Comfortable Amount of Savings

I would just want a amount that i can comfortably pay the bills buy the food and be able to spend on crafts and maybe a small vacation once in a while. I dont need to be a millionaire to be happy i just want to be able to live without worries and be comfortable.

I haven't really thought about retirement yet, but I think that an amount that would provide me food and shelter and to live with other basic needs as well would definitely be what I want by that time. It's not really specific but that's the plan so far.

i have heard that you should have at least 60% of what you live on now for at least 20 years past retirement. i think we do need to save and not rely on the government to take care of us when we age because the money is liable to run out.

I have SSD and a pension. I did have alittle in savings but used it long ago. And I had some stocks and bonds but I lived off of it once for about three years. It was great. Like a long needed vacation after a divorce. Now days for a person to live comfortably for 20-30 years you need a good pension hopefully and about $500,000.00 to really live comfortable. And getting up into the millions doesn't seem so far off either because things are getting more expensive. So many people are having to keep working and not able to retire.

I have not thought of a specific amount honestly and I still need to get a job before thinking of retirement. But your post made me contemplate. I think having my own house, a car, bonds, fixed deposits of three to four hundred thousand rupees, medical and life insurance would help me lead a comfortable life. But more importantly I hope that I would have people near me who care for me. Or else I would be leading a lonely life.

The amount needed should be enough to cover my daily expenses and needs. A bit of extra from that amount would be better. I am aiming on having a fund that can generate passive income to live by. Also, having a business or some real estate assets is part of my goals before retiring.

I would like to have 60 thousand in my funds so that I can live comfortably for the later days when I am old. But now I only have a few thousand and the interest is little only few hundreds a year, the interest will get big if your funds is big too so now I am working as hard as I can from now on and hoping that when that time comes, I can retire comfortably. Even after retire, I can still do some part time job to earn some pocket money.

For me, i'm comfortable with a small house with no mortgage, a vehicle (a car or motorcycles) and at least $500 monthly passive income from my bank interest or $1000 if i decided to have kids.

If I'll have an apartment with no montage + a car + no owning money to anyone (especially no banks) + $1M saving I'll know I can just live from the interest, and will be quite. Yet, the chances to actually get to this point is reducing all the time...

Hmm, your question reminded me that I'm not 20+ anymore. I should take these matters more seriously because time passes by. About your question, of course I think I'd prefer to have sufficient resources to live an easy life in my old age, perhaps even enjoy from time to time some vacations. I couldn't give you an approximation of what "sufficient" would be, because conditions and expectations might change in my life from now till then. It's also a matter of what people from different countries with different levels of development might find sufficient. Those amounts could be therefore relative.