It doesn't matter what you have. I only matters what you spend. Lots of people can be good with $300,000 in their 401K and Social Security, because their spending is low. Personally the cost of healthcare between retirement and medicare scares me more than not having enough in my 401K.
Exactly.
Without mortgage I could easily survive off a VA disability and small income from a rental.
Any SS, 401, IRA, would just be spending money.
Not that I make a ton, but I don't have many absolute expenses.
No subscriptions, don't eat out, don't have TV, heat with basically free used oil, drive 15+ yr old vehicles that I bought well used (never bought one new), don't eat fancy food, etc.
The $$ Ive spent in tools, equipment, etc, I do so with a plan.
Like need dirt work done. Quoted 75k+ by a contractor. Bought a dozer, dump truck and excavator for ~50k, another 5k in maintenance.
Use them, sell for ~50k... plus used on tons of other tasks.
The dump truck I hauled for a guy and it paid for itself in a summer.
