Reply to And that’s the $5M point

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You can retire with basically nothing if you have a big enough pension or real estate. If you think that you need more than 5 mil, you probably have a spending/mental problem. [/quote]

For those without a pension, $5M is only $150k a year on the 3% rule. [/quote]

3% is very conservative. You can draw more than 3% and still be very safe.
But even $150k a year to use is more than enough once you stop saving.
We earn $300k and enjoy a very comfortable lifestyle in Arlington. We save around a third of our earnings. If our house were fully paid off, we could maintain the same comfortable lifestyle we have now with just $150k.[/quote]

Yes, 3% is very conservative. It started out as the 4% rule. Then some wanted to be more conservative but most advisors that I listen to/follow now think that even 4% is too conservative. Some go up to 5% as long as you keep a 60/40 split between stocks and bonds. And these rules are supposed to be so your money lasts at least 30 years.[/quote]

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