Quote:
Originally Posted by Unregistered
Exactly. You should enjoy your retirement life within your means.
You should be more than happy if your replacement income (plus inflation) is more than your total income prior to retirement. In that case, quality of your retirement life will not be inferior to that of full employment.
OR at least you can generate 70% replacement income, you should not be worry whether you can retire or otherwise.
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When I was working in a company, my income is a lot more than my expenses and hence I save and invest a lot. My decision to stop working in the company is based on my passive income and my expenses. My passive income is much more than my expenses. On top of that my penthouse is worth a lot and it is paid up. My standard of living is much, much higher today because I still get to enjoy good food, holidays, etc and in addition I got a lot more leisure time. My standard of living is now higher than before. We are much, much happier today.