ilmscore | Prediction Details
"so now 2023 how much money do you need to survive you need $50,000 a year to live a decent life now by the year 2058 35 years from now you're going to work to put aside I'm missing a zero you're going to work to put aside $1 million in the year 2058 now if you won $50,000 a year today it's not going to buy the same life style in 2058 so now let's apply the same factor and that means that now you are going to need $128,000 a year in order to fund the same lifestyle that you want today with $50,000 a year so now how long will you be able to fund your retirement with this million dollar that you work to put aside you have 8 years worth of money"
By Minority Mindset | October 9, 2023 | Pending
From video
Is $1,000,000 Still Enough To Retire? 00:03:53 - 00:04:38
Interpreted Prediction
A $1 million retirement nest egg in 2058, assuming prices triple over 35 years (similar to 1988-2023), would require $128,000 per year to maintain the same lifestyle as $50,000 today. This $1 million would only last for approximately 8 years.

Prediction Details

Topic
Retirement Savings

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