Reply to Why wouldn't you retire on $5M?

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[quote=Anonymous][quote=Anonymous][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. $10k a month is really not much. We have $9M in cash/investments and no where near retirement (young 50s). Sure we could retire but I’m not living frugally in retirement [/quote]

You could travel the world full time on 9 mil and never run out of money. You would have to blow your money on dumb stuff like fancy cars or jewelry to run out of money.  [/quote]

Depends how you like to travel.  We are early 50s, retired and spend ~$45-50K/month. 
We have a 2nd home, nicer cars, and like to travel in luxury (95% of time fly business/first)

Also, cars and jewelry are not "dumb stuff", if that's what you enjoy.  We like to travel in luxury and enjoy fine dining and wines.  Some may consider that dumb, but we do not.  We earned the money, can easily afford to spend it, and will have plenty to give away when we die and plenty to ensure we live well until then.

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