> If you have left over savings when you die, you did it wrong.
which would be a fine statement if we knew exactly what is going to happen.
As we have no idea if we are going to live till 100, and drop dead in the act of procreation with one's 50th life partner, or die at 32 of bone cancer after 5 years of off/on chemo and other invasive procedures. One has to build in slop to cope with all that life might throw at you.
The amount you save is entirely up to you. Some people might be willing to live off beans if they save enough to move to a pacific island in 5-10 years.
Other people are contented to live a bit larger, because they plan to stay where there are.
As with all things you need to figure out your goal and plan for that, and have enough slop to account likley occurrences (family, illness, recessions)
which would be a fine statement if we knew exactly what is going to happen.
As we have no idea if we are going to live till 100, and drop dead in the act of procreation with one's 50th life partner, or die at 32 of bone cancer after 5 years of off/on chemo and other invasive procedures. One has to build in slop to cope with all that life might throw at you.
The amount you save is entirely up to you. Some people might be willing to live off beans if they save enough to move to a pacific island in 5-10 years.
Other people are contented to live a bit larger, because they plan to stay where there are.
As with all things you need to figure out your goal and plan for that, and have enough slop to account likley occurrences (family, illness, recessions)