IMHO a couple over 65 needs $3-5M in investible assets in order to live a relatively worry-free upper middle class comfortable retirement. If one's SS is on the high side, $2500+/mo and one has a good solid pension $3M should easily work, otherwise $5M would be safer. Under these conditions the money needs to be sensibly invested and capital not invaded for extravagant living expenses.
My brother has in-laws who literally have no savings whatsoever except a hoard of gold acquired over many years and some collectible guns. They have lived high on the hog, large primary and vacation homes, a motorhome, a boat and so on but they have very solid pension income of $200,000 per year.
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Last edited by manaboutown; 04-10-2025 at 01:59 PM.
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