Reply to Why does it seem like everyone wants to retire early?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How do you decide if you have enough money to early retire ? 30x to 50x of your spending money ( spending + tax + healthcare cost ) ?[/quote]
It depends on your current age.  The earlier you retire, the more you need to retire early.

30x is a good number if you want to retire around 55.  Assuming you keep some funds invested in the stock market via an index fund or something, your portfolio will continue to grow even as you pull money from the investments. The funds should last you more than 30 years.

DH is 60 and I'm 54.  We are counting on some social security, as well.  Maybe not the full amount, but some.  We also have about $4mil in investments and cash.  Our expense, with some travel, is about $140K/year.[/quote]

This is solid advice above. If you asked then I’d recommend a little more research than just asking on here. Bogleheads is good. Remember the expenses mentioned above are what you’ll spend minus your income streams like SS or and pensions. [/quote] I follow bogleheads for 5+ yrs. Research is not that easy to know if you get the correct answer. It is not clear like 1+1=2. It is nice to hear answers from other people how to determine early retirement. [/quote]

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