No. of Recommendations: 1

If I were single and had $500K, I would retire in a 
heartbeat. I would live in much cheaper housing, I 
would barter my time for meals or  other favors with 
friends (my standard fee for help with moving heavy 
furniture is beer and pizza). GFs would have separate 
financial responsibilities.


4goneFool,

You have just described my situation! Except that I
own the 4 plex I live in, and the renters carry the
entire mortgage. Hard to live much cheaper when the
rental vacancies are under 2%. Fourty days ago when
I decided I had had enough, my stock portfolio was
around 500K, yesterday I broke the 700K barrier.

If you have the stomach for the risk, 500K is enough,
but you must be aware that there is a big risk with 
that small of an amount. I still need to wait a year
for LTCG to be locked in, in that time I may have 2mil 
or I may need to go back to work, but that is the risk
I am willing to take.

Cheers,
Windhoven on day 3 of RE life
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