[quote=The-Shoveler]IMO as long as your home is paid off (with a low prop 13 tax base) (not one of those homes with a 15-20k MR and tax bill)
I think you could easily make it on a lot less than a million in the bank (retirement).
I think people are being push to take high risk when there is no real need IMO.
200 – 500K should be enough to live really well (with a paid off home and low tax base)(SS and/or pension included of course).[/quote]
Agree except need to clarify last paragraph. The taxes need to be less than $800 year AND the pension/SS together needs to be $3K mo … to live comfortably and be able to make home and vehicle repairs and travel occasionally (1 or 2 person hshld).
If your property tax bill is more than $800 year and your monthly pension/SS is lower than $3K, than you will likely need $600K to $1M, depending on family longevity and other factors.
