Quote:
Originally Posted by disneysteve
That is really a matter of perspective. I would find 5-10 years of work MUCH less stressful than 30 years of work. Knowing that I'd be set for retirement if I chose to do so after 5-10 years would be incredible. That doesn't necessarily mean you would have to retire at that point but you'd be free to work because you want to, not because you had to.
|
I'd say 95% of Americans (Those making less than $250K) have to work. Not because they want to, its because they have too.
The discussion of retiring early in their 40s is myth--often viewed as feel-good story than reality itself. There are very TINY group in our society that can achieve this with few exceptions, or already multi-millionaire set for life when people factor in health care cost, inflations, lifestyle (living above means), family emergency, catostrophic event, etc., no one can afford to retire at age 44. They eventually end up going back to work through boredness of health reason, financial, etc..Its statistically impossible not to.
Obviously if someone is able save or have the ability to save $150-200K a year from his or her job, they probably in the top 1% Earners and those are the people who can.
05-23-2011, 12:04 PM
