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deeprig9
Georgia Fan
Member since Sep 2012
35137 posts

re: What’s your call it quits number
However much I have when my kid is turns 22. That's my cutoff. I'd quit now if I didn't have dependents. frick all this work bull shite.

Eta- that would put me at 59.5, the perfect number. Id rather it be 55 but oh well.
This post was edited on 9/9 at 5:51 pm


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60
FinleyStreet
Georgia Fan
Nashville
Member since Aug 2011
5878 posts

re: What’s your call it quits number
quote:

What’s your call it quits number


Way less than anyone on this board. I'm trying to dump as much as I can into retirement before I peace out and go part time. Let the stash grow until 65 and and hope for the best.

Work blows.


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70
GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
13207 posts

re: What’s your call it quits number
Well my numbers are a little optimistic but like I said I have expensive goals. Apparently my numbers didnt sit well with some but the question was your quit number, for anyone younger than 50 that number is going to be fairly substantial unless plan to live like a complete hermit and have no children.


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64
Tigris
Montana Fan
Fernando Poo
Member since Jul 2005
9860 posts

re: What’s your call it quits number
$1.5 million, and I have that. My current company is letting me work half time and I enjoy the work. Retirement is still several years away, even if I could be drawing social security now. But it's nice to have "frick you" money saved and not have to give a damn about holding on to a job.


crazycubes
Member since Jan 2016
4768 posts

re: What’s your call it quits number
5 mil.


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stout
Arizona Fan
Back in God's Country
Member since Sep 2006
139911 posts

re: What’s your call it quits number
quote:

$1.5 million, and I have that. My current company is letting me work half time and I enjoy the work. Retirement is still several years away, even if I could be drawing social security now. But it's nice to have "frick you" money saved



$1.5 isn't frick you money, dude


Decisions
LSU Fan
Member since Mar 2015
991 posts

re: What’s your call it quits number
quote:

Is working, working, working the only thing that gives life meaning?


It’s not the actual work that is craved. It’s the sense of progress and achievement. I’m at my absolute worst when I’m between projects/goals. It makes me listless and irritable.

Even if I’m hugely successful and wealthy beyond my wildest imaginings I’ll still do some sort of work (Though others might prefer to call them eclectic hobbies).


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40
Tigris
Montana Fan
Fernando Poo
Member since Jul 2005
9860 posts

re: What’s your call it quits number
quote:

$1.5 isn't frick you money, dude


At my age and circumstances it absolutely is.


kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
62749 posts

re: What’s your call it quits number
I'm feeling better now, as it seems the meaning of this was to retire "now" at whatever age you are and not say at 59.5 or so.


GREENHEAD22
LSU Fan
LafayettebywayofBush
Member since Nov 2009
13207 posts

re: What’s your call it quits number
That the way I took it.


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Member since 2001
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mrgreenpants
Ohio State Fan
paisaland
Member since Mar 2018
159 posts

re: What’s your call it quits number
there were 2 numbers..

1st was when passive investments covered my expenses (when i knew i COULD slow down if i wanted)

..2nd was when passive investments(RE) exceeded income from day job (thats when i did actually take off the 1st time)


This post was edited on 9/10 at 10:22 am


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TopFlightSecurity
Arkansas Fan
Savannah, Georgia
Member since Dec 2018
575 posts

re: What’s your call it quits number
quote:

What is everyone’s “I’d quit work today” number for retirement. Or for those who like their job and would keep going. What would be your I no longer need anymore for retirement number? Just a friendly poll


When I hit 20 years of dedicated service to Uncle Sam and can collect a pension.

Made sure to invest early in my career so I would be able to do anything I wanted after 20.


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10
baldona
Auburn Fan
Florida
Member since Feb 2016
10249 posts

re: What’s your call it quits number
quote:

I'm feeling better now, as it seems the meaning of this was to retire "now" at whatever age you are and not say at 59.5 or so.


Yes my quality of life would go down with under $4 mil or so, I mean that's $120,000 at 4%. I make more then that now. Given my expenses would go down, not working anymore you can do a lot more yourself, buy fewer vehicles, not save for retirement, etc.

But there's still some things professionally I'd like to accomplish and I'd like to try and have a better life then what $4 mil now could provide me. I don't plan on being dirty rich and I know that sounds absurd, but living off of $4mil in your 30s for the rest of your life without a job would be daunting for a couple of years.


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
16593 posts

re: What’s your call it quits number
4% would be 160k.


jralspanky
Fargo
Member since Apr 2009
833 posts

re: What’s your call it quits number
quote:

4% would be 160k.


Sure glads he's not doing my retirement


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60
baldona
Auburn Fan
Florida
Member since Feb 2016
10249 posts

re: What’s your call it quits number
quote:

4% would be 160k.


Ha, yes I know. But in my 30s I'd likely be very conservative for a long time.

Going back to work at 42 after having not done shite for 8 years would suck. I mean who wants to work at 42?

ETA: That's also pre tax income.

FWIW, I'm not saying I couldn't live with less. I'm just playing along with the game here and saying if there's a number I'd prefer it would be that.

There's a huge difference between the number you need to retire at 59 with no kids in the house, house paid off, kids out of college, etc. Then the number you need in your 30s that includes kids college, house payments, cost of living increases, etc.
This post was edited on 9/10 at 12:49 pm


fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
16593 posts

re: What’s your call it quits number
I'm assuming if I have 4 million that I'd also have zero debt. Obviously I'd still have recurring bills but I'd pay off all of my debts first.


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buckeye_vol
Ohio State Fan
Member since Jul 2014
31862 posts

re: What’s your call it quits number
quote:

4% would be 160k.
How are you all coming up with these numbers? The monthly income with $4 million and a 4% return for FIFTY years is $15,516.73 or $186,200.76 per year.

You could retire for 100 years and still make more than $160,000 annually with $4 million and a 4% return.


jralspanky
Fargo
Member since Apr 2009
833 posts

re: What’s your call it quits number
The 160k is the interest earn on 4 million @ 4%


buckeye_vol
Ohio State Fan
Member since Jul 2014
31862 posts

re: What’s your call it quits number
quote:

The 160k is the interest earn on 4 million @ 4%
OK? But that’s not the relevant figure when determining one’s annual retirement income, and I don’t believe that’s what Baldona was referring to either.
This post was edited on 9/11 at 11:09 am


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