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General Discussion

Morbius

(1,227 posts)

10. You also need to consider your assets, as well as your available funds.

Reply to Yo_Mama_Been_Loggin (Original post)

Sun Jun 21, 2026, 09:09 PM

Jun 21

If you own your home, you need less money, and the value of the home may well be less than the amount of money you would need to cover a mortgage for your expected lifetime. Then there's your age and health; if you're a diabetic you will need more money no matter how old you are. This "magic number" is probably just an estimate; the actual amount needed depends on your life.

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Midnight Writer

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Highlight:

The 'magic number' for a comfortable retirement just got bigger [View all] Yo_Mama_Been_Loggin Jun 21 OP

Wow, and I have been retired for the past 8 years and still don't have that amount. Dan Jun 21 #1

Retirement is more... Happy Hoosier Jun 21 #6

... greatauntoftriplets Jun 21 #2

Suze Orman Maninacan Jun 21 #3

Too many variables for the article to be a useful opinion NewHendoLib Jun 21 #4

What does "comfortable" mean ? dave99 Jun 21 #5

Different for different people. Happy Hoosier Jun 21 #7

My Answer? Same As Living Before Retirement. ColoringFool Jun 21 #8

You have to take into account where you live LogDog75 Jun 21 #9

You also need to consider your assets, as well as your available funds. Morbius Jun 21 #10

Okay, I have less than half that... haele Jun 21 #11

I retired almost 4 years ago on a good bit less than that. Wiz Imp Jun 21 #12

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