Thoughts on how much I would needy retire luxuriously at 45?

[Anonymous]

Anonymous wrote:This has to be a troll - who asks these kinds of questions on DCUM? Wouldn't you go to a financial planner? Unless you just want to get on here and brag.

I don't know, could be real, I got called a troll for asking about my situation. (early 30s, $1M so far) largely on the same premise. And yes, we have an advisor but sometimes it's nice to just get a second opinion. Or sometimes people give you ideas you hadn't thought of.

[Anonymous]

Anonymous wrote:to reliably have an income of about $1 million going forward, you should have an asset amount in the range of $26 million.

OP said they live on 25K a month in expenses, so they don't need to continue having an income of $1 million a year once they've reached "the number" in savings. I would say that having enough revenue to generate double the current rate of expenses at a modest ROR (maybe 5%) leaves a comfortable cushion for expense creep, due to inflation and the desire for more comforts as one gets older. I don't have a financial calculator handy, but I'd estimate that $15 million would be enough.

[Anonymous]

P.S. Add a couple million if you plan to send all four children to private schools.

[Anonymous]

Troll. Who asks this on an anonymous forum?
Why do I keep coming back here?