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All the Things You Could Buy If You Traded in Your Nest Egg

A hiker watching the sun shine on a distant snowy mountaintop

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A retirement savings plan is meant to help you live out your golden years in comfort. It’s not meant to be used as a vehicle for an extravagant purchase.

However, it’s fun to dream about what you could buy if suddenly you didn’t need your nest egg anymore.

Click through to learn about the average retirement savings by generation, and what you could do if you wanted to cash in your nest egg and splurge like the rich and famous.

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1. What the Average Millennial Could Buy

Millennials are defined as people born from 1979 to 2000, according to a 2017 study by the Transamerica Center for Retirement Studies. The study found that the median retirement savings for millennial households is $37,000.

Here are some of the unique things you could buy with that nest egg.

Find Out: Where Your Retirement Nest Egg Will Stretch the Furthest

A tiny house with wood siding

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2. A Tiny House

Price: About $23,000

When you’re still on the lower rungs of the corporate totem pole, you may be tempted to chuck everything and go live in a tiny house.

You might not be able to afford retirement yet, but your nest egg could at least buy you your very own home. According to The Tiny Life, a website dedicated to those seeking information on the tiny home lifestyle, the average tiny home costs approximately $23,000 if built by the homeowner.

Man using an iMac Pro

©Apple Inc.

3. Two Fully Loaded iMac Pros

Price: $13,199 each

If you love having the latest Apple products, you could empty your retirement savings to buy two of the company’s most expensive iMac Pros.

The top-spec machine comes with a 2.3GHz 18-core Intel Xeon W processor, a 4TB solid-state drive and 128 GB of memory, and will set you back a mind-boggling $13,199. Oh, and that doesn’t include tax or a warranty.

Sunset over the Harvard campus

©Harvard Public Affairs & Communications

4. Three Years at Harvard

Price: About $36,000

If you really want to invest in yourself, you could empty your nest egg to pay for a few years of tuition at Harvard University.

Even though Harvard is one of the most expensive colleges in the country, with a sticker price of $43,260 for one year of tuition, students on scholarship pay about $12,000 each year toward the cost of their education. Assuming you remain in good standing with the school, you can expect to pay about $36,000 for three years.

However, this doesn’t include room and board fees — and you still have to be accepted first.

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5. What the Average Gen Xer Could Buy

Transamerica classified Generation X members as anyone born from 1965 to 1978. In 2017, the median retirement savings for Gen X households was $72,000.

If you’re willing to trade in your nest egg, read on to discover some of the incredible things you could buy.

A hiker watching the sun shine on a distant snowy mountaintop

Daniel Prudek / Shutterstock.com

6. A Trek Up Mount Everest

Price: $65,000

For $65,000, mountain guide service Alpine Ascents will lead you to the top of Mount Everest, including two nights in Kathmandu, Nepal, all food and lodging during the expedition, group equipment and guides to show you the way.

But the price of this expensive, life-changing trip doesn’t include airfare to Nepal, a required medical test, insurance or personal gear.

New York hotel suite overlooking the

©Mandarin Oriental Hotel Group Limited

7. A Five-Night Stay in an Expensive New York Hotel

Price: $70,000

The Mandarin is one of New York City’s most expensive hotels, and the Oriental Suite is one of its priciest options, costing $14,000 per night. The room includes a master bedroom with a king-sized bed, bath and walk-in shower, walk-in closet, kitchen and dining area, with views of Central Park as well.

See: The 30 Priciest Hotels in America You Wish You Could Afford

A red Mercedes-Benz

©2018 MBUSA

8. A Souped-Up Luxury Car

Price: $71,600

If you’re around the median savings for a Gen Xer, you’re right in line for a fancy new car.

With $75,000 at your disposal, you’ll have plenty of options to choose from. For example, the Mercedes-Benz AMG E 43 has an MSRP of $71,600, and comes with a 3.0-liter V-6 biturbo engine capable of delivering a zippy 396 horsepower.

You might want to consider a more economical option, though. Luxury vehicles like these are notoriously expensive cars to insure.

A smiling older woman discussing retirement options

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9. What the Average Baby Boomer Could Buy

According to Transamerica, baby boomers are defined as people born from 1946 through 1964. The median retirement savings for baby boomer households in 2017 was $164,000.

Click through for some of the most outlandish items you could afford to buy with this kind of nest egg.

Protect Your Retirement: Don’t Let Inflation Ruin Your Nest Egg With These 10 Tips

Cocker spaniel puppy

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10. A Clone of Your Favorite Dog

Price: $100,000

If you had a dog that recently passed away that you wish you could bring back — and had the foresight to preserve its DNA — you might be in luck. In 2015, Sooam Biotech Research Foundation, a nonprofit biotechnology organization based in South Korea, successfully cloned a U.K. couple’s deceased dog for $100,000.

So if you want Fido to come back to cuddle with you in your old age, you can make it happen as long as you’re willing to part with your nest egg.

Massive Ordnance Air Blast

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11. Massive Ordnance Air Blast

Price: $170,000

The Massive Ordnance Air Blast — sometimes referred to as the “Mother of All Bombs” — costs the Air Force about $170,000 per unit to produce.

If you enjoy watching large explosions, this bomb features high explosives and GPS navigation to make sure it hits its target. Good luck getting your hands on one, though.

Up Next: How Much You Should Have in Your Retirement Fund at Every Age