Is $5 Million Enough? Here’s How Much You REALLY Need to Retire Early!

[@OurRichJourney]

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[@dubsdolby9437]

I retired at 53 net worth around 2 million. No financial dependants, no debt. 50k annually in dividends 👍 grew my net worth 200k this year 😊

[@jayplays568]

This sounds awesome, congrats! Can I ask, what size is your investment portfolio to be able to generate 50k per year and is it invested in individual companies or index funds? Also, do you own a property or did you opt for the rental route?

[@anthonybutler3157]

Interesting video. Retired to central portugal; 6 years now, on 500k. The most important financial things we have found for a happy retirement are no debt, regular cash flow, and living below one's means. We are living a great retirement and have more money than we retired with.

[@OurRichJourney]

That is FANTASTIC!!!❤️

[@Moneywithswabi]

Thats the way to go 🎉

[@jayplays568]

How do you generate regular cash flow? Do you own rental properties or is the 500k all invested in shares/index funds?

[@BigTroubleD]

What assets did you invest in and at what age?

[@j.wilkerson1905]

You guys rock, thanks for keeping us excited about our futures...you're both so likable and such a lovely couple.

[@OurRichJourney]

Aww, thank you so much for your kind words! So sweet of you to say!!!🥰

[@TheLabossShow]

First, they are saying the retirement age is now longer 65 now they are saying you need more money to retire. ITS BECAUSE THEY WANT TO KEEP YOU IN THE SYSTEM! Keep sharing the knowledge guys 🙏🏿

[@bishoptrumplo5461]

No money is enough people just be happy with what you have ❤

[@ChristopherNunn-hn6oc]

How much you need to retire is completely subjective

[@OurRichJourney]

Yes!!!😊

[@LostintheUS-2030]

​@@OurRichJourney HI 👋🏽! Suze Orman said we need $10M👀🤑🤬

[@Moneywithswabi]

I retired at 41 with $2M plus. The million dollar retirement or 4% withdrawal rate is a myth though. It comes down to your lifestyle, when and where you want to retire

[@drticktock4011]

Two things dominate Your Number. 1. What do u want to do? Season baseball tickets, traveling first class, eating steak/lobster 2 times a week VERSUS watching the birds, staying local, going to early bird dinner specials, etc. 2. Geographic location. San Fran $$! Is much different than Des Moines, Iowa.

[@QLDavis01]

Exactly!

[@tomTom-lb5cu]

That’s quite a retirement inflation bump from 1 million to 5 million I’d say. I do remember when I first started working in 1977 I used to think and set a goal to reach 100k. And I was making about 14K/ year. Take home was probably about 11K / year. Now salaries are way more so a nice number is 1 million I’d say to my old thinking. People in their 20’s and 30’s I’d say a comfortable retirement will be 2.5 - 3 million by the time they wanna retire whatever age they choose as long as they have 2.5 - 3 million and no home mortgage . But if you really wanna retire at a certain age you will make a plan set the goal then go crazy working your ass off to hit it. It ain’t gonna come without looks of discipline and investing. Stocks, real estate or a business of your own. That’s your ticket. Can be 1 or all three whatever works for you.

[@OurRichJourney]

Completely agree!!! It does take lots of discipline AND investing! Both are required! 😊

[@js27-a5t]

Probably my favorite thing to see on this channel is when Christina smiles and looks so proud when Amon gets really pumped up at the start of videos.

[@ShmaAdonaiEhad]

Your videos are a blessing. I joined the Journey a few years back thanks to your videos and bought my first ever index fund. I was adamant about getting an index fund even though I had no previous experience in investing. I'm so glad that I did. I have no regrets. I am on my merry way and I have already seen progress in the few years that I have been on it. Thank you for all of the information that you share, and your for your passion to help others to be informed about their finances. God bless you and keep you all.

[@islahbarney9264]

Did you open it w Vanguard? Can you share which fund you chose and entry amount?

