How much would someone have to hand you today to retire?

[Aggie1999]

Lucky co-worker! I've been in the lottery pool at work for over 10 years. I'm about $1k in the hole. To much investment at this point to bow out though.

Economists have a name for this. It's called the "sunk cost fallacy". The time to bow out is now. Your odds are not improving due to the length of time you have been involved.

See my previous post on why I continue. Investment is basically the invite into the pool. Imagine if you turned it down and then the group won. As I previously said, I know this will not happen but I can afford the $2 per week without affecting my FIRE.

[PiobStache]

Don't worry, you didn't hurt my feelings.  But I do find it amusing that you think you "corrected" me.

Good to hear that as it was not intended...and I find it even more amusing you fail to see that I did in fact correct you.

[DTaggart]

$70k and I'm OUT. One more year and I'll be there.

[Monkey Uncle]

Don't worry, you didn't hurt my feelings.  But I do find it amusing that you think you "corrected" me.

Good to hear that as it was not intended...and I find it even more amusing you fail to see that I did in fact correct you.

You still aren't seeing the forest for the trees...but let's keep this discussion in the other thread rather than derailing this one.

[Retire-Canada]

$70k and I'm OUT. One more year and I'll be there.

Awesome! :)

[better late]

Cookie, thank you for the kind words.  Doing good in the world is part of our plan.  I grew up in extreme poverty in a rural setting and my wife and I have a business plan to start a non-profit that will work with rural youth (as they seem often forgotten) to prepare them for STEM type careers.  She's an engineer, and I also have a quantitative background, so we've been active already in helping disadvantaged kids become more proficient in math with the Math Counts organization.

I also plan to never return to the state of poverty.

At $200k CAD (enough padding to not worry about selling the houses right away) I'd walk away today.

Thank you for this suggestion and I will check them out today.  I guess I didn't understand this forum had income limits.  I just read someone talking about a new doctor friend taking a 600k job, but not being wise with her new salary.  I guess high earners are only good for bad examples?

Welcome to the forum Piobstache. Don't worry about the haters. You do you. I like variety (goals, plans, spending, earning, whatever) in the forums and hope you'll stay. :) 

If I had that kind of income I may have the same FIRE number as you, just because I think of all the extra good in the world I could do with a little extra funding. :)

As an aside, MATHCOUNTS is excellent, and I am so glad to read about someone working to encourage disadvantaged kids to pursue STEM in general and contest-math in particular.  There is nothing like hard math in a supportive environment to get kids prepared and excited for challenges ahead.

[Scrooge]

Currently laying around is about 165 000 EUR. You give me 200 000 on top of that, and I'd be hard pressed to see it worth my while to head for the office. Any extra required after that I'll come up from some odd jobs.

[Caoineag]

Pretty sure 150k would have both DH and I out the door and on the road, but then our planned date is March 2018 so not too surprising that it wouldn't take much at this point.

[2Birds1Stone]

I could happily never work again with $1M portfolio.

I would comfortably FIRE @ $600k and play it by ear with part time or seasonal work here and there to supplement the portfolio.

The second option sounds more and more appealing.

[itchyfeet]

$356,252.45

[partgypsy]

750K- 1 million. More than what I will have saved up when I retire, but I still have 9 more years of a mortgage and 2 kids to raise to adulthood.

[LostGirl]

$787 K, this is the delta between current NW and 25x expenses. I'm really tracking 20x expenses savings for myself but hey, if someone is giving it to me I'll take the larger number.

[asauer]

500K would get us to goal and take care of a couple lingering projects at the house.

[BlueHouse]

What the fuck happened to this place?  All these people who think they need multiple millions of dollars to retire? 

I need more to retire today than I will need to retire when I actually hit my number.  Because it will have to last for more years.  My strategy involves running my stash down to zero at or slightly after my own death. 

Also, I'm still working on reducing expenses.  I'm still pretty spendy.