Are you rich if you retire with 100k USD?

[Anonymous]

[OddBeMe]

Not really. It’s hard to judge but “rich” these days are multi millions and retiring without ever working means having a solid foundation of equity.

100k is a great start tho. I don’t think actually retiring is a thing anymore. I’d be working less and less until I die. But hospice homes are full of people who just stopped working.

[NostalgiaSenpi]

Probably not. Unless you invested it or move to an area with a lower cost of living, eventually, that money will run out after taxes and other expenditure,

[samuluaa]

I wouldn’t consider that rich.
I think at least $1 million or more is rich.

[Anonymous]

That would only be $6,000 per year for the rest of your life.

[bean2k21]

I'm reminded of a quote by Henry David Thoreau:

O how I laugh when I think of my vague indefinite riches. No run on my bank can drain it, for my wealth is not possession but enjoyment.

[AviatorTom]

No, that wouldn't last more than a few years in your retirement. In the US today, one should have a nest egg of US$1 million or more.

[20yearsolder]

Hell no, you won't be retired for long with that amount of money

[KostasKouvalis]

Is that how much you have in your savings account or how much social security you're getting annually?

[jamesgoldman]

No much less than a million will leave you broke by the end unless you leave the US for cheaper shores

[ryancg]

Depends on your lifestyle. 100k really isn't a lot in the long-term for the average person. Shit is expensive these days.

[PatriceONeal]

Not even close. 100k will last you 3-5 years in your elder years

[In_Trance]

Depends how old you are and what kind of life you want to live

[TallAnon]

If you retire and still make 100k usd every year? Yes.
If you got 100k, not at all.

[Dargil]

Nope. About $3million would be good.

[Anonymous]

No inflation makes your 100k worthless.

[Guardian45]

Maybe. Depending on where you live

[Anonymous]

Rich STARTS at 1.2 million.

[BeMuse]

Nope.

[gorydetails]

nope.

[Anonymous]

Not in the US.