Since expected earnings are being discussed, what vehicles are you all using to park this cash in at this point in life? Good/Bad/Indifferent, I will be extra conservative. Im ok with a 3-4% return if I can sleep at night knowing its not going to disappear overnight.

Full disclosure- other than kids college fund I am not in the market. All my assets are in commercial and residential real estate to the tune of around $4.5mm.

I'm 100% stocks, but I am early in my career

My goal has been 5mil, oscillates some around there, but I'm liking the 200k/yr safe withdrawal rate

Today in my early 40's, $8 million in the market. That number goes down to $4-5 million at 65 (kids should be off and grown and I'll have less years to fund in front of me).

Pretty much all stocks and in my 40s. But, there is no way I'll be happy with 3-4% returns. That is many years of less retirement.

Once you have enough, get a great financial advisor and let them be smart with it.

This is a question ? I assume your family had land/mineral rights where development occurred ? Not too sure about the creating on that side of it. My wife has had some of that to a much smaller extent and would call it more of a recipient relationship vs. create.

Cyp0111 said:

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This is a question ? I assume your family had land/mineral rights where development occurred ? Not too sure about the creating on that side of it. My wife has had some of that to a much smaller extent and would call it more of a recipient relationship vs. create.

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The gas and oil started the base with my father. It has continued but it represents only about 5% of my business revenue. What I have "created" is several businesses, manufacturing, farming, cattle, commodity trading, etc. I would never claim oil/gas is "creating" as it is basically hitting the lottery.

50 million

thats alot of cash flow sources

This is kinda the F U money thread, if we want to unclutter the millionaires thread

Nsfanywhere:


I think mine's somewhere around 15M, that's properties (including primary residence) totaling about 4M, then 4% annual withdrawal on 11M liquid/income generating to cover 5% in property taxes, 1% for maintenance, and 200k/yr petty cash

Probably somewhere between 5-10 million for me to give up my day job.

$4Mm.

I wish I knew the answer. We have enough but I don't have a plan to convert stock to income as my portfolio isn't dividend driven.

azul_rain said:

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everybody has a number whether its reasonable or not, for you to just quit and live your life, whats yours ?

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on target for $1.3 million by July 2026.

divorced many years ago, no children.

move to Europe for a few months at age 55, then to Florida.

part time History substitute teacher, sunday school teacher, consulting work, build Model Hobby Tamiya tanks and sell them on Ebay.

LMCane said:

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azul_rain said:

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everybody has a number whether its reasonable or not, for you to just quit and live your life, whats yours ?

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on target for $1.3 million by July 2026.

divorced many years ago, no children.

move to Europe for a few months at age 55, then to Florida.

part time History substitute teacher, sunday school teacher, consulting work, build Model Hobby Tamiya tanks and sell them on Ebay.

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sounds fairly stress free.... i like it!

why europe? where? I'm curious about living abroad.

GenericAggie said:

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LMCane said:

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azul_rain said:

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everybody has a number whether its reasonable or not, for you to just quit and live your life, whats yours ?

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on target for $1.3 million by July 2026.

divorced many years ago, no children.

move to Europe for a few months at age 55, then to Florida.

part time History substitute teacher, sunday school teacher, consulting work, build Model Hobby Tamiya tanks and sell them on Ebay.

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sounds fairly stress free.... i like it!

why europe? where? I'm curious about living abroad.

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I have lived overseas several times but in expensive Israel.

with no kids, the best thing to do is travel the world and live where it is CHEAPER than to live in the USA.

Krakow Poland, Budapest, Prague, Odessa (if the war is over), Black Sea coast of Bulgaria.

Not all the time, but looking into buying a condo to use in the summer in Europe and then be based out of the Melbourne/Palm Bay area in Florida. I'm only 53 now so have a few more years of corporate work then shift to part time doing what I want when I get back from traveling Europe for a few months enjoying life.

Start in Lisbon, move east with Italy and Greece in the winter months.

So since this thread, I ended going back to work at a startup and my wife retired. Complete reversal in household.

I work more now than I ever did in corporate with less pay. My hourly wage has dropped significantly. Ha.

Upside is greater but that is TBD.

Raised mine to $10MM, including paid off house. 2.5% withdraw rate as I want to reinvest in other fun stuff.

are you retired?

