I’m 40 and I take home a shade over €1000 a fortnight (and my employer also gives me health insurance and pension contributions). Optimistically assuming I live to be 100, that works out to a little under €1.6×107. I liveodestly but comfortably, and spend a few hundred euro less than I earn most fortnights; if I’m particularly frugal, might spend just half of what I earn.
With this in mind, my current lifestyle would probably be sustainable even with inflation. But I’d like to have a buffer, so I’ll round it up to €2million. That gives me enough to buy a house in decent condition, which dramatically lower my fortnightly spending as I no longer need to pay rent.
€2×106
I’m 40 and I take home a shade over €1000 a fortnight (and my employer also gives me health insurance and pension contributions). Optimistically assuming I live to be 100, that works out to a little under €1.6×107. I liveodestly but comfortably, and spend a few hundred euro less than I earn most fortnights; if I’m particularly frugal, might spend just half of what I earn.
With this in mind, my current lifestyle would probably be sustainable even with inflation. But I’d like to have a buffer, so I’ll round it up to €2million. That gives me enough to buy a house in decent condition, which dramatically lower my fortnightly spending as I no longer need to pay rent.
Nit. Your employer doesn’t “give” you anything. Those benefits are part of your total compensation.