A million dollars ain't what it used to be. I hit that a while ago, but I'm still working my butt off.

When thinking about being able to retire, I generally consider that I'll need a million dollars for every $50K a year I need to live on. That's liquid assets, not total net worth.

If you can average 6-9% growth a year, you can tap into that for 5% to live on without getting into your principal and still leaving a little to account for inflation.

I figure I'll probably need about $100-125K a year to quit working completely, hence I would need $2-2,500,000 total of income producing assets in order to no longer require a salary.

See what I mean?

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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles