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When can Mario retire? | Unraveled - YouTube
Channel: Polygon
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Mario he can jump he can dance and he
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can successfully avoid conviction for
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war crimes it seems like the only thing
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he can't do is settle down and just
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enjoy life for a bit mario has been
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cleaning up messes in the Mushroom
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Kingdom and beyond since 1981
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that makes him almost 40 years old most
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forty year olds I know are paying off a
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mortgage buying a peloton and
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desperately trying not to become their
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parents but Mario is still out there
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grinding at the same job and also every
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other job doesn't Mario deserve some
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time off doesn't he get a chance to kick
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up his heels enjoy a tropical drink
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while visiting the old timeshare and
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more specifically hasn't he made enough
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coins to let him coast for the rest of
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his life that's why I'm here to give him
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a little financial advice exchange
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mission circulation investment by
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section two before most because with the
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party market visualize financial by
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somebody for Security's not qualified
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potential buzzer and figure out when
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Mario can retire
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[Music]
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thank you both
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why should Mario retire you might say
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Mario loves his job and when you love
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what you do you never work a day in your
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life but that's [聽__聽] I love what I
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do and let me tell you something I've
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worked some days I personally can't wait
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to retire as soon as I hit 50 I'm gonna
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be out there on the beach pina colada in
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one hand sci-fi novel and the other
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soaking up Mother Nature's cosmic rays
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but Mario has a history of risk-taking
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behavior and it's possible he's planning
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to live fast die young and leave a
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beautiful beautiful corpse that said
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he's made it out of every scrape so far
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and ground-pounding at age 86 is hard on
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the hips Mario needs a back-up plan now
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I'm not here to tell Mario how to live
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his life but I can take a look at his
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finances and figure out when he'll have
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enough money to finally hand peach his
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resignation letter foolish old me
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thought that I could just Google how
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much money do you need to retire and
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there'd be a link that says a million
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bucks but no turns out that everyone
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needs a different amount to retire based
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on what you're used to if you're making
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millions every year you're gonna need a
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lot more to retire because how else are
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you gonna support your [聽__聽] fail sons
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bad business ideas but with all of the
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retirement calculators online I was
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getting a little overwhelmed so I
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decided to reach out to a qualified
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financial advisor hi my name is Nate
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Chow I'm a certified financial planner
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with the Northwestern Mutual and I
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basically help people answer questions
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about money that's exactly what I needed
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you to do today this call is not about
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me I feel like I'm in a great spot right
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now in terms of my finances but I have
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some worries about my good friend Mario
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I was looking online to see if there was
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like just a number that of money you
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need in order to retire and it turns out
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that that's not a thing that exists how
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do I figure out how much money you need
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to retire yeah yeah there are a lot of
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different things that you need to know
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at the most basic level you need to know
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how many are you gonna spend in
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retirement so basically when you're
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gonna retire and at what age you're
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going to die so I have to know I have to
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be able to
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to just discern when I'm willing to
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croak is what you're saying
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yes you have you have to calculate a
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death at some point I don't know you
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need what if I'm never gonna die then
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you're never gonna be able to retire and
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then you'll need to know how much money
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you're gonna spend every single month
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and then they listed off a bunch of
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other very important pieces of
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retirement info and I paid close
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attention got it okay I figure out what
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how much money he's gonna need per month
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and then I'll work backward from that
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based on how much money he can accrue
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and then that will be how I can figure
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out when he can retire that work
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backward model is actually what we do in
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the industry but we have to offset what
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he has against inflation as well is
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there a minimum amount of money per
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month that you suggest people have for
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retirement yeah typically what we're
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talking about like the average American
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it's going to be about $3,000 a month of
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today's I feel like Mario is a very
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humble man and so I don't think he's
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gonna need more than 3k a month okay
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just to make it easier for me so now
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that I've got a basic gist of the
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information I need to calculate Mario's
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retirement age it's time to collect the
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information let's start with something
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easy going and figure out when Mario's
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gonna die to keep things simple we'll
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assume that Mario was born the year he
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first made a game appearance this might
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not be perfectly accurate but it would
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make him almost 39 years old and that
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feels pretty right for a strangely
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smooth skinned mustachioed man though
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current male life expectancy is around
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80 years old I personally can't come to
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grips with the fact that Mario is
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halfway through his life so I'll be
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generous and say he'll die at 90 he's
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spry in order to retire Mario is going
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to need a monthly budget of at least
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three thousand US dollars but he uses
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coins tons and tons of people have tried
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to figure out how much a coin would be
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worth in US dollars but most of them
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have been thinking about coins as a
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solid gold object judging by the amount
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of coins you need to purchase simple
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objects in the Mushroom Kingdom it seems
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like coins are not really worth that
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much
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using Super Mario RPG as our guideline
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for a coins purchasing power the
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cheapest items are a mushroom and able
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juice for coins a pop shirt and pants
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are the cheapest non consumable items at
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seven coins each I wanted to compare
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these with the most expensive items in
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Super Mario RPG but I don't think I can
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figure out the real-world price of a
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firebomb without getting put on a watch
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list after doing some heavy research I
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settled on a conversion rate of one coin
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to eight US dollars given our 3k figure
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for retirement
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that just means Mario needs three
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hundred and seventy five coins a month
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right wrong Super Mario RPG came out in
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1996 and we haven't accounted for
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inflation that's why we got to compare
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these prices to similar items in Mario
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and Luigi superstar saga which came out
