Core Insights - The discussion around a $10 million net worth as an ideal retirement target has gained traction, particularly in expensive cities like San Francisco, but may not be necessary for everyone [1][4][5] Group 1: Retirement Needs - A $10 million retirement target is deemed appropriate for high-cost living areas, while a $3 million portfolio suffices for an annual spending of $120,000 based on the 4% withdrawal rule [4][10] - Location and lifestyle significantly influence retirement needs, with those in lower-cost areas potentially retiring comfortably on $1 million or $2 million [6][4] - The importance of calculating monthly expenses and applying the 4% withdrawal rule is emphasized as a method to determine retirement savings requirements [10] Group 2: Work After Retirement - Some individuals with a net worth of $10 million or more choose to continue working, often due to job satisfaction or the desire to pursue more enjoyable career opportunities [8][9] - The case of a Redditor with a $12 million net worth illustrates that personal circumstances, such as job stress and income stability, can affect retirement decisions [9]