Reply to Saving for retirement when you don't plan to retire?

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[quote=Anonymous][quote=Anonymous]You don't need huge amounts of money, OP, as some people on DCUM seem to think, but you need more than health care and incidentals. You need to save enough that, if when you are 65 or 70 you find you can't work anymore - your spouse needs your care, you find your mind isn't sharp enough, you simply can't keep up the pace, you get sick, etc. that you have enough to cover your bills for the next 20 years. One can live a LONG time not able to work, but not sick enough to qualify for long term care, even if you wanted it, so your long term care insurance would do squat for you. My mom and dad are in this situation - they both planned to work forever, but my dad had to retire from a job he adored at 62 because of Parkinsons, and my mom retired a few years later to be around more. He is just now, 10 years later, qualifying for long term care insurance coverage of things like house keeping and transportation around town. You cannot plan to work till you die, OP. You can hope to work till you die, but it isn't something you can plan for. You have to plan for the likely scenario (debilitation for decades before death) and hope for better.[/quote]

OP here. Thanks for sharing your personal experience. Honestly I've never experienced that sort of thing in my own family. Everyone either dies around 70-75 or lives until 95-100 with no in between scenarios. I was looking at my investments and just wondering whether or not I could say, get to the point where I had $2 or $3 million saved and then feel ok about just spending freely from that point onward. I should mention that I don't have children and don't see that happening either.[/quote]

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