re: What's your benchmark for retirement?

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while still working would likely fall in a higher bracket

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Trying to take advantage of kids. And I’ll be in a higher bracket in the future

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exceeding income threshold

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This is my limiting factor. I’ll move just enough to keep me from next bracket.

Edit- not exceeding income threshold but taxable income bracket.

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but what is everyone doing for health insurance?

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Fortunately, I go Tricare Prime at 60, then TFL (plus Medicare) at 65, so I've got a leg up there, as well.

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It is similar as a financial talk show host (whose name escapes me) that I used to listen to who called it critical mass.

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The great Bob Brinker.

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People should be starting companies so they’ll have free cash flow for as long as you want

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This advice is often repeated but not realistic for a large portion of the population

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65 years only to have 8 in retirement

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My dad retired at nearly 66. He’s 69 now, he had big plans for travel and enjoying the fruits of his labor with a boat and house on the water. His back problems have gotten in the way.

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Seriously, I hope I can work for the rest of my life. I may work less at some point and travel more, but I'll still do some sort of work.

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I find that at this phase in my life/career, I’m not enjoying travel as much because I’m thinking about work before, during, and after traveling. I may be visiting a noteworthy location but I don’t enjoy it as much because my mind is on work. The work phone is always there and always beckons.

I prefer the idea of retiring, then enjoying life while seeing the world without the constant reminder of other work related responsibilities where other people need me to get back with them on various issues.

Kids will be out of the house by 50.

I'm working my industry job until 55.

Then I'm retiring to go teach for DODEA and live in Europe for another 10-12 years before calling it quits and coming back home.

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I find it odd in these threads that everyone speaks to their retirement assets and never any taxable accounts. I retired a few weeks before turning 48 and if taxable accounts weren't roughly half of my investments at that time that wouldn't have happened. With QDI tax rates being very low and if you stack loss carry forwards through the years it is cheap to live on taxable accounts.

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I'm 45 and hit roughly $1 million in assets this year. Like you are saying, $300,000 of that is Roth IRA and Roth/403b, the rest is taxable (or at least not tax advantaged in any way). I'm maxing out the 403b at $22,500 a year and doing $6.500 backdoor to the Roth IRA. I do at least that much a year to other taxable retirement savings. My plan is definitely to cut back at 50 on outside work and cut back even more significantly at 57 when I would have a full pension. I could then ride out my other saved assets until 72 for RMDs from the Roths.

My original plan was to work until I die just because I think its healthier to work than not work but my mother died this summer 3 years after retiring. She had significant medical issues the last 2.5 years that prevented her from doing much of anything. I don't think she wished she had worked longer.

55 is the target age.

$90k/yr is the target retirement income.

TY