We're Americans living in Europe and spend $70k living in a big city - do we have enough money saved to scale back from work?
Briefly

A Reddit user in Europe, aged 44, is contemplating retirement with a significant savings of €2.7 million. He faces the dilemma of potentially leaving a high-paying job which may be hard to replicate in the future. While he and his wife manage a comfortable net worth, including investments and properties, rising family expenses, particularly as their children grow, complicate his decision. Their current spending is around €70,000 annually, and they expect these costs to rise. The article emphasizes the importance of assessing one's financial situation thoroughly before making retirement decisions.
"A 44-year-old Reddit user in Europe is reevaluating his retirement potential with a controversial €2.7 million in savings, considering his family's rising expenses and future income."
"Despite a robust €2.7 million nest egg, the user faces challenges, including a high reliance on one income and rising family costs, making retirement decisions complex."
Read at 24/7 Wall St.
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