Can I retire yet?

the MRK retiree subsidized healthcare is NOT a great deal if you are covering more than 2 individuals.
that family of 4 cost is no better than what you can get on your own.
for 1 person the plan looks very reasonable.
check out obamacare if you have a family and no job

 

Really? The libs live in Cally, Walla Walla and the upper right quadrant?
Thanks for confirming your limited intellectual capacity!

 

Finally, one logical and educated mind.

 

Not to worry...Texas doesn't want you.

 

I love this thread. I'm saving money galore. never know when this gig will end. I figure 2.5 million is a necessity for me personally to retire.

 

impressive. you don't need Mother Merck any longer

 

Thank goodness for a BULL Market!

 

It depends greatly on your spending habbits ...expenses and debt...

 

Yes, 2.5 million will do the job and hopefully you do not have a house payment to make this amount last.

 

This is not a lot these days. One needs a minimum of 5.

 

I agree 100% with this poster...I think 5 million is the minimum these days, and I am not talking about having an extravagant lifestyle...it is just that the dollar buys so little now, and people are living so dang long as well...I have about 2.5 and I am scared Sh*tless about my future...

 

$2 million if you are single and $2.8 if you are married with modest life style... no worries here..64 retired happy to be "out"!

 

Maybe if you are in your 60s already, but if you are in your mid 50s, unemployable due to
a lifetime of pharma on your resume, and hemorrhaging your savings, 2 or 2.8 ain't even close
to what you'll need cochise...

Unless you call Dr. Kervorkian I guess?

 

Agreed. 5 is the magic number for some but need more than that.

 

Just turned 47 and crossed the 3 million threshold. I feel so behind the curve. Hopefully, my number isn't called soon.

 

Cute. Impossible, even if you maxed your 401k AND IRA since 25.

2 million I believe cuz Im right there with ya, but not 3.

 

Yes, I'm at 3.

 

Ten mill will barely keep the lights on. Need at least 15 to retire comfortably if your in your mid 70s. Doesn't really matter how much you have. Ninety percent of people don't have ten bucks to their name. Those people will elect politicians that'll tax money coming out of your 401k at 90 cents on the dollar. Just wait. Good luck.