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seven years later I built my mushroom
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price index on these six items and just
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from a cursory glance it's obvious that
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the prices have gone up but to figure
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out by how much we got a head back to
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algebra 2 the PERT equation it's
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something I learned about a very long
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time ago and I'm pretty sure it's used
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to figure out compounding interest
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basically I got to plug in some prices
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and do some natural logs and whatever
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else the internet tells me to do and it
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will leave me with an annual inflation
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rate for that item then I just gotta
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average out the rates and it'll leave me
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with a workable annual inflation rate
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for the Mushroom Kingdom as a whole so
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I'll just go ahead and do that math in
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my head real quick
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[Music]
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thank you clean now rounding that number
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up that's an average annual inflation
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rate of about 15 percent per year which
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is really high the US Federal Reserve
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tries to keep inflation at a healthy 2%
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whereas the Mushroom Kingdom Federal
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Reserve doesn't exist due to aggressive
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lobbying by Wario in order to understand
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this a bit better
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I googled Mario hyperinflation and I got
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some exciting search results that were
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ultimately unhelpful but from what I
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gather this means that if Mario spends a
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hundred coins to buy a shirt this year
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next year he'll have to spend a little
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more than a hundred and fifteen for the
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same shirt if inflation stayed the same
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from when superstar Saga came out in
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2003 we can assume that by 2020 a simple
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mushroom is going to cost a hundred and
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twenty-eight coins
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a pair of entry-level pants will cost
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two thousand and forty nine coins so
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that original 1 to 8 conversion rate
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doesn't really make sense anymore
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using those same 2020 price comparisons
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the conversion rate is more like 36
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coins to 1 US dollar if mario retired
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today he would need a hundred and eight
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thousand coins per month but let's
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remember that mario has been doing this
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for a long time he's definitely got a
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little something was stashed away so I
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talked to Nate about his job and ways he
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might be saving money
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he hasn't been of a strange job he's
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he's technically a plumber I guess in
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title is he part of like the plumbers
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Union doesn't have a pension so I I
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would be willing to bet he doesn't have
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a pension just because I think he might
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be the only plumber he's not being
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employed by anyone necessarily he's just
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doing it and then finding his payment
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along the way okay it's so it sounds
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like he's almost like a freelancer if
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he's not getting w2 income he can't save
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into things like 401ks or Roth IRAs
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now when you say a Roth IRA what is that
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it's a way to save for retirement and
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you know as a young person you should
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definitely be doing one trying to max it
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out every single year
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it's crucial for retirement when but
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when you say crucial do you do mean
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optional
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so maybe Mario doesn't have a rough IRA
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or a four in one cake or whatever but no
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one has those I don't and I am well on
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my way to that beach chair in Boca and
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the fact is that Mario could get a lot
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of coins in his games how else could he
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spend so much on go-karting in tennis in
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the most recent Mario games the coin
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counter can only go up to 9999 which is
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the maximum amount you can store in a
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mattress so let's assume that mario has
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been saving 10,000 coins every year
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since the release of mario odyssey we
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can assume that since he's not in a
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union he isn't getting any raises to
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offset inflation so to finally figure
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out when Mario can retire we need to
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know how much money he'll need every
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year before his death for example if he
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lives to 90 years old
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he'll need 2.7 billion coins which is
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the cost of living for just one year but
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we have to remember that he's been
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saving 10,000 coins for 54 years which
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means that he would have 540 thousand
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coins saved up which is point zero two
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percent of what he needs to retire for
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just one year before his death
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and actually if the monthly cost of
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living is already a hundred and eight
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thousand coins he's gonna be
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unbelievably deep in debt which is
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actually what Nate told me via text
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mario can never retire
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you know that's bonkers though because
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there's there's no way that you know
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inflation is gonna stay that high for
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that long in fact in later Mario and
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Luigi RPGs the prices are the same or
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lower so let's just assume that from
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here on out the inflation rate stays a
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healthy 2% and you know what let's
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assume that Mario can save more than ten
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thousand coins a month in New Super
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Mario Brothers to the counter maxes out
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at one less than ten million coins
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granted this is an outlier and a
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ridiculous one at that but so is
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spending 2.7 billion coins just to
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survive at age 90 there's no way you
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could spend that much on Werther's
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Originals so let's say he's saving 10
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million coins a year since age 31 which
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might I point out is over a quarter of a
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million US dollars now if we just add up
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the cost of living of each year leading
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up to 90 we can see that Mario will have
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saved enough money to chill out on his
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boat at age 77 which is it's just one
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year below the average American male
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life expectancy higher okay you know
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what just for fun let's just throw some
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random numbers in here just to just for
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just to see you know just just for fun
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let's say Mario is starting to save
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money at I don't know my age 26 the
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inflation rate can stay the same two
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percent and let's just say that the coin
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ratio is actually just one to one with
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US dollars so he just needs 3,000 coins
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today in order to retire and and you
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know what let's let's say he could save
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10 percent of an average video producer
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salary in New York City something
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completely random like that assuming
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Mario lives to the ripe old age of 90 we
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can just plug these figures into the
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equation and figure out that
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Mario will be kicking back on the white
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sands boombox blastin Jimmy Buffett at
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the youthful retirement age of 88 are
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you [聽__聽] kidding me
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that can't be right because if mario
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can't retire then that would mean I
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would
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well he excuse me for a moment in order
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to understand this a little better
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I googled Mario hype that's just I'm
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sorry I'm just accepting this map I'm
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just accepting what I'm saying
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[Music]
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