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Reply to "At what age do you plan to retire?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous] Need a min of 2.5 to maintain our lifestyle/not feel like a slave.[/quote] :roll: [/quote] What's with the eye roll? We have 2.2 and have no plans to stop saving anytime soon. $2.5 million is like $125,000 a year in income. Good, but certainly not luxurious.[/quote] The eyeroll was for thinking you need $125,000 a year to "not feel like a slave." Maybe that's what you need to maintain your lifestyle but you need a reality check.[/quote] I'm a different poster. While maybe an exaggeration, if you make 300 or 400K a year and have no debt, I can't see wanting to live on 125K when you're older and have higher medical costs. At 75, sure, but not as a young retiree.[/quote] I'm the OP and yes the slave statement was an exaggeration but DH and I work our butts off at work and also are supporting our kids private schools. We only make 220k. Everything is relative though. By world standards everyone on this board is lucky access to health care, food, clean water and shelter.[/quote]
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