this post was submitted on 13 Mar 2025
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Boycott US
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The community dedicated to boycotting the US until they stop fascism, restore full democracy and start following international law.
Americans have a moral obligation to resist Donald Trump and project 2025 at every turn.
America is a flawed democracy currently being ruled by oligarchs. Stop the backslide! Dont let America become the next Hungary.
America needs to get rid of citizen's united and implement independent district drawing and the single transferable vote so they don't end up having people stay home in life-changing elections because they cannot vote for their favourite candidate.
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Can someone do the math if 2 million is enough to live comfortably? (per adult in the family)
In most places you can buy a house for half a mil, and just put the trest in stocks and pull a monthly salary
There's a rule of 4%, meaning that you should not withdraw more than 4% of your investments per year to keep the ball rolling. To cover the US average salary you have to have $1.65m invested. Good luck finding a house for $450k and living without medical insurance.
If you want to have insurance, then your 4% minimum rises up to $1.875m. And I really don't think you can buy any house for $125k...
The problem with people who think that $1-2m is enough is that they were born in the 1980-s or something when $1m was a lot of money. But inflation is a thing and that money is not enough anymore. If you ask me, $10m is a bare minimum today to be set for life and not to worry about finances ever.
I have to say, thats still a large swath of the US. Also depending on the interest rate, it could be better to have the mortgage rather than bought outright.
I also know a few folks who do just enough work to get medical insurance, and they really enjoy it that way. They have enough from their investments, and the ~30hr/wk they work is enough to get medical, dental, and vision. One works a horse stable, another worked at Starbucks for a while (when it still seemed like a decent company). At that point, there was enough return from investments that she started her own coffee shop (and brought in a couple other employees from Starbucks she really liked working with).
$2 million is still plenty for most people.
Edit:
Max $450k, 4br, 2ba, sorted by price high to low.
You can get more for less depending on location, but there you go.
If you're withdrawing the average US salary, that would also cover mortgage payments, so you could put the entire 450k down on a more expensive house and still live comfortably. Most people making average salary don't own their house outright and pay nothing for housing. So yeah, by your calculations 2m is more than enough.
It really really depends on your standard of living too. This number will be different for everyone. Some would be happy with 125k house, it's small and nothing fancy, but the 5 bedroom 2 car garage house, not for everyone.
Where are you finding $125k homes that arent previous crackhouses?
Anywhere outside a major city in the Midwest. If you don't have to work any more and worry about commute then you can get a decent house in the country.
An older small house 30+min from a smaller city with some fixing to do.
Previous crackhouses are more likely to be auctioned or sub 100k in all but the craziest areas.
There are a lot of ifs, sure. That's another reason why a blank statement that $2m is enough is plain wrong.
Depends very much on where you live and what counts as comfortable. In Canada one mil basically buys you a crackshack in Vancouver or a older four bedroom out in the country. Retiring with an additional mil in the bank might not be super "comfortable" as in going on regular vacations, affording property taxes and so on...
But yeah, most places aren't like that.
Yea housing in Canada sounds pretty fucked. I live in Amsterdam we have a housing crisis but half a mil can get you a decent place.
If you put the other 1.5mil in investments and pull 50k per year out as a salary with no mortgage to pay you can probably live quire comfortably for 40 years. (no crazy vacations and stuff)
Amsterdam is also one of the most expensive cities in the world, so I think with 2mil you'll live comfortably in most places in the world