Originally Posted by
hopp
You’re asking pilots on an anonymous message board?
GET PROFESSIONAL HELP. I mean the financial planning type. Find a CFP and pay them. Best money you’ll ever spend.
If you have a retirement savings account at Schwab, they have a pretty inexpensive financial coaching program. I’d guess the other big houses have something similar.
If your too cheap for that, there are lot’s of books available. Try Jane Bryant Quinn.
Yes you need that just to avoid gross strategic errors, or getting raped by the tax man.
But it's not going to change the basic math. Assuming reasonably conservative performance you need $1M to provide $40k/year income.
How much income do you want in retirement? How much income do you *need*? That's your window.
You can always adjust risk to suit your personal taste, that will change either your savings plan, your retirement QOL, or both.
If you want to have your cake and eat it too, you'll need a specialty investment advisor, with a name like Bernard or Jordan.