Who wants to be retired at 55?

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49376711)

there are already a few organizations/projects i'm part of that i could devote all my time to and feel good about it if i didn't care about how much money those efforts produced.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49377680)

that is some serious cope

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49381199)

You’re telling me that would be worse for my mind than litigating?

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49378236)

IMO a man needs to be building stuff and growing in order to be healthy and happy.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49376752)

I am already making retirement plans and goals. Once the kids are out of the house in a couple years, we're going to hike the Camino, and sail around the Caribbean, make a trip to Antarctica (the only continent I haven't been to). Lots of plans on the bucket list. We want to do a lot of travel while we're still young enough and physically capable.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49376753)

TBH I think that people with the drive to amass enough money to retire early are precisely the sorts of people that should continue working later.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49376759)

My doctor friend is actually fulfilled by work and enjoys operating on people. He says he will work until he is unable. He does travel extensively for a few months each year though.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49376811)

I dream of getting off the rollercoaster at some point.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49376852)

People who get in the position to do this are, generally, slaves and know no other life. They have no hobbies, no friends who aren’t professional contacts, etc.

Lots of bros can’t stand their wives and kids or vice-versa.

Mid-50s are often highest-earning years, so it’s easy to slippery slope.

Also tend to have a lot of $$$ demands at that time in life. Sweet little daughters need someone to pay for NYU plus East Village apartment, oh and they need $5k/month for the next 5-10 years while they fuck through the city until they get married.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49376841)

Assuming at 55 you have $2 mm saved, if you retire at 55 you'll have about $2 mm at 65, whereas if you work, you'll have like $5-6 mm saved?

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49377437)

I made my own way, they can figure out theirs.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49377693)

I hate my job, fat fiancée hates her job. There are so many things I’d rather do than work.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49377648)

What age will this be for you?

I got off biglaw treadmill for a while but am back on it (and remember why I got off it at one point).

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49377747)

30% chance of going to Cornell isn't worth $40k/year/kid. Also, as a thought exercise: $40k/year x 12 + 70k/year x 4 = $760k. That's BEFORE grad school. You could basically send your kid to UF, buy your kid a business, have them run it, then use that to get into a top MBA program or whatever, or just have them keep expanding their business and have a few hundred k left over so they can get a downpayment for a house for each kid. That's for each kid.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49385909)

But to answer the question more broadly, most people are poor. The median household net worth in the U.S. is around $100k. For non-homeowners, it is about $10k. For most Americans, retirement before Social Security isn't an option. I have a net worth of around $2.5 million in my mid-40's and no kids, and I would struggle to make the numbers work if I retired at 55 (mainly due to health care costs, as discussed earlier). LJL at the typical American with no savings outside of home equity retiring early.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49381252)

Either way, this is pussy mentality.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49383943)

if you're very well-capitialized, this is a good dirtbag strategy to get good treatment at low cost

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49385473)

lol @ spending your youth accumulating $$$ so you can afford to rot away as a cripple at 70

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49383111)

Are you on dialysis

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49384237)

Premiums alone will run around $2,000 per month, and that gets you an out-of-pocket max of just under $20k per year. So you probably need to budget $30k-$40k per year just for health care costs until Medicare kicks in. You could spend less if you are healthy. (My wife unfortunately takes several expensive medications that run $1000+ per month.) But probably around $15k-$20k per year is an absolute lower bound unless you want to risk losing everything if you get cancer.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49386308)

will you idiots drop this shit already. no one wants to live in a brown shithole.

(http://www.autoadmit.com/thread.php?thread_id=5790122&forum_id=2:#49385486)