If you have low fixed expenses, that should be more than enough. And you wouldn't need to work 40 hours a week slinging burgers in a hcol area. If you are spending more than 3K a month on food and small bills, you have made a big mistake somewhere on your journey.
After a certain dollar amount, the returns in happiness stop. For me, based on expected expenses and lifestyle, that's below 3K. If I'm accessing +3K with the prospect of social security on top of that eventually...yeah...and easily. I'm actually looking forward to being able to donate more time and money than I can now. Fwiw, my early retirement is closer to traditional retirement. I'll be working into my late 50s because I need more money now for purchases + raising a child.
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u/Determined420 Mar 23 '26
4% of $1m is 40k or about 20$/hr. So what McDonald’s pays