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Money and Finances
Reply to "I said we can’t retire yet. Am I wrong?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]i think you should continue to work. your problem isn't whether you saved enough, 50 y.o. is too young to retire (and more years to support in retirement)[/quote] I just retired at 50 with $3M in the bank. Financial assure me I never have to work again. I do have health care though so that helps.[/quote] We just ran our numbers with $12m in the bank and two paid off houses. One kid launched with good job, the other a junior in college. Decided we have about 3-4 more years of working before we retire. Everyone has a different threshold and wants.[/quote] Well yes, you have to determine your "baseline monthly expenses" and then your "this is how we ideally want to live monthly expenses". I'm not retiring early in my 50s, unless I can have the "ideally want to live" level. [/quote]
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