The Local is not responsible for content posted by users.
2 Pages V  < 1 2   Reply to this topic

How much do you need to retire

in sweden

Mib
post 2.Jul.2018, 11:51 AM
Post #16
Joined: 7.Jul.2006

It of course depends on your spending habits, but I think 20 million + would be the minimum, assuming you have no mortgage. Whatever your situation, I recommend (if possible) to save minimum 20% of your net income every month and invest those savings into index funds. Use the funds that have the lowest commission fees as research has shown that high commission fees can make a big dent in your investment. Also, they tend not to perform any better than the lower commission funds. As always DYOR smile.gif

One of the best investments you can make, is to be careful who you choose as a life partner. As separating/divorce is a big cost financially as well as emotionally. You should share a commonality in your attitude to money and sharing it with each other, if one earns more than another. I always recommend to keep separate accounts, as just psychologically, it can seem to be YOUR money to spend if you see just one account. You'll notice that when you save 20% each month, that it curtails your spending as you see less cash available after transferring it out to another account.

Finally, wherever possible, buy rather than rent. Over a lifetime, it's shown to more expensive to rent than buy. Plus if you're lucky, your property will be worth a lot more than you had anticipated.
Go to the top of the page
+
Bsmith
post 2.Jul.2018, 06:39 PM
Post #17
Joined: 25.Jun.2009

QUOTE (Mib @ 2.Jul.2018, 10:51 AM) *
One of the best investments you can make, is to be careful who you choose as a life partner. As separating/divorce is a big cost financially as well as emotionally. You should ... (show full quote)



Very, very true.
Go to the top of the page
+
Bsmith
post 17.Jul.2018, 10:28 PM
Post #18
Joined: 25.Jun.2009

I think we all will be.
Go to the top of the page
+
SmokerT69
post 19.Jul.2018, 01:04 PM
Post #19
Location: Gävle
Joined: 28.Feb.2016

If I ever get the right to live here, it will most likely be where we retire because it's so much cheaper than my home and my wifes family is all here. You need at least 2 million USD before you can even start looking at houses in Bermuda lol. Most likely end up going back home to work for a few years before retiring here. Can easily pull in around 65k USD a year doing basically nothing lol. I was making 25$ an hour tax free just driving a fork lift. There's no laws about overtime, so you can also work as much as you want, provided there's work. I use to do 60-70 hours a week leading up to Xmas to pay for my trips back and forth to Sweden a few times a year.

So, depending on where your coming from. Sweden can either seem really expensive to retire or very cheap. As for how much you need, just caculate your yearly expenses and leave enough extra to cover any unforseen problems.
Go to the top of the page
+

2 Pages V  < 1 2
Reply to this topic
4 User(s) are reading this topic (4 Guests and 0 Anonymous Users)
0 Members: