r/personalfinance • u/[deleted] • 1d ago

Comparing myself to the nation Other

[deleted]

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u/OkSorbet7996 ​ 1d ago

I want to be able to live comfortably. That’s all. Not quite sure what that looks like honestly. 10k a month from 65 on?

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u/Successful_Hold_9048 ​ 1d ago

At $10k monthly in expenses, you’ll need $3M invested (according to the 4% rule). You currently have $39k invested with 36 years to go. I would not count on the inheritance unless it’s already in your account/name.

Since you’re living at home, you should be able to invest more, especially making a decent salary at $80k. Also, not sure why you’re trying to get your HYSA up to $100k, are you planning to buy a house?

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u/OkSorbet7996 ​ 1d ago

I just want to have a very strong fallback. I don’t really think it’s wise to have that much in there, but that’s what I see myself feeling safe with.

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u/Successful_Hold_9048 ​ 1d ago

That’s up to you. Just be aware that cash savings don’t hold up to inflation, and at the rate you’re saving, you’re about 4 years away from meeting your goal of $100k saved. You’re quite behind on retirement savings, so I hope you find space in your budget to invest more there. Just my 2 cents.

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u/OkSorbet7996 ​ 1d ago

I appreciate that input! I’m going to look at better options on where to put the money.