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What's the number? If you won the lottery tomorrow, what's the number you would just quit/retire and play golf all the time?

$100,000 for each of 6 grandchildren and I am done!
 
This so depends on your age and health. 5 mil seems like a good number if your home and cars are paid for.
And FWIW, your kids will suck you dry, so never reveal that number.
 
5 mil after taxes..

I can make that work. I probably wouldn’t quite working.
 
$5-10m after taxes is the number
 
As crazy as its sounds I think the number is about $15M in actual dollars hitting the accounts likely less but $15M i put in my notice that day. I want to be able to travel and enjoy life and spend how I want without repercussions plus have investments and take care of kids and immediate family expenses. I would likely still need to work doing something because that is a lot of time to do nothing or social/travel activities.
 
Deebo76 said:
A lot of low numbers here. I’m shocked to be honest
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Definitely has a lot to do with where one is in life. A 30-year old with 2-3 kids and college debt is going to have a much higher number in mind than a 65 year old empty nester with solid retirement savings. Unless that 65 year old's version of "retiring comfortably" is living in an exclusive gated golf community, having several country club memberships at high-end clubs across the country, and flying to them in their private jet. :LOL:
 
G-Man said:
As crazy as its sounds I think the number is about $15M in actual dollars hitting the accounts likely less but $15M i put in my notice that day. I want to be able to travel and enjoy life and spend how I want without repercussions plus have investments and take care of kids and immediate family expenses. I would likely still need to work doing something because that is a lot of time to do nothing or social/travel activities.
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Blaming Spider-Man GIF
 
Well since I just checked Powerball because this thread reminded me its a Billion on Saturday so I am going to assume that is enough for everyone in this thread to get a piece
 
2.5 Million
 
I think I'd probably want $15m in the bank account. Need to fund all the travel and whatever else to fill in the time if I stopped working now.
 
$50M probably. $100M if I’m going to also do all the things I want. I have other hobbies that also need to be accounted for.
 
Browndog said:
I’ll be 58 in two days. Retired at 45 and now play over 200 rounds a year.

Before retirement I was in the investment business.

If you have a comfortable lifestyle now just take your current pre tax income and multiply it by 25 and you will have a pretty good estimate of what you need to have invested to duplicate your current lifestyle without ever having to work again and be very confident that you’ll also never run out of money.
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That’s interesting that you mentioned that calculation. I did a rough estimate and I have that amount, but I am way above what my lifestyle was when I was working. I’m not a financial genius, but just maxed out savings along the way.
 
I do that now that I’m retired and I didn’t even win the lottery.
 
$8M net for me will return $240K a year at 3% which is way more than I need but can help my four children and their four children as well as my sister.
 
$1m, converted into GBP and I'd be gone.

I'm close enough to retirement, have a decent pension pot already, and my kids are almost through college. You never get the years back, and I'm itching to play more golf !
 
Browndog said:
I’ll be 58 in two days. Retired at 45 and now play over 200 rounds a year.

Before retirement I was in the investment business.

If you have a comfortable lifestyle now just take your current pre tax income and multiply it by 25 and you will have a pretty good estimate of what you need to have invested to duplicate your current lifestyle without ever having to work again and be very confident that you’ll also never run out of money.
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I may never be able to retire..... :ROFLMAO:

Here I was thinking $250K x 20 years, so 5 million?
 
3 million should be good enough for me to retired comfortably and do fun things as well
 
We aren’t fancy. I could do it on 2M or less, especially if I include our current investments. Anything higher would be gravy.
 
A couple million post tax and we good. Let that make $100k+ per year and spend down our savings for a while and the nest egg would rarely ever see a net reduction over a year
 
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