How much money would you need to retire right now??

[david050173]

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A married couple both working as public school teachers probably make an amount similar to this. Do you think most teachers live a very expensive lifesyle?

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Wtf? That is an insane comparison. How can you compare a situation where you are have regular jobs and need to be saving up a large portion of your money for the future to a situation where you have millions in the bank and whatever you "pay yourself" is 100% disposable? This isn't like having a $100k salary. This means that you are literally spending $100k a year. That's about $275 a day. You don't think you can by spending an average of less than $275 per day on food, insurance, entertainment, etc.? That's a huge amount.

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Your comparision is flawed in that most of your money isn't disposable income. You still have to grow your princple to prevent inflation from eroding your buying power. You still have to pay taxes on that growth. You still have to buy health insurance(look the prices for 50-60 year olds with a family). I am sure you don't better than a salary man but not by much.