What's the number?

[abraham]

You are number 6.

[ötzi]

[El Chupacabra]

Who is Number One?

And congrats frorider!

[liv2ski]

Forgot about this thread. I retired in June. Figure I only have 40 yrs ahead of me to worry about. No kids, but pretty sure I can rely on you guys to take care of me when I go senile.

40 more years? Retired young or very optimistic about hitting 100. But congrats.

[The AD]

The pandemic and work situation has certainly made me think about retirement more. People are leaving my company (either voluntarily or involuntarily) in droves. I think I'm getting fairly close to a reasonable number, but the big problem would be the five years or so before I'd have to live with zero income. That's a little scary.

[GoldMember]

You are number 6.

Damn. I was hoping for a podium.

[XXX-er]

15 yrs retired now , I hadnt planned anything so the first 5 yrs were a bit of figuring out how the fuck do i do this,

then got the house with rental suite, inheritance, took early CPP, OAS next year = more than enough $

Covid hasnt done anything to me, if anything I'm not spending money

[VTeton]

I'd like to walk away from the 9-5 by 50 but then the kids are in high school and will want nothing to do with me and I still gotta pay for college.... I'll check in round 2030 with result. Free College and Free Healthcare and the number/time would change quite a bit provided the market/taxes don't swing accordingly.

I was on track to be mortgage free in a couple years and now I'm back up to a 30 year at 2.99%.
Gotta watch that lifestyle creep as Wooley said:

"Top 10 reasons why you need a big number:

10- Your 39' Grady White fishing boat gets 10 gallons per mile"

[Benny Profane]

Ah, boats. I knew somebody a few years ago that was whining about not being near the number. Then we went out on the boat. It was nice.

[Benny Profane]

Covid hasnt done anything to me, if anything I'm not spending money

Along with millions of Boomers, but, they're not losing money because their assets (home, stocks) are going up, or at least flat. I'm pretty convinced, and, the present value of the newly public Airbnb agrees with me, that there will be an explosion of spending in travel and other activities well heeled and non working Boomers will take part in, including comfy Vail like ski resorts. Not only will they be flush with cash, but will have realized that they just lost a year or two of their most valuable asset, time, so, full speed ahead. Maybe even buy a boat.

[old goat]

For a lot of folks who would otherwise be comfortably retired or free from work -- their kids, through no fault of their own,are going to need a lot of help.
And life can go financially south in a hurry--a wildfire, a flood, a swindle, a kid that needs rehab. Best to count our blessings while we still have blessings to count.

[4matic]

their kids, through no fault of their own,are going to need a lot of help.

The inflation and tight money period of the early 80's was far tougher than current economy for young workers. The biggest difference now is housing costs which might require young workers to stay at home longer. There are plenty of $20 an hour jobs right now if you're willing and have the flexibility to work. Parents are more amiable and it's more acceptable socially helping adult children now too.

[jono]

Original question seems to imply F-You money, but what's the spread between F-you money and F-This money?

Depends on how shitty "this" is, maybe, but aside from that: if "this" is intolerable, what do you need to not care how you're getting from f-this to f-you?

[Danno]

Original question seems to imply F-You money, but what's the spread between F-you money and F-This money?

Depends on how shitty "this" is, maybe, but aside from that: if "this" is intolerable, what do you need to not care how you're getting from f-this to f-you?

I like my job (or at least like it more than anything else I've done). If I get fuck you money I'm out if here. But anything below that, I'd probably stay at my job for a while longer and retire early. The fuck you number is somewhat easy to calculate. But anything less is just bonus money that changes retirement date.

[jono]

I like my job (or at least like it more than anything else I've done). If I get fuck you money I'm out if here. But anything below that, I'd probably stay at my job for a while longer and retire early. The fuck you number is somewhat easy to calculate. But anything less is just bonus money that changes retirement date.

This has been my thought, too. I'm self-employed, so the boss sucks but the powder day plan is supposed to be good. When it's not, though, there's cause to think about something else. Not taking a job, of course, that's just kookytalk. Which makes for a narrower plan B.

[Marshall Tucker]

2020 certainly moved the ball a very far piece down the field for me. Middle 50s and I'm able to back way the fuck off the career and the...calmness that brings has been incredibly rewarding.

Goat does raise a lot of good points though. Think we would all be smart to do some stress testing.

[AdironRider]

I think I argued this early in the thread, but I think it is somewhat of a waste to plan as if your kid is going to automatically need help.

Don't get me wrong, I'll be there as much as I can for my kid if he needs it, but no way in hell am I working years more just to be prepared as if I'm planning for him to fuck up.

If 2020 has taught me anything, its that work is never going to be static, and that the sooner you can safely say fuck it I'm out, the better. The key to happiness is low overhead. Number still the same, a million and a rental property to keep me busy every once in a while and I'm outta here.

[liv2ski]

The last few years were shitty for my income so I learned to be a little more frugal. This year was solid. Reloaded the savings in a big way, so I figure I am good until 65 with little to no business income (but next year is projected to still be ok). So if there is business I will work and save, if not, I will surf and hopefully get in some skiing in 2021. By 2022, I imagine I will be fully retired with a few different income streams, so we will be good. At least that is what I tell Mrs. L2S.

[Marshall Tucker]

^ what a great part of the world you lable to ive in. Takes some doings.

[liv2ski]

^ what a great part of the world you lable to ive in. Takes some doings.

Thanks MT, it was easier 35 years ago then it is today for my kids for sure. Helped the oldest buy a duplex a few years back which will be a solid investment property for her down the road. This Covid stuff blew out the youngests hopes for buying this year, so we will see what happens next.
There goes my savings again.

[Buster Highmen]

The number is now.
I'm tired of doing interviews, I don't really want to work in big tech anymore and smaller more flexible shops are harder to come by. I'm an old C guy and haven't written that much C++ 11.

I would like to have a little income, but I think we can do it from here despite looking down the barrel of 2 college educations.

[GoldMember]

The number is now.
I'm tired of doing interviews, I don't really want to work in big tech anymore and smaller more flexible shops are harder to come by. I'm an old C guy and haven't written that much C++ 11.

I would like to have a little income, but I think we can do it from here despite looking down the barrel of 2 college educations.

So, by Jono's definition, you're in the "fuck this" financial stage, not the "fuck you" stage it sounds like.

You're a talented guy outside of your tech experience. Find something to occupy your time that's more in line with having some fun with it. Personally, I've retired twice and failed at it. Even though I bike, ski, golf, I couldn't fill all my days with that and got bored. I also missed having contact outside of my house and closer friends. I told my wife that if we were around each other 24/7, we'd likely wind up killing each other, just a question of who would go first. My guess is it would be her getting me. I need the mental exercise and outside contact with my network. That goes away pretty quickly once you're out of the circle. And, just guessing but I think I'm probably a bit older than you. Not a lot but enough to say that there's no magical retirement age, just a mental age that dictates it, at least for me.

Good luck with whatever you do.

[Buster Highmen]

I'm good at offending people. It's just that law school is a bigger investment than I want to make.
As far as the stage, I'm very conservative and cagey financially.

[GoldMember]

I'm good at offending people. It's just that law school is a bigger investment than I want to make.

Yeah, you're not THAT offensive... well, maybe but you'd have a hard time recouping that investment at your advanced age....

[Buster Highmen]

I used to be able to write, but that's kind of been broken for a while. I can't beat the cash register anymore. I'm forgetting a lot of stuff.

I'm good at knowing where to ski and we made a very good choice 17 years ago...but that's not marketable. My wife keep telling me to do a Rick Steves for skiing.