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So, I agree with Stein, you can't retire at 45 with only 2 million in the bank, it's just not enough. If you're 55 however, it might be. And if you're 60 it probably will be. So, I think the point he was trying to make is that although 2 million sounds like a lot of bucks, as you pointed out, it's lower middle class if you live in NY or SF and let's hope you don't plan on a lot of travel and entertainment. :-)

I have to disagree with you both. Currently I am 34 and if there were 2M in my investment accounts I would retire today. Of primary concern is this arbitrary requirement for $80,000/ year?

My wife and I (and our 3 children) live comfortably on slightly more than $50,000 right now and we invest the remaining portion of our current income. If we didn't have work related expenses we could get by with even less. When the children move out in a few years our requirements go down even more.

Perhaps if I retired I wouldn't be able to travel the country in a $150,000 rolling mini-mansion with satellite TV and matching quad runners in the back. We would be able to tour the country in a more modest vehicle. We would also be able to fly to Europe and tour Europe by bicycle. We would also be young enough to really enjoy it.

I'll take (relative) youth over luxury any day.

-- Dennis
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