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Retirement Discussions / Retire Well on Less
|Subject: Re: Win the lottery...and keep working?||Date: 3/8/2010 9:00 PM|
|Author: joelcorley||Number: 1357 of 1751|
You wrote, Most lottery winning amounts are based upon a 20 year payout. You get even less if you take a 'lump sum'.
If you couldn't retire after 20 years earning $200K/year, I think you must be doing something wrong...
I've already worked 27 years of what I hope will be no more than a 40 year career. During that time I've probably earned less than $2M gross. Even with inflation, I expect to earn probably less than $3M in total. Despite raising a family and dealing with a spendthrift spouse for nearly 20 years, I think I should be able to retire in reasonable comfort with only a portion of that my income saved - mostly in my latter years.
I make pretty good money here, especially since they pay overtime; but if I won the lottery tomorrow (not going to happen since I don't play), I would probably give notice by the end of the week.
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