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Reply to "Why do people with millions of dollars still work?"
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[quote=Anonymous]You need 5 million to retire at 67 if you don’t die young. You need 10-20 million to retire young. Look if I retired young at 57 I had two kids in college which cost 80k a year plus my family medical would be 24k plus my house is 60k a year plus plus 48k in living expense. I be pulling cash at 57. Even 5 million be gone quick. At 70 folks downsize, kids done college and moved out. At 50 it crazy time. I was making 400k spending early all with two kids in college and all my other stuff and I had 1/2 paid for in 529. [/quote]
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