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Reply to "how much money would you have to have in the bank to feel like you never needed to work again?"
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[quote=Anonymous]I like my job so to quit now (I'm 40), I'd need enough that I could live an even better life without it. So it would probably be $50 million or so. But that's so I wouldn't want to work, not so I would never need to work. I calculated that for me to live another 50 years with an inflation adjusted allowance of $250k/year and not to reasonably worry I'd be destroyed by either bad investments or inflation would be about $15m. Quite a lot! That said, I also have a child with disabilities who may never work so I have to take him into account. So realistically $25m to account for his subsistence and care. May not have this but will probably be close if DH and I each retire at 75 as planned. And probably don't need this much except in the worst possible case. [/quote]
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