[@tomTom-lb5cu]

Retired at 61 small pension and my out of retirement account savings and investments. At 62 took ss. Barely had 1 million in retirement account. Transferee my company 401k to a self directed regular IRA. Set it up with enough solid companies to pay me dividends as needed. And because I don’t have all those paycheck deductions my clear money/ year is more than working. I only used about 250k - 350k for these dividend payers so the remainder is in growth ETF’s like the S&P 500 type (vanguard VOO) and some growth ETF’S from fidelity ( FDIS, FSTA &FTEC ). So the 1 million in retirement is more than enough. I could definitely do it on 500K. Of course my home is paid off and I have no credit car or auto debt either. It was just common sense the years I was working the sucky 9-5.

[@OurRichJourney]

That’s awesome! Thanks so much for sharing!!!!

[@SC_Can]

Retiring this year, 51, with $2 million. Life is short, simple living while being free is better than an expensive life as a slave.

[@fdm2155]

Yeah, $5M is crazy. My number is more like $2 - 2.5M depending on where I choose to live and when.

[@andrealawrence8583]

The average person living for the next 40 years need 30 million

[@Moneywithswabi]

@@andrealawrence8583If you have $10M invested in S&P, with 10%, it will generate $1M a year. If you are debt free, do you really need $1M for regular expenses? Plz note, your $10M will remain untouched

[@LibaaxTopG]

@@andrealawrence8583where do you get your numbers from ? Did you study mathematics 🧮 arithmetic ? $40,000,000 will be a fortune for at least the next 30 years . Also if your money is invested in equities , real estate , etc your portfolio of $1M should keep up or surpass inflation to the next 100 years except God forbid an apocalypse which you would be worrying more about surviving and other stuff

[@CharlesSharpe-hw1zr]

Am 58 retiring next year but the thought of retirement gives me weakness. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.

[@jayplays568]

Does that 2-2.5m include your home and retirement accounts or is it 2-2.5m in a separate investment account?

[@obfrazier]

Ok, editing is getting better and better. Thanks for all the helpful tips!

[@Dweeble233]

I've run the numbers and I do not need $1m. Indeed as my house and car are paid for, I really only need a fraction of that. But $1m will enable a higher standard of living AND even more important, the principal keeps growing.

[@ilsevanheerden4976]

Same

[@pengep7792]

Thank you guys!! I always appreciated your tips!!

[@sunshine242-l4y]

“They out here saying….”

[@OurRichJourney]

😂😂😂

[@viridianwealth]

Good stuff

[@feliciaflinders]

❤ I saw these £5m numbers. So, off putting. Thanks for making this video to clarify this ❤

[@OurRichJourney]

Hey Felicia! Totally agree! I remember when I was young, my mom said she would retire when she hit $1M. I get that inflation occurs . . . But $5M?!🙄

[@jeffDwyer1]

The concept of mini-retirement changed my life. I'm no longer waiting for some retirement paradise when I'm 65. It helps to know how to fund the lifestyle. You know, making money while you sip that piña colada by the beach does help. I wouldn't have been able to do it otherwise.

[@Rachadrian]

Yeah, people miss that part. You don't jet out to Puerto Rico with your life savings. Proper investing and a good business acumen are big pluses. Invest in the stock market, real estate, build businesses. That's just it.

[@DeannaKelly-d8j]

you guys changed my life forever...ty

[@rgarri6396]

Only changes your life if you implement it!

[@investingwitha-aron8055]

I agree. $1 million is not much nowdays. Inflation is really high.

[@rhondahopkins4366]

I think 5 million to give you a nice cushion. The singers that are living in luxury a senior living prices start at $2000 up to $7,000 a month and let's not forget if you have 24 care that's easily $200,000 a year. And if you have someone that's in skill that's $15,000 and up a month. And this is not only seniors, this is people with disability, people that have kids that have autism that need help.

[@nvasudeva]

Awesome video .. just curious , do you do video editing yourself or do you have a video editor ?

[@frapi5018]

It’s all about managing the money. I know millionaires who are always financially in trouble. I know people who live with 30K a year and they live like kings!

[@sulemanpiracha8123]

Oooh, that is scary. I don't have even a million and retired last year. I can tell from my experience that 60K is not enough for living in the US. The health care costs are high and if you don't move to Portugal or other low cost areas, you keep traveling and that increases your (travel) expenses. Actually, these numbers are mentioned by Financial Planners to lead the same life style as before retirement. If a couple has been spending 200K before retirement then they do need 5 million if they want to stay in the US.

