this post was submitted on 16 Nov 2025
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I have three kids to support, and $1M would only produce about $30k/year in income if I use 3% withdrawal. I can't realistically use a higher withdrawal rate given how far I am from retirement.
I probably only need $2-3M (current spending is $60k or so), but $5M gives me plenty of cushion and lets me donate generously to causes I believe in. At $2-3M, I need to be careful when the economy is bad, $5M means I'll never need to worry about money again.