Bartender Geek

I would modify your definition to include being highly confident that the "rich enough" state can continue to exist post-retirement. Many people have some rainy day savings but if you look at the trajectory of their retirement savings, it doesn't add up to security long-term. Also, there's dealing with more major unexpecteds than your example suggests to my mind... like a huge medical bill/disability or significant chunk of time unemployed. As you mention in your next post, strong community support/safety nets can change this dynamic a lot.