Reply to How much do people have saved for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Most of the posts on this thread are junk.  The starting question is how much money do you need?  [b]As one PP said if you need $120,000 a year you are in good shape.  [/b]

But for the people that say you do not need more than a certain amount ----- it all depends.  I have made near or over $1 million for a long time.  I am 5-10 years from retirement.  We do quite well.  We save a lot; we spend a lot.  I could decide to reduce the current lifestyle; I do not intend to.  As a result I would like 50,000 a month in retirement.  [/quote]

$120K per year is not that "little", still need $3.5M invested to pull in that much safely.[/quote]Not if Social Security covers some of it. [/quote]
+1

We will have abour $3mil, and pull $140K.  Retiring before 60.

Obviously prior to 62/65, we will pull more from our retirement, but once we hit 62/65, we will get the max social security - about $60K/yr between  my spouse and I.
[/quote]

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