tag:blogger.com,1999:blog-254796351879341284.post8275419553721919109..comments2023-04-05T09:34:59.300-04:00Comments on CommonCents: News Papers and Financial AdviceSarahhttp://www.blogger.com/profile/08449362949252022092noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-254796351879341284.post-17957241917432345842010-12-19T08:29:33.727-05:002010-12-19T08:29:33.727-05:00Well I think to be fair they live in Vancouver. It...Well I think to be fair they live in Vancouver. It's pretty expensive there even with 1.58 million in assets.<br /><br />I think 1.58 million is enough to retire but not as early as they wanted, because you have to imagine that they'll live another 20-30 years on that income, with no income coming in.<br /><br />Still, if they cut back on expenses perhaps they could do it. I think BF & I estimated we'd need $2 million to retire at 50 years old. We'd have a pretty simple life at that, because 30 - 40 years of living on 2 million is really not a lot.<br /><br />It's $33,000 each for 30 years, and we each spend about $20,000 - $30,000 a year now. <br /><br />At 40 years that's $25,000 a year each.<br /><br />Not even factoring in inflation.FB @ FabulouslyBroke.comhttps://www.blogger.com/profile/12966672580040786485noreply@blogger.comtag:blogger.com,1999:blog-254796351879341284.post-92010226851452194402010-12-19T04:59:58.768-05:002010-12-19T04:59:58.768-05:00According to all the reports I will never be able ...According to all the reports I will never be able to retire, but I just can,t see my bosses wanting me in with my walking frame and incontinence knickers. LOL<br /><br />By the way I cut and paste my weekly spends straight from spendingdiary.com I love this little online tool, it keeps me honest and it,s free!!!!Maureenhttps://www.blogger.com/profile/03260642250519868482noreply@blogger.com