I only discovered the mustachian community last spring, and I'm pretty excited about it, so I often talk freely with co-workers about money, early retirement etc. Last week I had a conversation with my very logical, very intelligent officemate who absolutely refuses to believe it is possible to retire without "at least 2 or 3 million dollars saved up"! ARGH! So, we started doing the math on the whiteboard, of course discussing the 4% rule and whatnot. I didn't go into lifestyle choices and reducing annual spending (I am certainly not going to convince him he doesn't NEED his brand new quarter ton at this juncture), we just went with a generalized value for annual spending. Once I showed him all the math, he rebutted with, "Well, it doesn't matter how much I am going to spend in retirement, I want to pay myself an annual salary of $60-70k per year when I'm retired" WHAT?! This "salary" is well above and beyond his set annual spending, and he acknowledged that, but insists that he wants/needs to pay himself a "comfortable" salary in retirement.
It's days like these I wish I could find someone locally (other than my spouse) to discuss money with! Vive la mining-towns! Ha ha! Thank goodness for the mustachian community.