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Reply to "At what age do you plan to retire?"
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[quote=Anonymous][quote=Anonymous]My plan is to retire when we have 4M to 5M in retirement assets. Need a min of 2.5 to maintain our lifestyle/not feel like a slave. Now we have 1.2 and we are 43. Will retire or try to get flexible jobs in our late 50's. I've worked like a dog my whole life. I would like to watch grandkids. My kids will be close to 30. Mortgage should be paid off in 3 years with extra payments) 6 without. Saved enough so that both kids could go to college in state without loan. If they get into an Ivy, it would be hard. No plans to help with graduate school now except live with us for free etc. Wedding I will give them money and they can choose how to spend it.[/quote] My goal is $7.5M, but thinking maybe $5M is enough / more realistic. Assuming I hit that at 54, Kids will be 24 and 21. Have $1.6M so far. Hoping to hit $2 by 40 (6 years). [/quote]
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