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TRRR:
If you need 80K a year after tax then you need about $125,000 gross income to be generated from your nest egg. Assuming a 10% return on it, you will need at least $1,250,000 and much of it would have to stay in the equities market(yipes). At a 7% return in laddered bonds A or better you will still need about $1,800,000 to retire. The latter figure is more conservative it seems, but you may have to stay in equities anyway with about 1/3 just to kkep up with inflation and the risk that you can't work at later date. I would work five more years to make 80K a year to live and allow my nest egg to grow during that time to be 1,500,000 before I could count on 80K thereafter worry-free.
I do this for a living, and anyone who promises more either hasn't worked through the math or a bear market that could surely occur within the next 40(!) years of your lives.
Good luck and be careful
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