accountingsucks
Recycles dryer sheets
- Joined
- Jan 28, 2006
- Messages
- 346
Most of us under 35 will have no company pension plans, reduced SS (OAS, CPP in my case from Canada) so we will have to do it on our own. Given that, what is your magic number that would let you pull the plug? Please show in future dollars?
For me
Conservative:$2Mil
Probable: $1.3Mil - this would generate about $50K pretax income which is where I think I need to be
Aggressive: $750,000 - I'd have to live very frugally, or get some kind of part time job, so it wouldn't really be retirment I guess.
Right now, I'm 31 and spend about 20K pre tax per year....no kids yet.
For me
Conservative:$2Mil
Probable: $1.3Mil - this would generate about $50K pretax income which is where I think I need to be
Aggressive: $750,000 - I'd have to live very frugally, or get some kind of part time job, so it wouldn't really be retirment I guess.
Right now, I'm 31 and spend about 20K pre tax per year....no kids yet.