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Retirement Discussions / Retire Well on Less


Subject:  Re: Retirement in danger Date:  10/26/2008  12:41 AM
Author:  zsimpson Number:  1304 of 1929

Doesn't that depends on what you want your retirement to be? If you own your home outright and don't care to travel much, a frugal but comfortable lifestyle in a moderate cost of living area could easily get by on $50K.

What we "want" from retirement varies so greatly from one person to the next that putting a "required income" or blanket statement about percentage of working salary needed tends to be pretty bogus.

But the point is that the man saved $50k TOTAL. Not $50k a year, $50k for the rest of his life. I certainly hope the man plans on living more than 2 years.
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