Right. It sounds funny to have a 2x guestimate from many people though. Is that evidence of a common mental heuristic for estimating and mitigating future risk?
I personally can think of a net worth figure which seems like it might be comfortable under lucky circumstances (no major crash or catastrophic health issue). And, right now I also feel like twice that would make me feel pretty secure. In spite of my concerns about the future unknowns, having that amount would probably cause me to essentially retire, turning my career into a hobby so I could shed the less enjoyable parts...
"2x" is the same thinking behind "if you don't have a backup for it, you only have it temporarily" , for anything "it" may be.
The thread starter is ambiguous about whether "secure" means "secure in what you currently temporarily have" vs "secure to have a reasonably acceptable life".
I personally can think of a net worth figure which seems like it might be comfortable under lucky circumstances (no major crash or catastrophic health issue). And, right now I also feel like twice that would make me feel pretty secure. In spite of my concerns about the future unknowns, having that amount would probably cause me to essentially retire, turning my career into a hobby so I could shed the less enjoyable parts...