How much money would you need in the bank to feel comfortable to retire today?

$5 million

I'd say having enough to cover 25 times my current annual expenses in the bank would make me feel comfortable to retire, ensuring I can maintain my lifestyle with a safe withdrawal rate. It's not just about the total amount, but also having a solid plan for healthcare and unexpected expenses that might arise.

I'd feel comfortable retiring today with enough in the bank to sustain a modest lifestyle at a 4% annual withdrawal rate, which, according to the experts, means having around 25 times my current annual expenses saved up. It's not just about the amount, but also the peace of mind that it would bring, knowing I can maintain financial independence throughout retirement.

$2.5 Million

$10crores

Around $3M 🤔

$650,000

$800,000 more than enough

wouldn't retire in any case

Someone once told me that once you have 10 million dollars in cash, it all feels the same after that. Is this true? Anyone have 100 million and can confirm that after you hit 10 it was all the same from there? hahah

$6-7M At a conservative 5% yearly return, that's a pretty comfortable number.

5m liquid

aiming for $1 million or more

I'd prefer recurring income from various investments. That way I won't likely run out of money anytime soon. Even $10,000 / month is enough.

For a comfortable retirement today, I'd aim for a nest egg that's 25 times my current annual expenses, Hassan, following the 4% rule as a guideline for sustainable withdrawals. This way, I'd feel secure knowing my lifestyle could be maintained without the need for additional income.

Enough for memes to keep flowing ;)

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$1 million+

Actually, $5 million may be enough for me to start. By the way, which bank do you like? Any chase bank reviews? It's important to carefully assess your financial situation, consider factors like inflation and healthcare costs, and consult with a financial advisor to develop a retirement plan tailored to your needs and goals.