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[quote=Anonymous][quote=Anonymous]For those of you who are trying to save up a big nestegg before leaving Biglaw, what's your target?  $500k?  $1 million?  I realize a lot will depend on if you have children, and how many, but I have been questioning for a while myself whether my savings is enough.[/quote]

Completely depends on what you want to do after you leave.  I got out pretty young (unmarried mid-level associate) so my goals were just to have paid off my student loans and have a downpayment for a house + 6-month emergency fund saved up before I left for a government job.  If you were looking to retire or switch careers or SAHM then obviously your needs would differ.  You would need to talk to a financial planner about what kind of lump sum will allow you to live off of investments or travel for a year or whatever.

Part of the analysis is looking at your debts/obligations -- house, car, private school, etc. -- and deciding whether you're cutting them or need to save/make enough to cover them.

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