I spoke the other day about rich people whingeing that they don’t have enough to retire in luxury. In today’s news there is a 67 year old man who hates his job and wants to retire. However the poor thing only has $700K saved up. This only gives him $28K a year in interest. Poor old dear still hasn’t paid off his mortgage so how will he manage on that?
How the other half live.
We don’t know the gender of this person
Rule of 4% is just for a period of 30 years. The math doesn’t become less correct based on age. It was originally conceived in 1994 for people retiring 62-65. With increases in life expectancy since then I don’t think 67 is too far of a stretch to apply it.
Wow, you’re right. A lot of people in these comments have said they’re a man, but it doesn’t actually say that anywhere.
I was going off of this from OP, I thought they knew this person personally and didn’t see the hyperlink