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Depends on how you live and how you want to live, and the time frame, of course. For two million my parents could have lived like kings in their retirement. And I suppose I could too. But a lot of people I know would consider that paltry. And the timing matters, if you want to retire when you're 40 or something, that has to factor in.
Do you have a number in mind then or are you not worried about it currently?
In my head, that number is $10M. If I put that into a high yield income fund at an average dividend yield of 4%, that's $400k income in perpetuity. However, I'd probably keep going if I get there before my late 50's because I'd probably get bored
That's the "live comfortably and do most things I want for the rest of my life" amount. Anything on top of that would be to splurge I suppose
$20 mil for me, 10 of which will be used for philanthropy, the remaining for assets
What do you plan on giving to?