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Reply to "And that’s the $5M point "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can I retire if I have real estate portfolio that generates $330k/year gross, no debt and $1m in brokerage ? [/quote] It all depends on how much you spend!! I chuckle when people ask this question with no context. We spend over $300K a year. Our investments are around $15K a year. We had an analysis done recently that showed at that rate, we would leave a good fortune to our heirs. If we wanted to completely spend down our money, we would need to spend about a half million a year every year.[/quote] I’m single, spend $120-170k a year. Highest years is when I still help my child in college [/quote]
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