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I retired Jan 1, 2000 at age 53. Obviously you don't quit a job unless you have more than the bare minimum needed for retirement. That surplus came in handy when the dot com bust came along, but I had a substantial portion in bonds and fixed incomes providing steady income. Plus I had maintained reasonable diversification and was not overly concentrated in dot com stocks. That made for a pretty good recovery for most of it. Plus I also benefited from the real estate boom and managed to sell and move to lower cost Missouri close to the top of the boom.

The bottom line is there is nothing like reserves to cover the unplanned. And those surplus funds give you more choices. One is always go back to work or work part time. But so far that has not been necessary in my case.
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