I've read a number of posts on this site from young people who talk about not wanting to take the traditional path and "work 'til I'm 65;" early retirement seems to be a paramount goal for a lot of of people.
My question is, what is the nest egg you would feel retiring with? Of course there's going to be inflation, so a dollar today is gonna be worth more than it will be in 20 years. And of course your retirement number will depend on your personal situation -- will you have kids, where will you live...?
But I figure if I have 4-5 million saved up, I can probably come close to earning 10 percent a year just by investing in the S&P and make 350,000-500,000 per year... I think I can live pretty comfortable with that kind of annual income.
What's your magic retirement $ number?