[fuzzylogic]

I hope to retire at 62, several years from now. And by “retire” I only mean “have to work doing somebody else wants”, I’ll probably continue to produce.

Clearly, the “number” for retirement is a very personal one. There is no formula, there is no “one way”. Most of it reflects what you expect your spending to be.

A 4% rule, giving you $60k/yr would require $1.5M. Do it right and it’d largely be tax free. If your home is paid off, you should be good, even if it means you still need to be careful.

[Labyrinthos]

A 4% rule, giving you $60k/yr would require $1.5M. Do it right and it’d largely be tax free.

How so?

[shelterguy]

“”” If your home is paid off, you should be good, even if it means you still need to be careful.””””””

I paid off my house some years ago. With the rise in property tax and insurance it is not so easy as I thought it would be.

[Secret Agent Man]

Right. Retirement doesn’t mean doing nothing. Its hobby time, its hobby/work time, at your own pace. Doing work you want to do, honing skills and abilities, not in a rushed way.