$120k/yr is a very healthy retirement after you have paid off assets and lower expenses. Yes it’s enough, unless you’re unlucky with health issues which would be a problem if you were at $200k/yr as well.
5 points
FIRE (Financial Independence Retire Early)
!fire@lemmy.ml
Welcome!
FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.
Flow Charts:
Personal Income Spending Flow Chart (US)
Personal Income Spending Flow Chart (Canada)
Personal Income Spending Flow Chart (Australia)
Personal Finance Flow Chart (Ireland)
Useful Links:
Mr. Money Moustache - a frugal lifestyle blog
Related Communities:
/c/PersonalFinance@lemmy.world
/c/PersonalFinanceCanada@lemmy.ca
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