How much money* would you need to retire?

[Martinus]

If you wanted to retire, say, at the age of 50, how much money do you think you would need to do so (including any money in pensions/savings account etc. but excluding any money you have to contribute to, say, a state pension fund etc.).

[LaCroix]

by 50, probably around 2.7 million

[Liep]

by 50, probably around 2.7 million

In which currency?

[Liep]

Retiring at 50 for me would mean sacrificing a lot of my current living standards if I'm ever to afford it. If I moved to the countryside or to a cheaper country and lived a quiet life I might be able to do it with €4-500.000. Can't even imagine the number if I had kids.

[LaCroix]

USD. not sure whether the retirement calculator I used included inflation. I tried it again with a few others and got around 1.5 million

[Grey Fox]

Min 3 millions but I wouldn't be doing anything fun.

[celedhring]

I actually don't want to retire so soon. I enjoy what I do. 

[Liep]

Min 3 millions but I wouldn't be doing anything fun.

Yeah, that's the thing. It might be possible, but it won't be fun reaching it and it won't be fun when you've reached it.

[LaCroix]

though if I lived pretty frugally ($30k), I'd only need $500k

[Liep]

though if I lived pretty frugally ($30k), I'd only need $500k

You'd have to live frugally for ~40 years.

[Savonarola]

About $3 Million US.  The big expense (and at the current time the big variable) in the US is health care.

I have no desire at all to retire when I'm 50, though.

[Malthus]

Are people including, or excluding, the value of assets like equity in one's home (should they have any)?

[Berkut]

The calculator I used said $1.5M to live on 75% of my current income, assuming I retire at 60.

That is actually not nearly as much as I thought...

[Berkut]

That thing cannot be right. I re-submitted saying I want to retire at 50 instead, and apparently I need LESS money to retire earlier!

[Grey Fox]

It expects you have way higher salary at 60 than 50?