Reply to And that’s the $5M point

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We just crossed it, this morning, based on this market price advance. (Investment portfolio, not counting house.)[/quote]

When do you expect to retire? We’re at 5.5M, and it’s hard to know what number is realistic. Not asking for advice; just curious what others are doing. [/quote]

The number is different for everyone. We  retired with ~4M and we’ll be more than comfortable. [/quote]

What does that look like? Are you relying on the cash to produce income without drawing down the funds or are you relying on pensions and social security if you are old enough to collect those?[/quote]

So far so good. We live comfortably and take several vacations a year. 4M was our magic number as we estimated we would need 4% per year and we conservatively estimated we’d earn 4% a year. We actually set a yearly budget of 150k. That includes mortgage and medical. We have a brokerage account that will be slowly dwindled down to pay for the yearly expenses as well as Roth conversions.  We have no pensions and are targeting taking SS at 70 to maximize our Roth conversions.

There are a lot of moving parts and variables but we’ll navigate each year as it comes. [/quote]

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