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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]248k is nothing.[/quote]

Totally depends on context.   We retired early and live on that amount almost exactly and are living like royalty.  Two very nice homes, travel, restaurants, treating the kids and grandkids to lots and lots etc.

When you don’t have childcare expenses, college expenses and don’t even have to worry about saving for retirement anymore because you’re already there it’s amazing how far money goes.   Of course, the downside is that you’re that much closer to death lol.  [/quote]

Maybe your homes are paid too.

This is what a lot of people forget about their retirement “number.”  For many, the income needed to sustain a lifestyle in retirement is significantly lower to build it for all the reasons the poster mentioned.

Essentially, when you have no wealth, you need an income that can both support you AND build a nest egg. When you retire, you have a nest egg that only supports your current variable spending (all the fixed costs were pre-paid). [/quote]

Actually we do have a mortgage on one of the houses but the rate is so low we don’t want to pay it off.   Our net worth is much higher today than when we retired because of the market.  [/quote]

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