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[quote=Anonymous]The common theme to this thread is there is different comfort levels to retirement for different folks.

For me, I intend to retire as soon as I am eligible as a fed: at age 57, when I hit 30 years. Originally I was thinking 62 or 65. But then I watched my father get diagnosed with Alzheimer's at age 67, and now at 69 he has been in a LTC setting for a year. He retired at 64. Made me realize life is short and it would be great to live to my 80s or 90s, but its not guaranteed, and I don't want to spend the bulk of it working.  Dad's monthly care is $6,000. It's expensive, but doable for my parents, as Dad's pension covers most of the cost, and my Mom lives off their SS payments and the interest their investments earn.

What is funny to me is my Mom acts like she is poor. They have 1.5 million in investments, another 250K in cash, and the equity in their home is 1.5m. When Dad eventually passes, she intends to sell and downsize, so she'll probably pocket about 1 million or a little less. She somehow feels like 2.5-2.75m is not enough for 1 person to live off for another 20 years or more. She pinches pennies, pretends like she is 1 month away from financial ruin, and is constantly stressing about money. It drives me up the wall at times, as 99% of other retirees live on less, and her attitude comes off to me as ungrateful and lacking of perspective, but I try to moderate it with an understanding she came from a very poor background as a child. Anyways, my point is, people have different thresholds for what they need to feel comfortable in retirement- there is no one size fits all. Its unique to each individual or couple and what their goals in retirement are.  My husband and I are on target for 1.250-1.5m in investments when I retire at age 57 (in another 13 years), and between that, 2 pensions bringing in around 90K/annually, and SS, I think we'll be able to swing it just fine. [/quote]

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