retirement?
been thinking, how much would some one need to save for retirement living in the wild... like at camp, only going to the city for yearly supplies.. and in retirement for about 30 years? ok... what i mean by living in the wild i mean no internet, no electricity at all....and a tent no.. i mean like a cabin, woodstove, no cell phone, car, running water even.. all no.. just like they use to live way back in the day, like 1800s but in the forest on a lake (and i know the land prices are expensive in the places i would like to build) sorry forgot to mention, im about 20, single, no kids.. no plans in having kids.. possibly marriage.. i have a passion for photography and camping deep in the forest... im talking about the bare minimum you need in life.. small home, living dependently off my self and nature entirely
Public Comments
- This seems unrealistic, but I'll try to give you some help. You've gotta tally your costs and allow for inflation. Say you wanted to do that today- how much would you need? The land, the tent, and a year's worth of food. Today's raw land prices are very variable, but you can find some places in the midwest that go for about $1000 acre if you buy 20 acres. Food and supplies today, at a minimal level, will set you back about $5000/year. Health and dental go for about $$6000 year. Plan to wear clothes? (The tent can be coolish in the snow.) Add a bit. Glasses every two years? Add more. Cell phone and internet? Maybe a bit of HBO? You don't need gasoline if you walk, but you'll need shoes. And socks. So, for today, you're talking $20K up front plus $11K+ each year. How long do you plan to live? Actuarially, you'll live to probably 90. Retire at 60, you'll need 30 years of expenses. At a simple inflation of 5%, you'll need (in today's dollars) about twice your future dollars. Figure something like $350K. Though something is screaming in my geezer head "You'll need several times that much!" Since you're thinking about it, begin planning for your retirement. If you're married, that's fine. But make sure you have your individual plans scoped out because about 50% of people don't end up married to the same person.
- Important variable to your question have to do with how many kids you wish to support over the next 35 years (including college expenses if any), and how much social security benefits. But your question has to do with minimalism and avoiding an "in the box" lifestyle at retirement. There is a rather good chance that you would be able to survive on social securtiy benefits alone! With respect to an "in the box" analysis, this would be a poor suggestion, but we're looking at an out the box situation. If you have the wherewithal to retire at a wilderness camp, I think you can make a dollar stretch much farther than a city dweller. I would also think you would, in 30 years, need under $18,000 per year to support a minimalistic lifestyle (yes everyone, I'm thinking "year 2038 dollars").