My goal is about 2 million but I plan to retire from my real job before I have that much and let my 401K grow over 6 or so years and get a job delivering pizza or whatever while my 401K rides the market.

no- im 39

Similar. I will probably move abroad and teach or something for a few years then hang it up.

Hoyt Ag said:

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jamey said:

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My goal is about 2 million but I plan to retire from my real job before I have that much and let my 401K grow over 6 or so years and get a job delivering pizza or whatever while my 401K rides the market.

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Same, but not deliver pizza. Probably move abroad and teach or find something to float by on.

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Yeah, I just threw that out there. My stepdaughter averages about $20 an hour though with insurance

Moving abroad does sound interesting but I'll have an 18 year old graduating HS and starting college when I'm 65.

I think I could do one of those tiny houses, maybe an RV too and see the states.

jamey said:

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Hoyt Ag said:

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jamey said:

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My goal is about 2 million but I plan to retire from my real job before I have that much and let my 401K grow over 6 or so years and get a job delivering pizza or whatever while my 401K rides the market.

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Same, but not deliver pizza. Probably move abroad and teach or find something to float by on.

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Yeah, I just threw that out there. My stepdaughter averages about $20 an hour though with insurance

Moving abroad does sound interesting but I'll have an 18 year old graduating HS and starting college when I'm 65.

I think I could do one of those tiny houses, maybe an RV too and see the states.

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Literally us.

$1.3, 36 with one kido. She starts K this August and we're initiating "Coast FIRE." Meaning, we have a van conversion delivering in May, wife is dialing back to .5 FTE (6 shifts / mo) and I'm taking a sabbatical (20% leave of absence from mega-firm consulting).

Our ultimate FI number is $2.5. Rule of 72, we should be there by 45. Wife will continue after our summer of fun at .5FTE which covers 80% of our expenses. I'm not sure what I'll do next, but it won't be consulting.

I am a bit of a paranoid person due to childhood PTSD, so my numbers may be a bit higher than needed.

I am shooting for $15M.
If I get to $20M, I will feel completely safe.

This is as of today, my views may change in the future.

$10M liquid for me. Not including 401k, IRAs, etc. Just cash, stocks, bonds, etc.

I live in the liberal cesspool of CO and wish I could retire sooner and rent my paid off house as income but I have not run the numbers on how that will work yet. As of now, the plan is to work 5-6 years and then sell it all and figure it out.

Im 47 and retired back in January. I am living off a decent chunk of change at 5% interest plus incoming producing commercial real estate. Just holding on a few more years to graduate my kids from private school then its smooth sailing. Their tuition along with BS health insurance is what kills me every month.

My smartest play was putting $250k in bitcoin when it was at $16k. I will cash out when it gets to $76k. I expect that to happen by mid October.

BoDog said:

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Im 47 and retired back in January. I am living off a decent chunk of change at 5% interest plus incoming producing commercial real estate. Just holding on a few more years to graduate my kids from private school then its smooth sailing. Their tuition along with BS health insurance is what kills me every month.

My smartest play was putting $250k in bitcoin when it was at $16k. I will cash out when it gets to $76k. I expect that to happen by mid October.

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Maybe you should wait for $78.992.13 instead, if you can wait until "early November".

Looks like you are seeking $1,000,000 net after tax, but ignoring NIIT. If this isn't what you are doing that math was perfectly coincidental.

Ha ha. Completely coincidental. I followed a couple of guys (mainly one guy) several years ago who were so spot on with bitcoin prices I almost think it was rigged. Regardless because of them I have my kids college paid for.

Anyway, he has since gone radio silent but that is my educated guess where we are headed. Several on here with decent track records think it will hit 100k by year end but I think that is wishful thinking.

Like several prior posts,$8M by 55 is my goal. I am 47 now and both kids will be out of college in 6 years. $8M is achievable but not guaranteed, obviously. How did we get to this position? Dual F500 incomes that have escalated nicely and maxed out 401ks from the beginning…or soon after the beginning. We both came from poor, broken households and each had ~14k in student loans at graduation, but college was cheap-ish back then. The road is tougher for kids now. Luckily ours will graduate debt free. We consider ourselves very lucky, but either of us, or both, could die randomly tomorrow. There are few guarantees for success in life, but you can put yourself on the right track by starting to save early…and marrying a kick ass high earning wife (or husband).