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Reply to "Why wouldn't you retire on $5M?"
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[quote=Anonymous][quote=Anonymous]Very simple reason. My spend is way higher than $10,000 a month. In retirement looking to match current spend. Around $30,000 to $35,000 a month. Need to hit $12 million or perhaps $15 million. [/quote] This is the reason for us as well. We spend 30k a month on housing alone. Then add in private school tuition for our DC (this will obviously go away after she graduates); clothes, food, etc.; travel; donations; supporting family members. I have no idea what total spend per year is, but I'm guessing on the order of 700k-800k. I'm hoping to retire with at least 30 million.[/quote]
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