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Depends on his spending habits and his ability to replace the money he's spending via his job. He should do ok since he was smart enough to save 100k to begin with.
Depends on his spending habits and his ability to replace the money he's spending via his job. He should do ok since he was smart enough to save 100k to begin with.
So if he's stingy and doesn't spend much how many years could that 100k last him?
So if he's stingy and doesn't spend much how many years could that 100k last him?
As long as he spends less than he makes, that should last (and increase) until retirement. But he should probably look into buying a modest house if he knows where he wants to live for several years.
It sounds like your real issue is resentment over your brother living at home and not paying rent - while he accumulated $100K, which you equate with being stingy (frugal). (Perhaps you feel that he took advantage of your parents and that you also could have saved $100K, if you had done the same thing). In fact (reading between the lines), it sounds like you are hoping that he blows through the money quickly and is then finally confronted with the responsibility of living without mom and dad's help.
Your concern does NOT really appear to be with how long his $100K will last. (That's a simple answer that doesn't require a forum: If he spends $2.5K of the $100K per month on room & board, above his income, the $100K will last 40 months).
Does he have a decent job? $50K or so of that would make a nice down payment on a house. Living at home for years and not paying rent is probably the easiest way to save up money for a good down payment.
100K can last a lifetime if you can survive off 500/month, and have a decent interest income on it.
single? I could live off that for a decade with reasonable investment and frugal spending.
Married with kids, a mortgage, etc? About 2 years.
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