How much money do you need to retire comfortably?

Question

No credit card bills, house paid for, cars paid for.

Answer 1

About 60 -80% of your current salary

Answer 2

Really, whatever you get off social security should be fine. If you are living in a house that is paid off and have nothing but your property taxes, food and utilities you'd be fine. Now if you don't have health insurance you would have to count that too. You'd also have to think about where you live. If you move to a place like Florida, California or Arizona to retire you are going to be paying higher taxes. Actually higher everything. Look to retire somewhere off the beaten path.