[@supalpatel6649]

Thank you 🙏🏽

[@layla8647]

That's out reach for 85% of Americans & for ppl all over the world. 5M is BS 🙄

[@JasonAmir-qo4uo]

People are facing a tough retirement. and it's even harder for workers to save due to low-paying jobs, inflation, and high rents. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire in.

[@bulbasaur9291]

All of it was engineered. Rich people need pour people otherwise who will work for them ?

[@egolessarts]

never a one size fits all in this 🌍🌎🗺❤ -- love the "Less Ego More Soul artwork too, btw.

[@jonathanfoster2263]

I'm retiring comfortably at 60 with $670,000 in retirement assets. It brings in more income than I was making when I worked

[@OurRichJourney]

🥰🥰🥰

[@angiedee2722]

Where will you live? Will you still pay rent?

[@LibaaxTopG]

@as2223multiply by 4-6% or possibly up to 10% , or you can change depending on performance of your portfolio. For simplicity sake , roughly $24k-$36k annually in addition to SSI it may be enough especially if house is paid off

[@luxurytravelspotlight]

We need more financial role models like you guys! See it = Be it. FYI, you're right that the focus should be on dependable cash flow from all (passive) sources exceeding your expenses. If you only have 1 or 2 sources of passive income, it's harder to meet your financial goals in retirement.

[@berniekeene868]

I have lived in Mexico for two years. If you are going to retire in a non-English speaking country be prepared to learn the local language. Not easy for most people of retirement age. Meeting the financial requirements of visas can be another hurdle. Expense of traveling back to the US on occasion needs to be factored into your budget. If you plan to return to the US later in life and want to be on Medicare you should pay the premiums even while living abroad. For most people it is best to delay SS for as long as possible but the older you are the more challenging it can be to move abroad. It is simply very important to look at the challenges as well as the opportunities when making a life changing decision that can be costly to reverse. $40,000 truly doesn’t go very far for an American in most parts of Mexico

[@Stanleee-8]

Individuals are confronted with a challenging retirement. and because of low wages, inflation, and elevated rents, it becomes even more difficult for employees to save money. Also, middle-class Americans struggle to become homeowners, resulting in a lack of retirement residences for them.

[@GuptaBrant-x5x]

I went to a retirement seminar earlier this year and the most confusing part of it was the health insurance after I retired and After watching some youtube videos, I sincerely doubt 5million will be enough for retirement. I don't even feel like I will ever have enough money to actually retire.

[@rabukan5842]

1 million might be necessary in the US, but I've been living abroad for 16 years now and will be retiring with that amount, but won't come close to needing it. If you have $400,000 and average 4-6%/year ROI (I earn over 10%) you will be averaging around $16-20k/year. In the US, this is not enough, but in Asia or parts of Europe, this is more than enough to live on, especially if you are on a pension like SS. In that case, you might not even have to touch the principle, ever. My pensions are more than that, so I can easily live off of the pensions, and let my investments keep compounding and growing.

[@weho_brian]

3 years later... Is $10 Million enough to retire?!?!!

[@whodey2112]

Susie Orman will probably tell us we need 20 million 😂

[@alifnomad3223]

Magic number is close to $3M USD liquid (thanks to inflation).

[@cynthiaowens9107]

Thanks for the video, very informative; people have to stop listening to the noise…save, invest!😉💰

[@SergioMartinez-i4n]

A nice way to retire. I feel that retirees who struggle to cover their basic necessities are those who did not save enough money during their active years. Many aspects of life are influenced by retirement decisions. My wife and I both worked the same amount of years in the public service; she invested through a wealth manager, while I invested with the $401,000. We are both still earning after our retirement money has grown significantly more than it would have with only $401,000.

