New, early retiree here. I think Weitz’s comments are valuable. All the research I’ve done and all the older retirees I’ve listened to pretty much say the same thing: get your bucket list items done as early as you can. If that means sacrificing for tomorrow, do it, as tomorrow may never come. Also, these retirees have mostly stated the amount you think you need is greater than what you actually need. Really is you spend less than you planned, especially as you get older. The rule of thumb is retirement is 3 phases: active-semi active-not at all or to use the terms: Go Go, Slow go, no go. The amount you need early in t=retirement is not the same as what you need while you aren’t able or interested in traveling more.
I feel this is where a good plan comes into place which does some some of “laddering” to your spending needs. You might need 100k as an active 50 something retiree if you travel a bunch, but when you’re in your mid 70s that amount will more than likely be high, and when you’re older and going nowhere, it’s definitely a lot more than needed.
__________________
|