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[quote=Anonymous][quote=Anonymous]I agree OP.

Once the kids are out of college and we are ready to retire we can downsize to a lower COL and our expenses will plummet. I am estimating 50k a year for us as a couple. (And this is being pretty generous. We could swing it on $35.)

We will have either no mortgage, an extremely low one, or rent. We are modest people -- our biggest splurges are occasional travel and our kids.

So in my case let's say we need about 4k a month. Maybe a third will come from SS and a third from our retirement funds (about $1 mil) and a third from savings/profit from our house which we plan to sell (about 1 mil).

I think we'll be fine. And I think my kids will still get a little chunk of change when we die.

So for people/couples like me (not big spenders or lavish lifestyle) I would sat $2 mil plus SS.[/quote]

I think you have to double to $100k.  My parents retired in 1997 and moved to a lower COL (Carolina coast).  They spent about $50k a year then.   They were frugal depression babies and generally took one big (not DCUM big)  trip a year.  So, with inflation, I think you need $100k to do it now- more if your retirement is further off.

I would also caution you about the lack of decent primary care doctors in many LCOL areas.  Both my of my parents’ lives were cut short by inept doctors.  [/quote]

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