Are the figures circulating in this sub-Reddit what is really needed in EU?
M32, I live and work in Finland in a medium-sized city. From my net monthly salary of €3,100, I spend €600 on rent and bills and €600 on everything else. So total around 1200/month. I invest the remaining €1,900/month plus a few bonuses in global stocks. I currently have around €100,000 in my portfolio.
The question in the title arises from the fact that the figures I read in this group seem meaningless to me. Single people owning a home who don't consider themselves FIRE with €1 million or more.
Folks, we're in Europe (most of us in EU), not America. We have an excellent welfare system, (almost) free healthcare (almost) everywhere. Old-age pension.
I'm on €100,000 and to maintain my current expenses, I would need a maximum of €3-400,000 invested. If I were on €7-800,000 or more, as I read in many posts, I would have quit my job a long time ago. Let's stop basing our budget on US costs.