A high-earning couple in Manhattan weighing whether to buy a $1.4M condo or keep renting
Maya (34) & Chris (36), New York NY
exampleMarried, no kids yet, planning one in the next two years · $340k/yr household income
They're renting a two-bedroom in Manhattan and debating whether to buy a $1.4M condo before starting a family
Maya & Chris are renting a two-bedroom in Manhattan and debating whether to buy a $1.4M condo before starting a family The real question: Should Maya and Chris buy a $1.4M Manhattan condo now, or keep renting at $4,800/month and invest the difference?
There’s a gap to close$6.8M
Projected net worth at retirement (2054)
Retirement year
2054
Safe withdrawal / yr
$271k
Spending need / yr
$125k
First shortfall
2054
Modeled year by year, the plan runs short before the finish line. That doesn’t mean the goal is off the table. It means one or two levers (savings rate, timing, or the size of the purchase) need to move, and seeing exactly where and when is the value.
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Get my verdict →An illustrative example household. The numbers are modeled by Rightmont’s engine from these inputs; your real answer depends on your full picture. Educational only, not financial advice.