POLL: How much wealth is enough to retire?

[dirtboy]

It would depend on how much money you plan on spending.

 

[djNickb]

Originally posted by: HeroOfPellinor
I think you're stupid if you retire with 1,000,000 in the bank and slowly watch it dwindle down.

I could retire with $0 in the bank so long as I had rental income from 5 houses coming in. If you own property, you'll steadily become RICHER the older you get.

EXACTLY

 

[djNickb]

Originally posted by: spidey07

Originally posted by: HeroOfPellinor
I think you're stupid if you retire with 1,000,000 in the bank and slowly watch it dwindle down.

I could retire with $0 in the bank so long as I had rental income from 5 houses coming in. If you own property, you'll steadily become RICHER the older you get.

That's a pretty risky retirement strategy.

Placing all of my future income against investments tied to the whims of the market, i.e 401k, mutual funds, etc., where your future value is directly tied to the market indices seems like a far more risky retirement strategy to me than owning cash generating assets like real estate rental properties.

 

[spidey07]

Originally posted by: djNickb

Originally posted by: spidey07

Originally posted by: HeroOfPellinor
I think you're stupid if you retire with 1,000,000 in the bank and slowly watch it dwindle down.

I could retire with $0 in the bank so long as I had rental income from 5 houses coming in. If you own property, you'll steadily become RICHER the older you get.

That's a pretty risky retirement strategy.

Placing all of my future income against investments tied to the whims of the market, i.e 401k, mutual funds, etc., where your future value is directly tied to the market indices seems like a far more risky retirement strategy to me than owning cash generating assets like real estate rental properties.

I like the idea of both.