[taude]

I'm curious what industries are you going to switch to, and it is just to get like healthcare, or soemthing...

I've been contemplating the same. Saved my whole life. But I still don't feel like I have enough saved for a long retirement (i'm in US, and not planning on moving abroad for cost of living improvements, like you hear so many people around here tout).

[coldtea]

>and not planning on moving abroad for cost of living improvements

How about quality of life improvements? Or life in general?

[siren2026]

how much have you been saving so far? I talk to a lot of people that saved 10M$ and still feel this is not even close to enough.

[taude]

Ha, if I had $10M, i'd be way gone. Pretty sure I could live my lifestyle for the next 30 years on that. I could live it on $5M, pretty easily. But where I'm at, I'm at the fringe, even if I have to move to Canada for healthcare when I'm old. And I'm saying this from having a house paid-off (where the taxes went up something like 40% last year -- and I'm guessing will keep going up?).

I'm not convinced living in the US that all the financial planning algs that big finance institutions are using and going to hold up in the future, and curious how it works for a whole generation. But time will tell. So far the cycle always corrects itself. I'm especially curious how it works when there's going to be a lot more early to mid-50s employees being forced into retirement, who are going to be living a long time, yet.

I'm especially paranoid about my prospects of retirement if the market dives 50%. It's happened in the past, and plenty of old hacker news articles about how it really screwed up people's retirement plans. Look back at Stock market returns for some tech companies from 2000 - 2014. That's a big span to fill.... ( I think I read somewhere that the market return for 2000 - 2010 was just over 1% year, someone should fact check that, though).

[niij]

If $10M or, hell, even $2M doesn't seem close to enough then there is no amount to satiate one's thirst for more money.

[siren2026]

A lot of people wouldn't know what to do without a job. Always going for more $$ is a way to save yourself from having to discover what you really want to do with your life.