Quote:
Originally Posted by irokcj5
So how much do you think a family of 2 needs to have stashed away to live at their current standard of living?
I'm thinking a minimum of $2 million should give about $4,500/month to live off of, which is not much when you look at car insurance, healthcare, food costs, etc.
Don't want to know anyone's personal info, just what you think is needed for a husband and wife who say make 60k each per year which is pretty avg these days.
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It all depends on when you plan to die....that's what makes the decision to retire so difficult. Having some type of alternative income to supplement your 401k is the key. A few rental properties would be nice to have set up once you retire.