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Reply to "Early Retirement Overseas...How much do you really need?"
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[quote=Anonymous]Single dad here with two kids (High School and Middle School). I lost everything during the 2008 Financial crash and had start all over again saddled with debt. I'm debt free now (woohoo!) but I"m just burned out from work and personal issues in my life. I earn a great income and finally have some savings. I'm so done with the rat race and just want to check out early and retire around the age of 42 to 45..I'm 38 right now. I have no pension or retirement…all I would have is my savings. I'm wondering what is the right savings amount to be a true escape artist? $500K, $1Mil, $2Mil I'm thinking if I can reach about $1 Million in savings I could live off that and enjoy a nice lifestyle abroad. Am I being naive? Should I even bother putting funds into a retirement account at this point or just pile it all into savings? Any other tips or insights would be appreciated...Thank You!!![/quote]
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