I work at a mid-size corporation. I was in a meeting yesterday with one of the Finance managers and an IT guy. The Finance person said "my wife showed me an article yesterday about something called FIRE." He explained a little about what that meant, and I helped him remember the words to the acronym.
Finance guy: "Can you BELIEVE that people think they can retire on only $1 million. I'd need at least $10 million."
Me: "You need $400k per year to live on?"
Finance guy: "Oh no, 4% is way too risky. You should really only be withdrawing 2%. That would only give us $200k per year."
IT guy: "Yeah, that sounds a lot more reasonable."
Me: "There are a lot of people who can live quite well on $40k per year."
Finance guy: "They probably don't have their own private planes."
IT guy: "And I bet they don't take vacations, either. Hey, fdm, didn't you just go on vacation?"
Me: "Yes, my husband and I went to a cabin in <town 90 miles away> to hike. No internet, no cell service, a little kitchen to cook in - it was great!"
Finance guy: "I love that town. I fly my plane there all the time."
I gave up and started the meeting.