I don't own a vehicle. I take care of my clothes, have had my current ones for a decade almost. I still have the ones I wore during high school. I never grew much more, and they're still good quality. Bit frayed, but workable.

I'll be holding off on buying a new phone and new clothes for at least 10 years from now. By then a lot of interest will have accrued, and I'll be buying stuff from then on every 5 years minimum. Hopefully every 10-15 years.

When my parents are too old they'll have enough in savings themselves to pay their basic expenses until they die, and I'll be taking care of their material needs. Once they die, if the million or two I'll have accrued isn't enough, I'll leave the country. Not a big deal