I think the rant applies for some people, but not all. I know a person who is in their early 50s, worked for 30 years, saved $6 million (taxable/retirement) and pulled the plug on work, although they will likely move to a lower paid profession that brings more satisfaction. That person spends less than what they could, but lives a great life. If the stock market does what it normally does, that person will continue to be in great shape. I know there is a two-minute checkup here. But I often use firecalc. I find it helpful. I'd be interested what folks think about it.I know Jonathan wrote a WSJ article sometime back about it.
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I think the rant applies for some people, but not all. I know a person who is in their early 50s, worked for 30 years, saved $6 million (taxable/retirement) and pulled the plug on work, although they will likely move to a lower paid profession that brings more satisfaction. That person spends less than what they could, but lives a great life. If the stock market does what it normally does, that person will continue to be in great shape. I know there is a two-minute checkup here. But I often use firecalc. I find it helpful. I'd be interested what folks think about it.I know Jonathan wrote a WSJ article sometime back about it.
Post: Retirement Is Coming
Link to comment from August 5, 2022