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View Poll Results: For those of you that want to retire, and those that have recently retired, how much money do you ca
500K or less 10 3.07%
750K 22 6.75%
1 Million 44 13.50%
1.25 Million 36 11.04%
1.5 Million 35 10.74%
1.75 Million 16 4.91%
2.0 Million 56 17.18%
2.5 Million 38 11.66%
3.0 Million 35 10.74%
4.0 Million 15 4.60%
5.0 Million 9 2.76%
More than 5.0 Million 10 3.07%
Voters: 326. You may not vote on this poll

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Re: What is your magic retirement number in US$ dollars?
Old 04-26-2007, 08:48 PM   #61
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Sarah in SC's Avatar
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
Re: What is your magic retirement number in US$ dollars?

I was just having this conversation with my two bosses. The 71 yr old, won't retire one says, you'll need at least 2 million to retire, and in fact, why don't you talk your husband into working past 65 to 68 to boost your nest egg. The other, younger one says, well you'll need $70k a year, so at least a million, but maybe not 2.

I said thanks, but DH is retiring in 6 years, at 50, and I'll follow him out the door as soon as our investment assets hit $750k, as our expenses are around $30k a year.

Ah, nothing like working in the land of high net worth folks, with expenses to match!

“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way

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