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Old 07-03-2019, 01:08 PM
corkboard is offline
Join Date: Nov 2005
Posts: 6,364
My wife and I are in our early 50s and have the goal of $10M in our investment portfolio by the time we're 60. It's within reach. We chose that number because once retired, we want to make sure we have enough to help out some family members who need it, make nice donations to charities that are important to us, and live a very nice lifestyle. We'll also obviously have more free time to live that lifestyle, start (possibly expensive) hobbies, and have more than enough to cover any medical issues that arise for us and our kids.

But if a genie offered us a windfall today to retire, the number would probably be higher because we'll have almost 10 extras years for it to last.