The 50 years is wildly off. Even taking the average male/female lifespan most people don't enjoy more than 20 years of retirement. And sadly in my family I think the average is much closer to 10 years.
If you mean the lucky few of us who can "retire" at 30-40 and enjoy 50 years of retirement - that's such a statistical anomaly that it might as well not exist.
>>Food, travel, other things and especially projects can eat the rest $11k/mo
And also yeah, that is wildly wildly off. Again, if you want to have such an absolutely extravagant lifestyle to spend $11k a month on food and travel then sure - you probably do need $10M. But it's nonsense to say "you need $10M to retire in a big city". Clearly millions of people don't.
If you mean the lucky few of us who can "retire" at 30-40 and enjoy 50 years of retirement - that's such a statistical anomaly that it might as well not exist.
>>Food, travel, other things and especially projects can eat the rest $11k/mo
And also yeah, that is wildly wildly off. Again, if you want to have such an absolutely extravagant lifestyle to spend $11k a month on food and travel then sure - you probably do need $10M. But it's nonsense to say "you need $10M to retire in a big city". Clearly millions of people don't.