re: Yes, another retirement thread - RE: How much you need to retire

I know people who are recently retired. the 2 categories of people doing the best are 1)life long employees of fortune 5oo companies that worked there for 30+ years 2)entrepreneurs with profitable business.

as has been stated previously, the life long employees live CONSIDERABLE better than they did during working years. this is a result of a STRONG company pension and two workers in household. add in 401k(which was dippled into periodically) and there you go. these people were not major savors in fact one couple paid for their kid to go to Tulane for 4 years out of savings/401k.

ps. expenses do go down in retirement as long as the children and grandchilden are gone.

the moral in all this is if you start early and you contribute consistently over 30+ years then you will end up in good/great shape. and no, none of these guys were highly compensated people, moderately compensated at best and
only half of them had college degrees.