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soldforaspaceship t1_ja6c8gt wrote

I saw a financial planner recently in California and it was considerably more than 800k to retire comfortably here...

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NinjaPlezeD t1_ja6uox0 wrote

Depends on where you live and what kind of lifestyle you want to have. These are averages. Bakersfield isn't the same cost as LA.

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ButterflyCatastrophe t1_ja7af4j wrote

A retirement planner is going to look at the amount of principal you need in order to sustainably generate annual spending. ie: not spend principal, but add to it for inflation.

TFA is just looking at how much gets spent. ie: spend all the principal in 15 years.

Still useful as a relative benchmark.

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