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Reply to "Walk away from $1 million a year?"
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[quote=Anonymous][quote=Anonymous]But what are you going to do if you retire? You'll have a lot of time on your hands. IME, people used to working high level careers do not adjust easily to retirement even if they say they want it and really thought they wanted it. If you say, "easy, I want to travel and try brewing my own beer....", you're going to have to build that into your budget. Travel can get expensive. [/quote] An income of $200,000, even with a $24,000 annual mortgage obligation, and no need to save anything, provides for a lot of travel. As an example, our monthly gross is about 24,000; OP's will be about $16,500. But a good $6500 of our withholdings/savings are items that aren't applicable to OP in retirement. Assuming a modicum of reasonableness on his part, His budget is just fine. [/quote]
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