re: How much money do people need to retire?

How old are you now, where will you live, do you know your estimated SS distributions?

Retiring at 65 next year will yield a different answer than if you're retiring at 65 in 25 years. I would want more the younger I am to account for inflation and other financial changes that occur over longer periods of time.

Generally I'd say you'd want your retirement accounts to generate $125k/year while still growing in low risk investments. So somewhere between $2.5-3 million in assets at retirement would be my minimum in a general sense.