If any of you had to do it over again would you RE on a bare bones budget.Absolutely, yes. I can live without luxury easily. WWL identified the real problem--what if medicare, social security, etc. go away? What if health care skyrockets in cost? I don't want to be a burden to my family or society because I chose to quit working when I could have continued earning a nice salary. I don't want my choices to spill over on to others. So I might consider some part-time or temporary work for a little extra insurance.But working had become such an absolute nightmare for me that I had to get out.I ask because my bare bones budget is $21-22K a year.I'm in a similar situation. I have a small fixed pension and a small portfolio. It is enough for now and will be better when I downsize my house. SloanT made an excellent point on the FIRE Wannabees board. He said, I think it is smarter to be daring when you choose to retire (do it early!) and then be conservative with your money after you retire to make sure it lasts.http://boards.fool.com/Message.asp?mid=19432601As I said in my "Drudge No More" post, it crystallized my thinking about departing. For years I had agonized over having "enough" and I finally realized I would never have "enough."The reason I want to FIRE is because I want NO STRESS in my life.Believe me when I tell you this--the occasional doubt about the future is far less stressful than what I was undergoing on the job. I'm about as close to no stress as you can get.- tmeri
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