Read this interesting article from the WSJ
https://www.wsj.com/articles/heres-what-a-2-million-retirement-looks-like-in-america-11661702455It profiles several individuals at various stages of life, but who are all retired with somewhere between $1,000,000-$2,000,000. I found the article fascinating. Many of these individuals clearly had relatively good paying jobs, and continued to work for a very long time.
In some instances I found it shocking that they had only saved up $2,000,000 (or less) over that period of time. Yet, their current spending seems to be lower than what they had prior to retiring. Proof that when you are retired you will need less, and care about less as well.
A few takeaways - not retiring until age 81, not for me.
Earning $110,000 and giving away $25,000 is awesome! I also love this lady’s quote “ With two homes, Ms. Hall rarely travels, but she hopes to visit Ireland and Australia next year. Otherwise, she said, she’s more interested in downsizing than spending. “I don’t want more stuff,” said Ms. Hall.”
Sooo true….
I wonder how much more many of the individuals profiled would have had if they lived a mustachian life. I also wonder if they would care in hindsight….