re: Discussion about retirement spending and how much you should save...

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its called frick you money. I am pretty close to having it, and the closer I get the more I want it.

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I hear you man! I'll be 46 in a couple of months and literally can't stand having to get up in the morning, shower, clean clothes, etc. I want to walk out my front door, drown a few crickets and cobeers every day for the rest of my life.

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If I could actually live off 80% of my current spend, I could retire next year. Retiring at 42 sounds really nice but also fricking ridiculous. Prime earning years and all.

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But yeah, prime earning years, 3 teenagers to get raised & educated... time to make the donuts I guess

I may be crazy but I think I can live off of next to nothing once I get the kids on their own and get the house paid off.

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How would you factor your "retireability" when you have a spouse who retired from a job with a pension? How do you factor how much you need in retirement with regards to a pension being received for life?

We could live off of my wife's pension completely, we have no debt at all, so I'm trying to decide how much % in retirement I should pull out because most of it would be money I wouldn't need for daily expenses, but more for enjoyment spending. I think.

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Start with your desired spending level and then work to what to pull out, but make sure you can pull that out over 30 years.

I skimmed, but also, keep in mind that you don't stop earning on the money you haven't withdrawn. It can still keep pace with inflation.