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Reply to "What is your "magic number" for retirement?"
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[quote=Anonymous][quote=Anonymous]We're in NoVA, in our 50s with 2m not including our house. No pensions. Not particularly high earners (about 125k/yr single income with excellent benefits incl. significant retirement match) nor spenders (we have been able to save plenty on that income). I don't really think in terms of a magic number, rather I calculate--could we live on our assets comfortably now if I lost/quit my job. We're at the point now where it would be fine but we would probably have to relocate to a LCOLA and it may not be enough to do everything we would like to do. So from this point on, the "number" is really how much more do I value extra comforts/freedom/flexibility in retirement over the freedom of not working. Currently I enjoy my work so the choice is easy--that could change.[/quote] This is a healthy outlook! [/quote]
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