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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have 2M and I don't feel secure.  I'm not pathological but like OP I realize everything is a house of cards.  Most is tied in house/investments.  Take out house/ college savings we have 1.2M which is only 50k per year at 4 percent withdrawal rate...  If the stock market declines by 50 percent that's 25k per year.  We have no pensions and social security will be broke by the time we retire.  We are 45.[/quote]

Well, if it helps, that $1.2M at 6% will be $3.8M when you hit 65. Assume you take out $150,000 a year. Offset by a 2% return, your net annual withdrawls are then 77K a year. That would last you another 37 years, at which point you'd be 102 years old, or more likely, dead. [/quote]

Yes but inflation may take a big bite.  Leading senators talk about means testing social security and I really don't think it will be available to me.  I know I am doing well but my definition of being  financially secure is not having" to work again.[b] Like a PP mentioned, I lost half of my savings in 2008.  I went from 600k to 300k.[/b]  Realistically, I feel if I save for retirement at my current level for the next four years don't retire until 60 and don't have a job loss/ health issue I will be fine. But 1.2M is not enough that I can say screw work and retire.[/quote]

It seems to me that you should have learned a very important lesson:  Certainty about the future is NOT possible.

Even if you save a lot of money, it's still possible to lose it.  Things could still happen to derail all of your plans.

And everything could go well -- you could save more than enough money, stay employed, retire at 60 and then die of a heart attack when you're 61.

The best you can do is live reasonably, everything in moderation (saving and spending), such that you are enjoying your life NOW but you are still saving some money.  And then the rest is sort of out of your control.

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