I’m 37. I make $45,000 per year.
If I had $2 million, I guess I could match my current income on investment returns. But there’s no way i’d quit with just $2 million.
What if a bad investment breaks me 15 years down the road and i’m now a 52 year old who hasn’t worked in 15 years? I’d be screwed.
I’d need at least $8 million, after taxes, before i’d begin to feel comfortable quitting work.
How much would you need to feel safe enough? Remember that by quitting work, you’re seriously jeopardizing any future chance of decent employment if things go wrong.