Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - $60M Lotto Max jackpot cheque makes 31 N.L. co-workers instant millionaires

#-3 · 02-28-2018, 05:55 PM

I expect me and my wife to have a burn rate of about $100,000/ year when we retire until be loss mobility. Not working is expensive, traveling more, more clubs or sports.... going to movies.

So if I we 60 about $2 million is cash would be about right and I would hope to have about $1 M in property assets to start liquidating in my 80s.

But right now in my 30`s it would probably need to 4 -5 million to avoid the risk of returning to work. A little bit less per year might be OK because extra interest might slow the burn rate early on.

Also as some have said, full retirement could get a little boring while the kids are in school and I am less mobile, I would certainly need to find a fun income generating project for the next 10 - 15 years.

02-28-2018, 05:55 PM	#30
#-3 #1 Goaltender Join Date: Mar 2008 Exp:	I expect me and my wife to have a burn rate of about $100,000/ year when we retire until be loss mobility. Not working is expensive, traveling more, more clubs or sports.... going to movies. So if I we 60 about $2 million is cash would be about right and I would hope to have about $1 M in property assets to start liquidating in my 80s. But right now in my 30`s it would probably need to 4 -5 million to avoid the risk of returning to work. A little bit less per year might be OK because extra interest might slow the burn rate early on. Also as some have said, full retirement could get a little boring while the kids are in school and I am less mobile, I would certainly need to find a fun income generating project for the next 10 - 15 years.