How much $ would it take to you quit working permanently?

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coloumb

Diamond Member
Oct 9, 1999
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I'd say about 5 million [after taxes = ~100k per year and I was covered for health/dental/vision either through a plan or the government] would allow me to live comfortably until my warranty expires.

I would immediately go on a few cruises and visit quite a few places around the world while I'm still young enough to enjoy it [and do so with extreme frugality]. While traveling - I would try to find a place which would allow me to stretch my currency as much as possible [live like a king without the high prices associated with it].
 

Exterous

Super Moderator
Jun 20, 2006
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Funny the responses in this thread. IT shows why many americans don't have enough savings. They say 2 million in assets for an average middle class person is what you want to save for retirement at this point in time today. For my age 28, it's probably more like 4-5 mill. I think maybe if somebody handed me 25-30 million I'd retire but I'd have to watch the money like a hawk.

I think you are overestimating (or have expensive expenses). $3M will almost certainly have you set for 70+ years of retirement @ $90,000 a year. Hell - firecalc puts the average retirement account average for that sum at $48M after 70 years and a 0% chance of failure(Not to say there couldn't be a failure). I'm 29 but once we hit $2M* we are done (*including a reduced SS payout and unless something crazy happens). The trend seems to be about $5M and I would agree with that