@alice59 yeah what i read here is total overkill one guy writing 3 million + own home, gives you 10k per month gross without rent, AND 3 million in savings, what the fuck 1500 and you life a comfortable life
@hillpalash I'd say €1m excluding primary residence is enough for most people. This allows for €40k per year to live on which is nice when you are not paying rent or mortgage.
@bradely Any numbers you see, assume they're in today's euros, inflation adjusted. So whenever he reaches the amount that brings the purchasing power of 40k€ in 2023.
@bradely Yeah that's true. If you substract inflation from the projected returns in a compound interest calculator you can see the real value of your projected net worth. I think that is more valuable than in absolute number as a goal.
@bradely The 5% rule asks “how much can I draw down over a long period per month, adjusted for inflation over time, tested against previous investment returns over the last 100 years”. To be honest I think if anything it is too conservative.