No. of Recommendations: 1
how the heck does anyone ever retire?

Multiple income streams help. In our first full year of hubby's retirement (I'm already retired), we expect to live on:

50% Social Security
40% investment income
10% pension income from 2 tiny pensions

Hubby might also teach one or two classes for one semester per year for an additional income stream.

My grandparents lived in NYC on a tiny SS check (and a little help from my parents). My parents--now just my mother, lives on equal parts Social Security and Mom's pension taken as a lump sum and invested.

It helps to live low on the hog, perhaps in a small house with a paid-off mortgage, with cheap hobbies and so on. With low expenses, you don't need $4MM, or even $1MM.
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