Reply to how much money would you have to have in the bank to feel like you never needed to work again?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You will think my DH is insane but when he retired from full time a few years ago with a net worth of over $30 million, he set a five year plan to make enough money to pay all of our bills without touching our savings. I thought he was crazy but it was obvious that going cold turkey after a near 40 year career was not in his DNA. Well, he is near the five year mark and we have never touched our savings and despite his PT work we've had a great time in retirement. So it's not just about how much money you have it is what you want to do with your life. Thankfully he is now reaching the point where living off our savings is OK by him. [/quote]

This makes no sense. At 30m, why would you need to dig into your savings? You should make AT LEAST 1.5M in passive income. You cant manage to live off that? Lol![/quote]

PP - it doesn't make sense and we could live fine on our dividends but until now we've reinvested everything. He simply could not go cold turkey into retirement, he's just not wired that way, so he set a goal. He's now 66 and he's backing off a good amount of his part time work so we will start living off the dividends. [/quote]

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