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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I retired from Biglaw a little over a decade ago at 53 with a net worth of about $4 million.  Net worth is now $8 million plus — $5.5 million in retirement accounts, $1.2 million in brokerage and checking and the rest in equity in our primary and second homes.  We bring in about $75k a year in SS and rent on our English basement apartment.

My law firm has covered our medical insurance since I retired but I pay the full premium.  Once I hit 65 I will switch to Medicare and so will spouse (who never worked outside the home).  Kids fully launched long ago and college long paid for.  Monthly budget of $20k is proving to be plenty and financial advisor calculates “likelihood of success” at this spend rate at 99 percent with a large nest egg leftover for the kids.

Have never been bored even when doing nothing.  Absolutely love being retired despite
the large opportunity cost that I paid and have never looked back.  It’s awesome.
 
[/quote]

Zero opportunity cost to to you but a ton for your children and grandchildren and grandchldren.

I could stop working now my self. But I like to pay kids weddings, help with downpayments in homes, afford to do family vacations, host Xmas. Host bridal showers. I know 8 million seems a lot but remember the 1970s a period of almost no stock gains and high inflation. You end up pulling from 401k and savings accounts way faster than expected in those time period. We are in a bull market since 2009. My brother retired in 2022 and his net worth is way way up these last three years not working. Had like 10 million has line 13 million even with spending. He is 99/10 stocks vs bonds. That’s not normal. Now if stocks fell 10 percent a year last three years and him not working might go other way [/quote]
dp.. I would hope that my kids would be financially stable enough after we paid for the college education to pay for their own wedding, mostly.  If they can't, then they need to have a smaller wedding.  DH and I paid everything ourselves.    I  don't want my kids to be dependent on mommy and daddy their entire adult lives. That's not how I raised my children.

I help out my parents financially.   I don't want my kids to have to help me financially so I make sure our retirement is set.[/quote]

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