Hi,
Came across your post. Just wanted to share that I am retired due to poor health. After so many years of leading an unhealthy lifestyle of a high flying corporate boss, I got sick. Not able to work any more. Now I just manage my own stocks investments which gives me $50k of stocks dividends per year. My wife earns $120k pa. We share our annual expenses of $80k per year. Luckily I have no debt. I am 52 this year, I hope I won't die so soon.
My message to all: money is not everything, take care of your health, don't any how eat and drink, don't womanize.
Quote:
Originally Posted by Unregistered
It may sound oxymoron - but to retire young you will need more (to sustain the many years ahead), you need less when you retire at an older age.
For my case, I estimated that my wife and I would require $100k pa upon retirement at 55. And assuming no inflation, and that we live till 85 (that's 30 yrs) we would need $3m at 55. But if we work till 65, we would only need $2m to sustain us for 20 yrs.
Conversely if we were to retire now (at 50), we will need to have $3.5m!
That's I am very impressed with the many posters here who retired before hitting 50. I hope they know what they are doing or else they are setting themselves up for a very bad nightmare further down the road.
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