Quote:
Originally Posted by BWillie
How much money does one need to retire before 40? What's the number you guys are looking for to "retire" and how does it change based on age?
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A lot depends on your expenses. I did an extensive analysis last year, and to retire at 60, and taking into account inflation and social security and assuming a conservative investment philosophy, I would need 28 times my household expenditures to live at my current lifestyle into my 90s. To retire at 40, you'd need more than double that, plus your social security payments would be smaller. My hunch is that you'd need about 65 to 70 times your annual expenses.