Originally Posted by SingleMomDreamer
I am not a big spender and I just can't see accumulating to a point where I end up dying with a million bucks still left in the bank. I am wondering if I should keep plowing $$ into my retirement funds, or should I start to prioritize investing outside of my retirement, which I'd like to use to help support my ER.
It all depends on when you want to retire. You mention $2mm @ 65. Then you mention ER. The onlything you can do today is project your expenses in retirement. Target the desired age of retirement. Identify any income streams you will have in retirement. Then determine the size of portfolio needed to fill the income gap.
Personally I would over save a little in the early years to better ensure my plans are not interrupted. But... You are correct, once you are properly funding the target retirement plan... you may decide that you can spend more today. Let's face it... You work to earn money to support a particular lifestyle. If you are forgoing things you would like to acquire, you may be able to afford those things. That said, I would not spend frivolously.
Another way to look at it is if you want to ER and you have a lifestyle that requires less spending. Your aggressive savings may allow you to ER sooner than you expected.