Reply to People with $5M+ NW, why do you still choose to work?

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[quote=Anonymous][quote=Anonymous]People want luxury, that’s it. You can retire on $5M just fine even with kids, but folks who earn enough to make 5 mil at a young age are accustomed to a certain standard of living that would be hard to guarantee on a mere 150k/yr or whatever.

You can easily blow 20-30k on a single international trip if you travel in style with a family. You can do that if you have 5 mil with an 800k HHI but not with 5 mil and $0 HHI. [/quote]

+1 .This for us. We want luxury and comfort. We have $6M (excluding equity and 529), DH wants to work till 55 and me till 53 (5 more years) , so we can retire with a few more million, hopefully closer to  $10M. The kids will be in college and we can take extended international trips. We are taking more bucket list trips now, buying the expensive frivolous stuff - watches, bags, remodeling home so not waiting to live our life till retirement. Our fixed expenses are low, mortgage under 350K, so we know we can cut back whenever we need to. I still somewhat enjoy work, my DH less so - but he earns 70% of HHI (RSU jump), so we both want to continue for a few more years[/quote]

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