The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retire Early CampFIRE

URL:  http://boards.fool.com/one-could-easily-live-where-i-live-on-20706897.aspx

Subject:  Re: Retirement Confidence Survey Date:  4/30/2004  9:56 AM
Author:  2old4bs Number:  166184 of 744442

One could easily live where I live on $25,000/year

But 25K/year would require receiving maximum SS benefits (approx. 23K/year), plus having about $40K in savings (at a 4% withdrawal rate). 29% in the survey had less than $25K in total savings, and most of them probably won't be receiving maximum SS benefits. I think that's what MizL was referring to...

2old

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us