re: Realistic Retirement Amount and Age

quote:

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once your residual/semi-passive/passive income = or exceeds your bills you are technically retired. When that happens is entirely up to you. Or if you just want to draw down what you have stashed but I do not operate that way.

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This and only this.

When people make these net worth or account projection threads, they almost never discuss or think about the expense side.

Because I'm looking at leaving full time employment in a year or so, I've been sitting down with various advisors for the past couple of years. Any that only looked at my investments and the passive income that they threw off, and didn't put focus on my current and future expenses, I never called back or sat down with again.

There's an old joke: "I have exactly enough money to last me the rest of my life.... as long as I don't buy anything."

How much do you need in retirement? I don't know. How much will you spend?