The conversation between human and AI assistant.
Can I retire with this farm lifestyle and $100,000K savings?
Well, we spend around $1000 per month on our property taxes, insurance, utilities, and groceries.
Alright. Assuming you will need $1000 per month in retirement, and an inflation rate of 2.5%, and a retirement period of 25 years, you will need approximately $365,000 in your retirement savings.