Question:

How much did YOU save up for retirement for those who had early retirement at ages 40-50?

by  |  earlier

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I am trying to figure out if it's better working for the government (finances wise) 20 years with good pension (well it' s good compared tomost companies...few companies give you pension)

I know it can be better financially in some cases but if your

getting

80k and

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2 ANSWERS


  1. My father retired at 43 with around 5 million dollar (back in 1999). That would equal to today's 7 million dollar. He invested in good places and now his net worth is around 15 million.

    You can still retire with around 5 million dollar and have a very well off life. 5 million dollar invested right can give you around 5% (250,000 annually) safely. If you play big, you can get rich like my father.  


  2. Well it depends on the situation.  It's really a judgement call.

    If you have 600k in the bank that could produce 30k/year at 5% before taxes.

    or work for the government for a little less money; get 300k (producing 15k/year interest) and a 20k/year pension maybe?

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