[twelve40]

That's a huge blanket statement. Some people live under the bridge and to them even $1000 might be FU money. For the Bay Area, $1.2mil is enough for a family to scrape by if you have a house (on the way to getting paid off), otherwise that's not enough for a basic retirement and you are definitely on the hook to continue working, especially if you have (or plan to have) a family. If you say screw Bay Area and move to rural Montana, well, that's not 99% of cases.

[d3ckard]

You seem to misunderstand FU money. FU money it's not about "basic retirement" - it's about "I do not have to worry where my next meal is coming from for next X months/years". 1.2M$ can do a lot in that department.

[medvezhenok]

Yeah, FU money and FIRE are different concepts (although there are some overlap). The former is just about being able to quit a job whenever (with the expectation that you will find another one eventually)