Just a few things I have picked up through the years regarding retirement.
According to a well respected friend of mine, a worldwide study was done in the early part of the 20th century, regarding what should be the age of retirement, and they came in with 65. I was told that they chose that age because that was the time when a person's health started failing and the average person didn't live much past that age. The person who told me that, said in his opinion, the best age to retire was 60.
Personally, I think if someone is enjoying their work, they should remove retirement from their dictionary, and continue working as long as they are happy doing so. I have had geological friends, still selling plays in their 80s.
As for living a long life, studies suggest that social relationships are the most important factor. So I guess the thing to so is to keep in touch with your friends.
As for the amount of money you need, you can probably get by on 70% of your past salary. I tend to agree with CF that you don't need the millions that many aspire to.
The important thing is to enjoy and be grateful for each day. Life is full of surprises...both good and bad.
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