Quote:
Originally Posted by loochy
My target has always been 2 mil to retire comfortably at 60, so 4 mil at 40? My thought is 100k a year until age 80...yes,it's a significant reduction in current salary, but I'd think with Medicare, social security, a paid house, and children gone it would be enough (inflation scares me though) . It all depends on your home and health status, marital status, children, etc.
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If your house is paid off, no kids in the house, and I assume no other major financed purchases what would you need 100k per year for? If you are planning on spending significantly on travel, I could see it, but just to retire comfortably I would think it wouldn't take that much income if you didn't have significant bills like a mortgage, car payments, boat payment, etc....