Comment by 999900000999
1 hour ago
> but I could probably sell my belongings and live a very good life on a beach somewhere in Latin America
I actually think it’s easier to cut back vs chasing some magic high networth before retirement.
The average salary in Costa Rica is only 1200$ a month. Meaning if you live an average life there you might be able to retire with 240k. Assuming 6% yields per year.
Agreed. I'm quite content living a rather simple lifestyle, owning very few new things, doing almost of the maintenance on my belongings myself. The "magic number" was really more about giving myself permission than anything else.
The one thing you do have to factor for, though, is what happens if you don't keep your health. The thing that kept me in tech a little longer than I hoped to be there was a parent with long-term care needs. I could live a happy life on ~$2k a month, but it took five times that just to keep my mom alive the last few years of her life.