The discussion surrounding a $10 million net worth for retirement is nuanced. While some argue this amount is sufficient, others emphasize that individual expenses and lifestyle factors are crucial. The Fat FIRE subreddit highlights that retirees in high-cost areas like San Francisco may require more funds than those in lower-cost locations. Ultimately, even a sum of $1 million or $2 million may suffice in less expensive regions. Continuing to work post-retirement can also reflect personal satisfaction beyond financial needs, indicating that retirement is both a financial and existential decision.
It's important to consider how much you enjoy your work. If you don't enjoy work, you may want to pursue a career or business that you enjoy when you have enough financial flexibility to leave your full-time job.
Dogen lives in San Francisco. That's one of the most expensive cities in the world, so it makes sense that Dogen has a higher net worth goal than most people.
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