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Reply to "And that’s the $5M point "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You can retire with basically nothing if you have a big enough pension or real estate. If you think that you need more than 5 mil, you probably have a spending/mental problem. [/quote] For those without a pension, $5M is only $150k a year on the 3% rule. [/quote] [b]We do not even spend $150k now for family of 4. [/b]I would dream about it if we can spend $150k including taxes, healthcare & everything but not housing for two of us. Aim low, anything above will be cherry on top.[/quote] That’s actually way more impressive to me than amassing $5M. [/quote] dp.. that's us, too, and that includes ACA insurance, which is ridiculously expensive. But we only have a measly $4mil saved. Anyways, I'm still gonna retire at 56 when the youngest goes off to college (with a funded 592) next fall. But, I want to travel more so our expenses may go up a bit.[/quote]
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