{ "media_type": "text", "post_content": "Debating a good time to retire. Would $10m nw incl real estate be good enough a kitty if kids education is funded?", "post_id": "6147d90241fbdc002c1d1bdf", "reply_count": 11, "vote_count": 3, "bowl_id": "5c133802e4f35d0012ad759f", "bowl_name": "Partners Only" }

Debating a good time to retire. Would $10m nw incl real estate be good enough a kitty if kids education is funded?

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Depends on your standard of living, but as a data point, $4.5M is our target retirement fund exclusive of Social Security and my wife's pension, so yes, it *can* be sufficient.

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Hell yes, it is enough. May it require a lifestyle adjustment? Only you can tell.

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10M sounds like plenty unless you have whopping housing and vehicle expenses. We are doing fine with 8: traveling plenty.

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Depends on where you live, lifestyle and what % is RE.

I am at $7.5M in assets and contemplating retirement in 24 months… agree with MD1, all depends on your plans

25% in RE

If you don’t live in an expensive city, it’s doable. For me being in NY, it’s tough to do with that amount

10M excl RE yes

I’m at about 10 now. But have 6 years of college still to pay. Is your house paid off? If kids are paid for and house is paid for 10 is enough if you don’t go crazy. I thought that 6 + real estate would be enough but the stock market pushed me past that. I can’t retire for 3 years in order to vest.

If you have $10M total, is $2.5 house and $7.5M investment portfolio? Is house mortgage free? What are your property taxes? Any other debt? Are you assuming 4% withdrawal rate - so $300K pre-tax annual income? Do you gave a pension or other income?

This is why they invented financial advisors.

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