Since I am 30 I have to go with the "no idea." I haven't really run the #s.
I think one of the biggest unknown factors for the young folk is longevity. A lot of my family has lived to 100 (like in the 80s) and now you hear life expectancy is going up at a rapid pace.
Then there is inflation and everything.
It would have to be many millions. Mostly I am way to risk adverse to retire so young. If I was on the brink of being able to, financially, I'd wait it out a bit.
I really haven't run the #s though. When I figure retirement #s I usually assume I'd live 40 years after retirement. I am not sure how the numbers change if the years significantly increase.
I wouldn't need much to live on today, but I'd want to make sure I was prepared for inflation for the next 100 years, just in case. I still have kids to put through college and all that too... So all that leads me to the conclusion that I would need many millions.
Yeah, I would have no desire to retire so young anyway.
|