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RE: How Much to Retire?

in LeoFinance10 months ago

I voted for 2m, but I am not sure if it registered. I don't think I would retire. I technically can in three years, but I am not even sure I would do that. It just doesn't make sense when I don't hate my job and I seem to be doing alright at it. My wife still has several years. I agree with you it would get old after the initial excitement.

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2 million sounds about right for people who have been already working consistently and are nearing possible retirement. Even spending 100K a year without investing at all, it would be 20 years. Though, that isn't far enough for me - I assume :D

As you said, 1 million could put you in a bit of a pinch. Cost of living is quite low where I live, but inflation is making it higher every day. At even 7% interest, 1m would be comparable to my current salary. I'd hate to see that decrease too much. The other number just gives me more wiggle room.

I am hoping when I retire, I won't have to worry about how much I treat the grandkids

A good goal!