its just crazy economics that these people spend so much on a depreciating asset, which they pay off over 30 years. money that couldve been invested in the stock market outside of japan.
I was thinking that the cost of living in Japan (generalizing) will need a lot more than the “20 Million Yen Rule” but it's interesting to compare with the 3% or 4% rule in the US.
The average 401(k) balance is $106,478, according to Vanguard's 2020 analysis of over 5 million plans and the median 401(k) balance is $25,775.
its just crazy economics that these people spend so much on a depreciating asset, which they pay off over 30 years. money that couldve been invested in the stock market outside of japan.
I was thinking that the cost of living in Japan (generalizing) will need a lot more than the “20 Million Yen Rule” but it's interesting to compare with the 3% or 4% rule in the US.
The average 401(k) balance is $106,478, according to Vanguard's 2020 analysis of over 5 million plans and the median 401(k) balance is $25,775.