfortably per year, leaves $360k that you can save each year. If you earned 4% on that savings, you have about $5M in 10 years. If you moved somewhere cheap worldwide, you could live lavishly spending $100,000 a year for 50 years. I say lavishly because you are living someplace cheap and this is $100k after tax.

(Assuming no extreme inflation or hyperinflation, and that your funds remain invested.)