Are any of you planning to retire with less than 1 million USD in your account?

[TRUEST]

By the time I retire, $1m won’t be shít

It’s gonna be crazy when this generation gets old and has very little to retire on.

That’s the demon talking. No matter what time period you in, a million is still gon be a million. There was a time when a $200,000 house was considered mansion level. Now, not so much. But there ain’t no average person alive who wouldn’t be on cloud 9 if he had $200,000 liquid. Or easily accessible.

That demon that spoke to you is very common in black communities. Don’t be seduced by it.

 

[Michael's Black Son]

Don’t plan on retiring.
Already have $1 million

When I quit my day job I said it was retirement to flex on CACs

 

[Gator48]

Yes, but I get a pension

 

[Roid Jones]

Planning?! less than 1 mill is the reality for the vast majority of people

 

[Prince.Skeletor]

I just bought a 1M house
Ain't no way i'm retiring when i'm supposed to

What i'm really worried about are my kids and their future

Sometimes I wonder if kids was a bad idea, love my kids but their lives won't be easy at all.

 

[Ezekiel 25:17]

All these folks out here flexing in new cars with $700 car notes. Soon as they get a new job they gotta upgrade. Reality gone hit at 40 sheesh

Folks better get to reading. 401k, Roth ira, index funds, crypto.

 

[International Playa]

when you retire, you will need a lot more money than you think

 

[Arizax2]

Which is why the red pill community isn't living in reality...a two household income matters. Even if you have less than 1 million on your retirement accounts, I would hope your spouse's account has something decent.

Goal is to live off of the intrest of your accounts as you withdraw and not the principle. In addition to social security from both spouses and hopefully a paid off home which is typically the highest monthly expense most people have, is the best and sustainable way to enjoy retirement stress free.

 

[Ezekiel 25:17]

when you retire, you will need a lot more money than you think

Where are you getting that assumption? Maybe you will need more than you think, but people are different. Some folks are happy with just walks in the park and reading books.

 

[BlackBall]

I’m going to die in my cubicle

 

[King Poetic]

Yes by 50,000 miles

 

[Krs2]

Don’t plan on retiring.
Already have $1 million

When I quit my day job I said it was retirement to flex on CACs

So you are actually a millionaire?? How's is life?? Are your DMs poppin since you revealed this??

 

[DeuceZ]

On the low end that's a possibility, but you never know. Plus 1mm in like 25yrs will prolly be like 500k or less now.

 

[Ezekiel 25:17]

On the low end that's a possibility, but you never know. Plus 1mm in like 25yrs will prolly be like 500k or less now.

What do you mean by this? Your 401k should be keeping up or beating inflation.

People who started investing in the 80s will have an equivalent of 1 million and thats 40 years of inflation.

 

[Carl Tethers]

@Roger king doesn't even have a bank account