what’s your numbers?

[russellpeter]

I haven’t spent a lot of time in this section of the forum and just read the thread

http://somersoft.com/forums/showthread.php?t=87174

It got me thinking it’s good to know the age you want to retire but the real number should be the Asset + Cash do you require

mine 8 mil currently 32 retiring at 40

what’s your numbers?

 

[Ace in the Hole]

Asset + Cash = retirement / age

Mine is $4m asset $4m cash currently 32 retiring at 40

what’s your numbers?

How does that equation work exactly?
Don't really understand it ?

 

[russellpeter]

How does that equation work exactly?
Don't really understand it ?

made some changes getting late

 

[kathryn d]

Having retired 2 1/2 yrs ago, we have a low budget of $1000 per month, because that is what we have been used to.

If needed, we can use more, but this number works for us atm.

Most people would find this too restrictive...but we never had money to waste, and figure why start now.

 

[Corey Batt]

Having retired 2 1/2 yrs ago, we have a low budget of $1000 per month, because that is what we have been used to.

If needed, we can use more, but this number works for us atm.

Most people would find this too restrictive...but we never had money to waste, and figure why start now.

Would be a lot easier to live on in SE Asia. Ever considered going down that route Kathryn?

 

[kathryn d]

Would be a lot easier to live on in SE Asia. Ever considered going down that route Kathryn?

Nope
For many, I understand purposely living on a restricted budget is not even a consideration.
That is fine.

For us, we vacation 8 months of the year in Australia..so we don't really need a lot of money.
Then we go back to canada for 4 months, and work too hard (we self-manage, while we give our property supers a vacation), to have time to spend any.

For people contemplating retirement, and the amount of money you need, or think you need..may not be the real numbers.

Yes, you will probably take the 2-6 os trips, and then travel around australia...then you will probably settle into a routine.

 

[marg4000]

Get a job you love then retirement isn't an issue.

I could have retired years ago simply on financial grounds, but gain far more from my job than the $$$.

Cut down to 2 days a week but resisting retirement.

Actually look forward to work days.
Marg