lol…… truly disconnected from reality. I just wish you could share the unpaywalled version.
elder millennial – is that like 40?
#
Do you have kids?
Gen X
Im here to say everyone’s fucked from us down.
Well everyone who doesnt land a great paying career.
Which is alot of us
It’s definitely possible if you follow
DINKLIPB
Dual income, no kids, living in parent’s basement.
If you’re still living with mom and dad, 4% withdrawal at $20k a year sounds reasonable… maybe you’ll get the house and their other assets when they croak… it does seem possible.
[deleted]
500k in another country maybe, in the US, FUCK NO!
So yeah if you tell a gen z kid on the street that they should expect to CAGR at rates meaningfully above CITADEl for 30% years, obviously they would think they would retire earlier.
“What’s more, the 12% annual average rate of return, which would make a Gen Z worker a millionaire before the age of retirement, is a conservative percentage, according to Orman, who estimates you can expect up to a 25% rate of return on your money. “
Any remotely frugal person could absolutely live on that.
I have more than this. I was laid off last year and I’m shitting bricks. These people are truly delusional.
11 comments
lol…… truly disconnected from reality. I just wish you could share the unpaywalled version.
elder millennial – is that like 40?
#
Do you have kids?
Gen X
Im here to say everyone’s fucked from us down.
Well everyone who doesnt land a great paying career.
Which is alot of us
It’s definitely possible if you follow
DINKLIPB
Dual income, no kids, living in parent’s basement.
If you’re still living with mom and dad, 4% withdrawal at $20k a year sounds reasonable… maybe you’ll get the house and their other assets when they croak… it does seem possible.
[deleted]
500k in another country maybe, in the US, FUCK NO!
I would think I’m retiring early if my “advisor” told me I could realistically cagr at 25% . For context- CITADELs flagship fund reportedly [returned](https://www.pionline.com/hedge-funds/hedge-fund-2023-returns-roll-including-citadel-de-shaw-and-point72) ~20% since 1990.
So yeah if you tell a gen z kid on the street that they should expect to CAGR at rates meaningfully above CITADEl for 30% years, obviously they would think they would retire earlier.
“What’s more, the 12% annual average rate of return, which would make a Gen Z worker a millionaire before the age of retirement, is a conservative percentage, according to Orman, who estimates you can expect up to a 25% rate of return on your money. “
Any remotely frugal person could absolutely live on that.
I have more than this. I was laid off last year and I’m shitting bricks. These people are truly delusional.