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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Late 50's, $8.5m total, including about $2m in home equity (2 houses). Aim is to get to $10m before retirement, which if the market keeps up will be within 4-5 years between additional savings, paying off the last bit of mortgage, and market growth. DH will also get a moderate pension from the Fed Govt. [/b][/quote]

I'm the earlier poster in my late 50s who retired a half dozen years ago and now has a net worth of $7.3 million -- not quite what you have but in the ballpark.  Interesting enough, we also have two houses with close to $2 million in equity between them and have elected to keep the mortgage on one.  Out of curiosity, why are you waiting?  Why do you feel the need to "get to $10m before retirement," especially if you're thinking it'll take another 4-5 years?  By then you'll be in your 60s and will have wasted another 4-5 years when you have to have plenty of money already.  Time is more precious than anything else at this point.  What expenses do you have not including your mortgage makes you conclude that you need $10 million?  We are leaving like kings and queens on less than what you already have . . .    [/quote]

[b]Not the poster you’re responding to but here’s my answer:  there is a lot of satisfaction in work and while I don’t want to continue working deep into my 60s, I do worry that I’d get bored/restless if I stopped in my 50s.  It’s a delicate balancing— who knows if I’ll get it right.[/b][/quote]

That's fine, but the $10 million couple isn't saying that they keep working because there's a lot of satisfaction in it.  They're saying they want the $10 mil.

By the way, my retiring in my early 50s was the best decision I ever made.  I haven't worked in 6 years and haven't be bored for a second.  If you think you need to work to keep busy and satisfied you're wrong . . . [/quote]

Whoa - I am the $10m poster and nowhere did I say I am just working for the money. I like my job. I also have a ton of flexibility to work at the level I want and can turn down projects. I can spend the summer at our beach house (still working of course). My kids are adults and live in other cities. Most of my friends are still working.

As it happens I am also at the peak of my earnings at the moment, and it's hard to walk away from that for nothing particularly specific. I can spend what I want now, while also saving for retirement. I'm living a pretty good life (or at least I will be once I get a vaccine).

I also saw both of my grandfathers retire early and honestly it wasn't good for either of them. Granted that was a different generation, and they were men, but it aged them. Maybe as a result of that my father is still working in his 80s. I don't want that life either. [b]But there is nothing wrong with working until your mid 60's. In fact it's kind of normal? You should do what works for you, but don't criticize my motives for doing what works for me.[/b][/quote]

I just responded to the PP as well. I agree with your bolded comment. And congratulations on finding a work/life balance that works for you.[/quote]

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