How much money* would you need to retire?

[Berkut]

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

It says that it expects I will have social security income at 50, which of course I won't. It is clearly just fucked up.

[Gups]

At 50? About $4m, given current yields.

[Monoriu]

The rule of thumb is, for every $1 in recurrent expenditure after retirement, $25 in assets is needed. 

[Valmy]

Somewhere around 3 million dollars. Presuming I could get 5% yields somehow.

[crazy canuck]

I don't think about my lifestyle when considering when I might retire.  I think more about my boys and their children to come. 

[Martinus]

The rule of thumb is, for every $1 in recurrent expenditure after retirement, $25 in assets is needed.

You mean annual expenditure or?

[OttoVonBismarck]

As a thought exercise on the minimum amount to get by, but still be able to do things I like (travel, buy a car more often than once every 10 years, eat out), and things I feel an obligation to do (send my daughter to college), and assuming for some reason we're talking solely my income, probably around $4.4m, assuming I'm planning to live 40 years after age 50 (to age 90.)

[CountDeMoney]

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.).

Why don't you just cut to the chase, and tell us all how much you have saved, since that's the inevitable point of this thread.

[The Brain]

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!

50 is the new 70.

[Liep]

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.).

Why don't you just cut to the chase, and tell us all how much you have saved, since that's the inevitable point of this thread.

I was thinking that he'd swoop in when he saw a post mentioning the amount he had already saved.

[Hamilcar]

You don't need all that much to live well in developing countries like Poland. Marty needs maybe a few hundred k to live "well" (if one can call it that in Poland).

[Richard Hakluyt]

I'm not sure that is correct, in a developing country there is the possibility of being overtaken by the next generation as the economy grows.

There must be a Chinese dude somewhere who retired in 1975 because he had a new bicycle and two rice bowls 

[mongers]

Not something I've ever given any consideration to

[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.).

Why don't you just cut to the chase, and tell us all how much you have saved, since that's the inevitable point of this thread.

Not enough by far. This is more related to the fact that I am going through the middle life crisis and not sure I want to be a lawyer anymore. It just pays so well.

[Scipio]

Retire? At 50? $5.5 million US, at a minimum.