how much money would you have to have in the bank to feel like you never needed to work again?

[Anonymous]

And what's your personal situation (life stage / dependent kids etc)

[Anonymous]

7-8M. Married, mid-thirties, expecting our first kid this winter.

[Anonymous]

Sandwich generation with ill parents and teen kids.
$100 million in the bank and I'd quit

[Anonymous]

I would take a million. We have 200k in the bank in cash but that's to buy an investment property.

I have a 2 year old and a 2 month old. I'd love to quit and see them more but DH doesn't make enough.

[Anonymous]

Anonymous wrote:I would take a million. We have 200k in the bank in cash but that's to buy an investment property.

I have a 2 year old and a 2 month old. I'd love to quit and see them more but DH doesn't make enough.

Nice. So with a million, *one* of you could quit. That's not really the point of the question.

[Anonymous]

Anonymous wrote:Sandwich generation with ill parents and teen kids.
$100 million in the bank and I'd quit

Really? So $75 million, and you're still making your way into the office each day?

Idiot.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would take a million. We have 200k in the bank in cash but that's to buy an investment property.

I have a 2 year old and a 2 month old. I'd love to quit and see them more but DH doesn't make enough.

Nice. So with a million, *one* of you could quit. That's not really the point of the question.

Well the question didn't say for both of us to quit working.

[Anonymous]

For us it isn't about money in the bank, it's about passive income. We're aiming to have $7,500 a month in rental income (profit). We currently have about $6k -- should grow when one unit turns over and we can increase the rent and once a bunch of delayed repairs/improvements are over.

Next year, hopefully.

[Anonymous]

My parents quit after getting a lump sum of about $15 million 25 years ago. They live a pretty awesome lifestyle now with tons of travel and dining out, as well as owning several homes. They have also helped all their children buy homes. They obviously aren’t at private jet wealth but they are able to life a great life without any financial worries. I think if you get a good lump sum, and invest it well, you can live a nice life without needing to work anymore.

[Anonymous]

Probably about $5M to feel really secure. I think I'd do it on $2M if I were older and had the kids' college funded on top of that.

I'm 36 right now with 2 young kids. A ways to go...

[Anonymous]

My # is $7.5M. 38 years old, 2 kids.

I’ve got about $2M in liquid assets so far, and roughly $4.5M in far more speculative illiquid plays. If the illiquid bets pay off, I’m done, if not, it’ll be a while.

[Anonymous]

Probably $20M

[Anonymous]

$2-5 million; on the lower end if I had some way of getting health insurance until Medicare and on the higher end if I was paying out of pocket for that.

Mid-30s, married, no dependents. My wife wants to retire around age 60. I told her I'd support her retiring as soon as the house is paid off and we have $2 million in the bank/retirement accounts. I like my job and would probably want to work a little while longer than her, which would help with insurance, too.

[Anonymous]

7mil for 200k interest yearly salary

[Anonymous]

$10M for sure. Possibly somewhat less, but not less than $5M.
Single, HHI $250K.