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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]Late 50's, $8.5m total, including about $2m in home equity (2 houses). Aim is to get to $10m before retirement, which if the market keeps up will be within 4-5 years between additional savings, paying off the last bit of mortgage, and market growth. DH will also get a moderate pension from the Fed Govt. [/b][/quote]

I'm the earlier poster in my late 50s who retired a half dozen years ago and now has a net worth of $7.3 million -- not quite what you have but in the ballpark.  Interesting enough, we also have two houses with close to $2 million in equity between them and have elected to keep the mortgage on one.  Out of curiosity, why are you waiting?  Why do you feel the need to "get to $10m before retirement," especially if you're thinking it'll take another 4-5 years?  By then you'll be in your 60s and will have wasted another 4-5 years when you have to have plenty of money already.  Time is more precious than anything else at this point.  What expenses do you have not including your mortgage makes you conclude that you need $10 million?  We are leaving like kings and queens on less than what you already have . . .    [/quote]

[b]Not the poster you’re responding to but here’s my answer:  there is a lot of satisfaction in work and while I don’t want to continue working deep into my 60s, I do worry that I’d get bored/restless if I stopped in my 50s.  It’s a delicate balancing— who knows if I’ll get it right.[/b][/quote]

That's fine, but the $10 million couple isn't saying that they keep working because there's a lot of satisfaction in it.  They're saying they want the $10 mil.

By the way, my retiring in my early 50s was the best decision I ever made.  I haven't worked in 6 years and haven't be bored for a second.  If you think you need to work to keep busy and satisfied you're wrong . . . [/quote]

Sorry “retired early” guy but you sound like an insufferable douche.  No one is attacking your choice to retire early and the fact that you were lucky enough to do so.  You do you.  But it’s incredibly dickish to be criticizing others for feeling like their work is important to them and they get satisfaction from it independent of making more money.  In fact, you seem kind of triggered by this thread.  [b]Perhaps you’re in attack mode because you’re not quite as content with retired life as you claim.  Just say’n.[/b][/quote]

And you come off as bitter and in attack mode because you probably can't accomplish what I did.  So we're even.  Also, if you knew how to read, you'd see that I didn't criticize the poster who said work is important to him/her.  Not at all.  I said "that's fine" for him, but that my question was directed at the poster who gave no indication that work was important to them -- just that the $10 mil goal was.  I simply asked why they thought the number needed to be so high.

So one of us has a chip on his shoulder, and it ain't me.[/quote]

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