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I spoke the other day about rich people whingeing that they don't have enough to retire in luxury. In today's news there is a 67 year old man who hates his job and wants to retire. However the poor thing only has $700K saved up. This only gives him $28K a year in interest. 
Poor old dear still hasn't paid off his mortgage so how will he manage on that?
How the other half live.
67 with that amount saved and a significant chunk of your mortgage to pay off is not rich.
Also that money isn't interest, it's the estimated rate of withdrawal they'd be able to do without running out of money before dying. The money itself is probably split between stocks and bonds, with more bonds to mitigate risk
Just go be a sexpat gentryfier in Vietnam, what's the downside? People hating your guts? Just like home, but with better healthcare, food and neighbors.
Ideally yo would be imprisoned for being a white demon, but the world isn't a good place.
And I thought your last post was already absurd. Sheesh, if I ever should get to 67, I would very definitely not have anything saved. Like... how tf do some people think they're off bad when they have more per year for their retirement than I've ever earned in my entire life?
This only gives him $28K a year in interest.
Damn, where you getting 4% interest on savings, dawg? 
HYSAs are around 3.5-4% right now. But this is estimated safe withdrawal rate, not interest
HYSA
Too poor to know what any of those letters mean. 
High yield savings account? I guess? I don't actually know what I'm talking about, I'm just going out on a limb here.
Correct! I'm using Capital One's 360 Performance Savings which has 3.6% APY. It's nice because they don't have transaction limits like some savings accounts so I can basically treat it like a checking account and get that APY on my whole balance
Ooh I might need to get that, I already have a credit card through them and that’s better than what I’m currently doing
I haven't been able to save anything. There have been at least 3 different times that I had to drain my 401k just to keep a roof over me.
This old, crusty boomer should just die and leave that money to his kids.
I had a tiny amount saved, like a “get wiped out by medical emergency” amount and then being unemployed has erased most of that
🎻
Has he tried not buying avocado toast?
He should cancel his netflix subscription, then he can retire immediately.
Probably has that >$100 sports cable package.