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Reply to "Can we afford to retire now?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How much is your mortgage? We are aiming for $250k/year after paying off mortgage and kids’ college costs. [/quote] then you would probably need 6M. we have 3 and our yearly spend is about 120.[/quote] Who are you crazy ppl who think one needs 6 million to retire?? What is the percent of US population able to even get close to accumulating anything like this? [/quote] Most of us don't want to be "those people" and live on $50K/year and struggle. If you want $250-300K/year you need more than $3M to be comfortable [/quote]
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