[Jabbles]

Your choice of numbers is very odd - even though you mention that you can adjust them for your own circumstances, the starting point is unrealistic.

- Very few people earn $1.5M/year

- Saving 20% implies that you're spending ~$1M/year while working, so $150k/year in retirement would not be appealing

Did the LLM pick the numbers for you?

[oldandboring]

Whoosh. You missed the point completely.

Of course very few people earn $1.5M/year. That's my point -- the poster I was replying to was naively thinking they could just work hard for a tech company and save for 10 years and then live off the passive income of the saved investment, which is silly.

The rest of the numbers were conservative figures I chose. $5mm to retire, 20% saved while working, $150k/year passive income. The whole point is that what he's describing is pretty unrealistic.

[poikniok]

Whoosh. You missed the point completely.

How did you choose "20% saved while working" as a number? Why not 80%?

[none4methx]

You’re both utterly thoughtless since you’d consider withdrawing money rather than taking taking relatively low interest loans out against that equity, leaving the bulk of your millions to appreciate longer

I mean, you’d be terrorizing the economy, but that’s also what you do when you eat food grown and prepared by people with inadequate labor protections, so why not take the red pill and double down on being a true slave-supported neo-Athenian?

[poikniok]

Interactive Brokers (one of the best) has margin rates that are 5.17-5.83% at the moment depending on the size of the loan. Whether or not you want to pay rates like that and be potentially leveraged in the market, is a personal question. Not sure what any of this has to do with terrorizing the economy though ...