Can this person retire?

With this little bit of information, vote for the people (assume US) you think can retire:

  • A person 40 years old, 1 million in assets, no retiree benefits

    Votes: 1 1.3%
  • Same person, but 1.5 million

    Votes: 1 1.3%
  • Same person, but 2 million

    Votes: 0 0.0%
  • Same person, but 3 million

    Votes: 0 0.0%
  • A person 50 years old, 1 million in assets, no retiree benefits

    Votes: 0 0.0%
  • Same person, but 1.5 million

    Votes: 0 0.0%
  • Same person, but 2 million

    Votes: 1 1.3%
  • Same person, but 3 million

    Votes: 1 1.3%
  • A person 60 years old, 1 million in assets, no retiree benefits

    Votes: 1 1.3%
  • Same person, but 1.5 million

    Votes: 0 0.0%
  • Same person, but 2 million

    Votes: 0 0.0%
  • Same person, but 3 million

    Votes: 2 2.5%
  • A person 65 years old, $100,000 in assets, no retiree benefits except for Social Security and Medica

    Votes: 3 3.8%
  • Same person, but $250,000

    Votes: 2 2.5%
  • Same person, but .5 million

    Votes: 15 18.8%
  • Same person, but 1 million

    Votes: 8 10.0%
  • Same person, but 1.5 million

    Votes: 45 56.3%

  • Total voters
    80
Hmmm, that is kinda odd. So more people think a 50-60 year old would be better able to retire with $2M, versus $3M? And a 65 year old is better off with $1M than $1.5? Strange. :-\
 
Honkie said:
This question could and should be reversed.

"What lifestyle do you and your family require in order to be happy/comfortable with permanently giving up employment".

Definatly the question. It should be a requirment for anyone to provide the answer when they ask if they have enough to retire.
 
Martha said:
But at 30, you have pretty good odds of marrying and having a family.  Plus who knows what would happen in the next 60 years. 

You pays your money and you takes your chances.  That's life.

Who said the millionaire 30 YO couldn't go back to work if they started a family?

Who said the 65 YO multimillionaire couldn't get wiped out by lawsuits or health costs?
 
HaHa said:
None of these people should retire. Retirement is morally bankrupt at any age. Die with you boots on! Or your Ferragamo pumps, or your Allen Alden's.

Exactly. Stop the agony, soldier on.

Society will have more respect for you. Your adult children will think you're a hero, and above all you'll feel better about yourself.

And besides that, the damn golf courses and fly-streams are crowded enough already. ;)
 
there's something wrong with the poll..how can you have a lower number of yes answers to bigger assets at the same age

If 1 M is enough, the higher numbers will also work. Why bother selecting something that is obvious.
 
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