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Topic	If you have $100,000 in the S&P 500 by age 40
bigblu89 04/09/24 4:49:58 PM #15:	1337toothbrush posted... A million dollars won't be worth shit by then. This is also assuming that the S&P 500 will have the same average returns forever and ever, which feels like the ultimate rugpull of all time. Assuming you don't touch it until then, and you have absolutely NO other savings, million dollars at 65 allows you to live about a $65k a year lifestyle. And, now I understand that "everyone is poor and no one owns a house", but at 65, a good majority of people that actually ARE homeowners will have their mortgage paid off (I know mine will be paid off by the time I'm 52) which accounts for A LOT of their expenditures. --- It takes zero effort to be a good person. <cite>bigblu89 posted [p:979824524] in If you hav... [t:80741358]...</cite> <quote>1337toothbrush posted... </cite><quote>A million dollars won't be worth shit by then. This is also assuming that the S&P 500 will have the same average returns forever and ever, which feels like the ultimate rugpull of all time.</quote>Assuming you don't touch it until then, and you have absolutely NO other savings, million dollars at 65 allows you to live about a $65k a year lifestyle.And, now I understand that "everyone is poor and no one owns a house", but at 65, a good majority of people that actually ARE homeowners will have their mortgage paid off (I know mine will be paid off by the time I'm 52) which accounts for A LOT of their expenditures. --- It takes zero effort to be a good person.</quote> ... Copied to Clipboard!
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