[Kistle]

Great thread. I think about the same. How do you know how much is "enough". Certainly lifestyle in retirement is the BIGGEST driver of what is "enough". If you want to sit on a lawn chair all day in your front yard in the middle of Iowa (seriously...not that there is anything wrong with that), you could probably get by with $50K in the bank and Social Security income. If you live in a $350K house, want to have a hobby vehicle and a few other relatively inexpensive interests, and maybe take a reasonable trip once or twice a year...how much does that require? If you want to live in a $600K house, have another vacation home on the beach or in the mountains, have a $50-75K fun car, travel 4-5 times per year, including internationally, how much does that take?

Just hard to ever put REAL numbers on this stuff. $5M should cover all of the above, but where are the cutoffs? No easy answer, because there are a LOT of other variables. How much do you spend on entertainment, dining out, booze, etc....

But good topic, and we have the right audience here to get some specifics if people will share some semi-personal stats. Thanks for starting the discussion, Richard.

JA