this post was submitted on 09 Nov 2025
740 points (97.2% liked)

World News

50787 readers
1596 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] lepinkainen@lemmy.world 3 points 5 days ago (1 children)

I have a friend who made it big young (well earned IMO, they started working at 15) and they have about 2M in investments.

They make 4k/month after taxes just from the stock dividends every year.

That’s well enough for a comfortable life over here, as their house and cars are paid for - and the money keeps growing in investments.

[–] jaybone@lemmy.zip 2 points 5 days ago (1 children)

I’m not quite at that level, but I’m getting there. My main concern would be health care. And that my house isn’t fully paid off. And with Trump manipulating the market, idk I get nervous. 2 million might work. But I know 1 million is for sure not enough, at least in the US.

[–] xyzzy@lemmy.today 2 points 5 days ago* (last edited 5 days ago) (1 children)

This question always depends heavily on where someone lives and someone's expected standard of living.

Someone who lives on that much already thinks it would be enough for them until they die, but they might not have ever had open market insurance, and likely not a catastrophic illness while on it. That kind of thing makes you realize how financially vulnerable you really are. It's not about steady state while healthy, it's about contingency planning.

I'm in a situation where I could probably relatively safely retire with $2 million, but like you I would be nervous about $1 million.

[–] WoodScientist@lemmy.world 2 points 5 days ago

We're aiming for $2.5-$3 million in investment income. That's based on two things:

  1. The median household incomes in the US is about $80,000.
  2. The safe indefinite withdraw rate in stock index funds is about 3%.

(2) is based on the 3% rule, a common retirement planning tool. People have crunched the numbers on historic market returns, factoring in inflation, dividends, etc. 3% is about the amount you can safely withdraw each year while the principal will still remain steady through time, even after adjusting for inflation and crashes. It is the amount you use if you want to be reasonably certain you will not outlive your retirement income.