I thought I needed $5 million to retire. I now have $7 million and it still doesn't seem like enough - am I wrong?

Despite having surpassed his retirement savings goal of $5 million with $7 million, a Reddit user expresses concern about his readiness to retire. This feeling of insecurity is common, as many struggle to transition from saving to spending retirement savings. Objective calculations are essential for making retirement decisions, particularly for this Redditor who has significant assets yet questions his financial security. With a detailed analysis of income needs and potential expenses, he can better assess his retirement preparedness, rather than relying on his feelings alone.

The OP's big problem here is that he is making retirement decisions based on a feeling that he may not have enough money. You never want to make big financial decisions like this on the basis of feelings.

Many people have a hard time making the shift to actually spending all the money they worked so hard to save, so the OP's situation isn't an uncommon one.

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