re: How much money do people need to retire?

If your house and car are paid for and you have insurance for long term care and medical, I would say around 1.5 million should be sufficient.

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This might be more of a question for the Money Talk board but, assuming ur a financial advisor or the like- where do you have that guy’s $625k iin cash parked ? obviously you can make 4 or 5 % right now in a savings acct, though that can change in the next couple years.. or in an annuity or similar ? Just curious cause you said liquid, but i guess that could include CDs (?)

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All this cash is invested in high dividend yielding stocks and iras. Passive income is probably 34k ish a year currently.


This is just beginning for him so he has tons of options. I've just never seen something this solid. Like I said he's making close to 10k in pension pay monthly before social security kicks in for him coming in the next 4 months.

He has a decade roughly before mandatory withdrawal.

The big question is if he should sell the 2nd property which was used to house family and kids while they were in school or had a job and needed somewhere to live for a while. There is no need for this property anymore as everyone has grown up.

Need? Very little.

Want? Totally different. But I can survive on little.

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I really wouldn’t mind Mexico. There are expat communities all over the place, apparently. My end goal is to be closer to the water. Never thought about Georgia, will look into that.

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Look into Thailand.. certain members of this board will come at me with great vengeance and furious anger for even bringing it up, but that’s ok, i can take it… Thailand has great weather, terrific infrastructure, friendly people, super low cost of living in most cities, and the consistently best food ive ever had outside of South Louisiana .. not just the local Thai food, but other ethnic cuisines as well… Perhaps most importantly , their health care system is state of the art, with modern hospitals and cutting edge care- for literally a fraction of the cost of the American healthcare scam… Please dont take my word for it, feel free to research it yourself .



Downside is the flight to get there, or to any part of Asia- is absolutely brutal.. i hate the inconvenience and hassle of flying generally, but i suck it up b/c it’s worth it .

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Look into Thailand.. certain members of this board will come at me with great vengeance and furious anger

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Only because of your interests there. Nothing more.

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How much money do people need to retire?

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Yeah early retirement seems super inefficient but I’m also young (33) and can’t rely on Medicare being a thing when I retire either

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Early retirement ain't as appealing as the brochure makes it look. I sold a small business in 2007 at 42 and had enough money to retire if we didn't just go wild. I lasted exactly 14 months before I was bored out of my mind. We were living in Europe and I was traveling and spending my days in coffee shops and beer gardens and hunting and fishing all over central Europe. It was fun, for about 8 months, got tedious for a few months after that and damn near unbearable until I went back to work. I like working, however. Always have, always will. I have never been in a position where my job was unbearable for long until I made a change. If that weren't true I probably would still think I wanted to retire early. I tried it, it wasn't for me.

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Look into Thailand.. certain members of this board will come at me with great vengeance and furious anger





Only because of your interests there. Nothing more.

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As if right on cue.. .. Loser .


Lovely tropical weather up there where you live in Alaska, right chief ? And im sure you have ur pick of beautiful indigenous women lol.. And for all that, you are still subject to insane American healthcare scam prices.. unless of course you are over 65 and/or disabled, which would not surprise me in the least about you .

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Here are Fidelity's age-based milestones you can use to track your progress:

By age 30: 1x your income

By age 40: 3x your income

By age 50: 6x your income

By age 60: 8x your income

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And in the process of achieving these milestones are:

-Divorces and child support / alimony
-College for the children
-Weddings for female children
-On and on the list goes.

I would be right on track for age 60, but I'm 67 . Paying for a divorce and child support, plus college expenses for three kids, well, that forced me to put off retirement for longer than I anticipated, but nonetheless, we have over $2M in retirement savings and equity.

What I'm trying to decide is, retire now, and hang out my consulting shingle for Xtra income and write-offs, which means "semi-retired" but I keep a more expensive lifestyle, or work another few years at a slower pace, train others and help my employer expand their business and sock away another quarter-mill? My wife is ten years younger and plans to retire in about 5 years, so is it necessary to keep working, anyway? I would like to retire, play some golf, involve myself in politics and charities, restore a few classic cars, and enjoy the amount of life I have left.

My dad passed away at age 83, but was diagnosed with Alzheimer's at age 73. Between 65 and 76, he had prostate cancer (he beat it) and required a quintuple bypass and a pacemaker. His two brothers, my uncles, were all ages 2 years apart with my dad in the middle. They all passed away within six months of each other. My maternal grandparents passed at age 70 and 76 and my paternal grandparents passed at age 84 and 94. So their average age of death is 81 years old. However, my mom turns 90 this year and is still driving herself just fine and lives at home, so there's a blessing there, for sure. She's been retired since she turned 65. It's hard facts to consider as you age. You know it's coming, but when you plan for it is key. And as aI alluded to earlier, there's those pesky, unexpected money sucks that happen along the way.