About 20% of Americans ages 50 and older have no retirement savings, according to an AARP survey in January. It also found 61% are worried they won’t have enough money for retirement.
I did the math not long ago. If I retired at 65, I would have enough money to live for a little bit and then starve in the streets. If I retired at 45, I would have enough money to live for a little bit and then starve in the streets.
The only difference was 20 years of drudgery.
Of course, there’s always the “work until I die” option.
exactly. plenty of folks would love to retire at 50 if they could afford to and not to a jet set life but just to maintain food, shelter, and healthcare.
I did the math not long ago. If I retired at 65, I would have enough money to live for a little bit and then starve in the streets. If I retired at 45, I would have enough money to live for a little bit and then starve in the streets.
The only difference was 20 years of drudgery.
Of course, there’s always the “work until I die” option.
exactly. plenty of folks would love to retire at 50 if they could afford to and not to a jet set life but just to maintain food, shelter, and healthcare.
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