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Reply to "What is your "magic number" for retirement?"
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[quote=Anonymous]50 year old here. Don't have a magic number, but if I inherited another $2M today (which is what my parent told me he intended to give me) I would retire at 57 (minimum federal retirement age). Without it, I still don't plan working past 60 as I'll have 30 years as a fed by then. Currently we have about $3.9/$4M in retirement accounts. With my future pension and 2 SS accounts we would have more than $160K annually (very conservative figure) from that alone. I think I will start collecting SS at 62 as break even is about 81. Our mortgage will be paid off in less than 8 years (current equity about $1M or so).[/quote]
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