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Reply to "Why wouldn't you retire on $5M?"
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[quote=Anonymous][quote=Anonymous]Most people who amass $5 million are probably used to a fairly extravagant lifestyle! For them, it would be a step down to live on $10,000 per month.[/quote] This 1000% It all depends upon "how much money you need/want to live monthly". I'm not retiring early to scrimp and figure out how to live on way less than I do while working. You decide how you want to live in retirement, then plan and make sure you have enough. If that includes cutting back, go for it. But for many of us, it does not [/quote]
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