A Reddit user aims to retire in 10 years with a $600,000 annual income, influenced by a high cost of living. Experts suggest a conservative withdrawal rate of 3.7%, meaning he would need approximately $16.22 million saved. The user has a substantial current portfolio, totaling around $3.8 million in ETFs, $1.3 million in Roth accounts, and $3 million in investment real estate, which complicates the path to meeting his goal due to necessary asset allocation adjustments before retirement.
While he is not currently spending anywhere near that amount, he lives in a very high-cost-of-living area and he thinks having $50K a month to spend would make retirement "adventurous and fun."
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