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Reply to "Why wouldn't you retire on $5M?"
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[quote=Anonymous]I don't think our life is that fancy, but we have teens and spend more than $10k a month. Our food bills are well over $1k/month, car insurance for teens, tuition costs....the kids are expensive. Vacations with them are a ton. I think our costs will go down a lot when they launch, but we're not there yet. And I'm only in my 40s. That's a lot of years of health insurance and expenses to pay for, when I mostly enjoy my job. So I don't feel it's at all a sure thing at this point. Also, my friends all work, and my kids are gone a lot. I feel like I would lose mental stimulation and social contact if I stopped working now. I have a couple long-term SAH friends and many of them have taken up jobs (interesting retail, that kind of thing) because with kids going to college they are ready for something new.[/quote]
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