this post was submitted on 28 Jun 2023
38 points (100.0% liked)

Asklemmy

43899 readers
1138 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy ๐Ÿ”

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 10 points 1 year ago (1 children)

124,594 hours (14 years) would be enough to retire right now, anything less than that wouldn't be immediately "life changing" since I'd still have to hold down a job.

[โ€“] [email protected] 4 points 1 year ago (1 children)

Do you mean the income of 14 years, or the income you would get working 14 while years (which with a 40hour work week is more like 60 years of work)?

[โ€“] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

I took the amount I estimate I would need to retire right now at my current age and divided that by my current hourly rate. So it's 124,594 working "man-hours", as you say like 60 years of working. But that value goes down every year I do actually work and as my retirement investments grow.

I assume OP asked it that way to normalize and anonymize it a little.

[โ€“] [email protected] 4 points 1 year ago

Well good luck reaching that goal. However 60 years of work seems way to high.