Trystan Trenberth argues that retiring at 65 with $400,000 to $500,000 covers only 2.5 years of expenses. Inflation will push a $100,000 salary to $150,000 to $200,000 over 25 years. You need residual income streams to actually stop working.
We want people to understand what's possible for them and have them realize that 65 or 67 isn't retirement. Retirement is having residual income, which removes the need to work. Now think about that for a second. Whatever you're earning right now, maybe that's $100,000 a year, which is a high level of income. Imagine in another 25 years with inflation how much that $100,000 needs to be to sustain an in— you know, a life cost of living. Maybe we've paid off our house, maybe not. But if we look at that, that could be $150,000, $200,000 worth of income per year. And if that 401k is only worth $400,000 or $500,000, that's only 2.5 years of retirement before you're going to go knock on Walmart's door and ask them if you can greet people on the way in and hopefully get paid something
