6 ms·

US numbers are funny, I could easily retire with 200k in most places of the world, including Europe. Gotta get me a US salary job I guess.

et-al 8y ago
How many years are you expecting to live with 200k saved? Spending 1k/month, you're looking at ~17 years. And that seems on the frugal side.
- NiklasMort 8y ago
  I live with 500-700Eur/month since multiple years and I live a life of luxury compared to most others (and with that I mean my friends from Western Europe) and that includes traveling. So that'd be about 25-30 years which I'd call enough for retirement. Don't forget: it's not like you'll never work again...honestly who wants to not work the next 30 years? there will always be some small jobs or part time projects which will produce some sort of income, even if not monetary
  - Luc 8y ago
    Well done! I'm curious how you manage it though.
    - NiklasMort 8y ago
      I am not even that frugal, I live reasonable, but I spend lot of money on sport equipment, obviously I am not driving a Maserati or live in a Villa with pool, but neither do I live like a monk or live in hostel dorms, my luxury is that a) I don't have to work b) if I work I do what I enjoy and as many hours as I wish (which is probably the best of it) c) I can go wherever I want whenever I want.
      - Luc 8y ago
        Ok, but you're not really spilling the beans here. You could be living at your parent's place in Western Europe. Or perhaps you're living in rural India. That's what I'm wondering about. But if you'd rather not explain, I understand.
        NiklasMort 8y ago
        Not in public, otherwise everybody will start doing it, more and more do already
roel_v 8y ago
Where in Europe can you retire on 200k? I mean, without going 'buy 15k plot of land in backwater Romania, live there in a wooden shack for the rest of your life'?
- dejv 8y ago
  Maybe if you live alone in your own house at some small village and let goverment pay for your social security, medical and give you some additional pocket money (you get that in most EU countries). But still, forget travelling, splurging on new appliances and such.
  - bojan 8y ago
    The government will not pay anything for you if you have a considerable chunk of savings you can pay for yourself from. You are only really considered poor if you have no savings.
    - dejv 8y ago
      It depends on how you declare your savings, even if you declare your income out of invetment of 300k it might be less than poverty line and you might be able to claim some monetary help from govt. Anyway, even if you didn’t get those, your medical and social insurance should be paid by govt.
- cko 8y ago
  Funny you mention Romania. You can sleep on the beach from May to Oct in Veche Vama in a tent. I’m actually planning to do this.
  - roel_v 8y ago
    For the rest of your life? And where would you stay the rest of the year? All of these things are fine when you're a student, but they're hardly realistic retirement plans.
    - 8y ago
speedplane 8y ago
There are probably many places in the US where you could retire with 200k, you just wouldn't want to live there. But beyond that, the US has a baked-in working culture. For any hard-worker, 200k won't be enough. Neither will $1M or $1B. Not saying this is healthy, it's just a part of being american.

et-al 8y ago

How many years are you expecting to live with 200k saved? Spending 1k/month, you're looking at ~17 years. And that seems on the frugal side.

NiklasMort 8y ago
I live with 500-700Eur/month since multiple years and I live a life of luxury compared to most others (and with that I mean my friends from Western Europe) and that includes traveling. So that'd be about 25-30 years which I'd call enough for retirement. Don't forget: it's not like you'll never work again...honestly who wants to not work the next 30 years? there will always be some small jobs or part time projects which will produce some sort of income, even if not monetary
- Luc 8y ago
  Well done! I'm curious how you manage it though.
  - NiklasMort 8y ago
    I am not even that frugal, I live reasonable, but I spend lot of money on sport equipment, obviously I am not driving a Maserati or live in a Villa with pool, but neither do I live like a monk or live in hostel dorms, my luxury is that a) I don't have to work b) if I work I do what I enjoy and as many hours as I wish (which is probably the best of it) c) I can go wherever I want whenever I want.
    - Luc 8y ago
      Ok, but you're not really spilling the beans here. You could be living at your parent's place in Western Europe. Or perhaps you're living in rural India. That's what I'm wondering about. But if you'd rather not explain, I understand.
      - NiklasMort 8y ago
        Not in public, otherwise everybody will start doing it, more and more do already

roel_v 8y ago

Where in Europe can you retire on 200k? I mean, without going 'buy 15k plot of land in backwater Romania, live there in a wooden shack for the rest of your life'?

dejv 8y ago
Maybe if you live alone in your own house at some small village and let goverment pay for your social security, medical and give you some additional pocket money (you get that in most EU countries). But still, forget travelling, splurging on new appliances and such.
- bojan 8y ago
  The government will not pay anything for you if you have a considerable chunk of savings you can pay for yourself from. You are only really considered poor if you have no savings.
  - dejv 8y ago
    It depends on how you declare your savings, even if you declare your income out of invetment of 300k it might be less than poverty line and you might be able to claim some monetary help from govt. Anyway, even if you didn’t get those, your medical and social insurance should be paid by govt.
cko 8y ago
Funny you mention Romania. You can sleep on the beach from May to Oct in Veche Vama in a tent. I’m actually planning to do this.
- roel_v 8y ago
  For the rest of your life? And where would you stay the rest of the year? All of these things are fine when you're a student, but they're hardly realistic retirement plans.
  - 8y ago

speedplane 8y ago

There are probably many places in the US where you could retire with 200k, you just wouldn't want to live there. But beyond that, the US has a baked-in working culture. For any hard-worker, 200k won't be enough. Neither will $1M or $1B. Not saying this is healthy, it's just a part of being american.