How much do you need?

[CaptMarc]

https://www.fedsmith.com/2019/03/04/much-money-need-state-early-retirement/

It seems age 45 and 35 graphics are reversed...

 

[candrew]

How about including a brief excerpt?

 

[Vacation4us]

A new analysis from the cost information website How Much shows how much of a nest egg you need in each state to achieve financial independence for an early retirement.

The data used in the analysis were compiled by Go Banking Rates to take into account the annual expenditures of people at 35, 45, and 55 years old. They are then compared to cost of living data from the Bureau of Labor Statistics to arrive at the total in savings one would ideally have in each age group to make his or her nest egg if retiring at that age.

 

[Vacation4us]

^^^
From the article mentioned.

Essentially 1.5 to 2.5 million depending on age and state the coasts are at the high end middle America less.

 

[ShokWaveRider]

How about including a brief excerpt?

It is very short, take a chance and read it, it will take you a whole 10 secs to get the idea.

 

[mistermike40]

You can retire at 35 with less money than at 45?

I agree with OP, those graphics must be reversed.

 

[GravitySucks]

Uh Oh.
Looks like I must go back to work!

 

[robnplunder]

Uh Oh.
Looks like I must go back to work!

No, just move to a lighter color State.

 

[GravitySucks]

No, just move to a lighter color State.

Still would not have qualified back when I retired.
Somehow struggling through. Must be getting by on my good looks.

 

[kgtest]

^^^
From the article mentioned.

Essentially 1.5 to 2.5 million depending on age and state the coasts are at the high end middle America less.

That is what I am shooting for. 1.5 to 2.5mil invested at FIRE@50, obviously the more the merrier. Also want all mortgages paid off to lower COL in FIRE, for peace of mind. Of course SS, Pension, Rental Income and any potential inheritance should make the journey easier.

 

[wmc1000]

Like most analyses, too many variables to come up with a valid answer.

 

[bingybear]

Guess I failed

 

[robnplunder]

Like most analyses, too many variables to come up with a valid answer.

+1000000. I LOL'd after going to the link.

 

[COcheesehead]

*cough* it all depends on your expenses *cough*

 

[24601NoMore]

*cough* it all depends on your expenses *cough*

Exactly!! But don't tell Fidelity, TRP, Vanguard, Ramsey or any number of other hucksters that. It's X% of your current salary * some mysterious, random multiplier - didn't you know that?