Reply to What's your "number"?

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[quote=Anonymous][quote=Anonymous]This thread is completely depressing.  It makes me wonder again if we should ask jeff to make a separate money thread for the crazy rich so that normal people can discuss normal issues without getting sidetracked with this kind of bullshit.[/quote]

I'd ignore most of these ludicrous targets.

We both retired in our late 40s', we've put three children through college - one at a state school and two at private colleges where the tuition based on today's cost would be well over $50K annually.

We live in a house that is valued at $1.5 million and are still making mortgage payments and have a second home abroad, that we own outright. We are looking to downsize our primary home because we don't need such a large house.

We live well, vacation overseas a couple of times a year.

And here is the clincher: we did not have a net worth resembling anything  like the numbers stated on this thread when we retired and our net worth today is about half what it was when we retired. We don't ever worry about whether we will have enough money down the line. Absent any financial catastrophe we will be fine.

So my advice for anyone who is even mildly disillusioned because they are not and will not reach these targets is to use one of the calculators available for estimating what you will need when you retire to maintain whatever lifestyle you think is appropriate for you.
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