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This question is posed to those that have retired early without a pension. I have heard that as a rule of thumb, you should have a portfolio that is 25X your anticipated annual $ needs (assume before tax $). While this may be age dependent, for those that have RE'd without a pension that are living on lump sums,* what was your metric in terms of annual need X __ that made you comfortable in pulling the trigger?* *
In my case, I am looking at $70-75K annual need, which will most likely keep me working for another 4 years, unless the market is overly kind to me, before I can RE at age 60.* For me, cutting expenses is not an option, since I still have one child in HS and another is a college sophmore.*
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