re: How much money do people need to retire?

I had it explained to me once like this... take any monthly bill, say cell/internet.. Lets say you pay $200 a month for 2 phones and internet.. How long do you want to be retired? 30 years?
$250 x 12 months x 30 years=$90k.

Now do that for all your monthlies, adjust for inflation, add for vacations, incidentals, etc...

I quickly realized I'll work til I drop dead.