[@amazedworld2521]

I live in the SF Bay Area (VHCOL) - home paid off, hit $5 Million in liquid net worth in my 40s with a salary of $250k a year. I want to retire at 50 with $10m so I can live off 3% of that. Family of 4, two kids will be going to private colleges (~$100k a year each). So no, $5 million isn't enough for us. But for the majority of Americans who can barely afford an emergency of $400, I can understand that $5 million would be a dream. It's all relative. I'm posting anonymously because our friends have no clue we are multi- millionaires. We don't drive flashy cars and actually look "poor" - but we have no budgets when it comes to vacations. :-)

[@hassanzorome7497]

I don’t need 5millions to retire with but I set my goal at 5.5 millions by age 60 and be able to generate 200k a year of dividends.My minimum is 100k a year when I retire and I’m on track to outperform that number by the way nice video and topic.

[@bulbasaur9291]

You will never stop because the goalposts keep moving. Everybody who "made it" realize that there are levels to wealth, and that millionaires are ants compared to billionaires.

[@sidandsof12]

Loving the new vintage background. I used all of it! ❤

[@OurRichJourney]

Thank you!!!! You should see our media room - full of vintage stuff! Going to be sharing soon!🥰🥰🥰

[@ariefraiser140]

The medium household income is around 78,000/year. Back of the napkin math shows someone needs about $2 million to achieve that. $5 million gets you about $200,000/year. Most households are not even making that. Then you add in the fact that $200,000 in retirement income even if all of it is from a traditional ira or 401k nets you more after taxes than a $200,000/year w2 job I don't know why people are saying $5 million is needed to retire.

[@MeredithCopeland-z4v]

retirement can be so fun is if you retire with a huge investment. it doesn't matter the money in your bank what matters is the huge investment plan you have

[@Jillyshrum]

I'm hoping to retire next year at 55. My goal next year is to be more serious and consistent with my investments I've been investing since I was 22. 2025 is going to be more serous for me investing consistently for the long term. starting to save for a house down payment. I want to invest more than $105k, but I'm not sure on how to mitigate risk.

[@savantmoore]

Nobody every has a video on how to withdraw the 4% rule.

[@kennethkaranja3034]

Can you talk about FIRE ETF like FIRI and FIRS?

[@rickycordero359]

Is the 4% rule based on a 30-year retirement? If so, how does the 4% rule pertain to someone trying to retire early and needing maybe 40 years of retirement?

[@b5thomas7]

"The main goal of the Trinity Study was to find out how much retirees could safely withdraw from their portfolios each year without running out of money. The study focused on periods of 30 years and concluded that a 4% withdrawal rate was generally safe, meaning retirees could withdraw 4% of their portfolio in the first year of retirement, adjust the amount for inflation each year, and have a high likelihood of not depleting their funds over 30 years."

[@rickycordero359]

@@b5thomas7 Thanks! So if the 4% rule is based on a typical 30 year retirement, this rule would not pertain to someone that is looking to retire early and need their money to last 40 years, correct? What is a good % or rule to follow for that?

[@chris_harvey]

​@@rickycordero359​ Most planners say 3.5% is safer for that period of time. If you are retiring at 40 or earlier 3.25% would cover any 50 year period in history. (basically extending the Trinity Study to 50 years)

[@jeanwangg]

Honestly, in the bay area, it's never enough unfortunately

[@goguled]

My accounting professor said you need 5 million to retire in 2015. Ten years ago. I am sure that has doubled by now to 10 million dollars.

[@martywilliard]

EXPENSES are your barometer

[@912912patriot]

🎯🎯🎯

[@toranaga1969]

The amount needed to retire is a moving target. With inflation and unexpected medical issues and unforeseen circumstances can change your situation.

[@noreenn6976]

Is the moving update coming soon?

[@OurRichJourney]

Soon!!!🥰

[@RicoAdv3]

I think 1 million is more than enough. Question: My employer offers a traditional 401k and roth 401k, what do you recommend is best? I make less than 6 figures and live off $6k a year.

[@OurRichJourney]

That depends on what your goal is in terms of taxes. With a traditional 401k, you get to reduce your taxable income and your money grows tax deferred in that account. With a Roth 401k, you don’t get the immediate tax benefits in that your contributions won’t reduce your taxable income. But, your money grows tax-free in a Roth 401K, which means you won’t be taxed on the money when you pull it out (assuming you meet the requirements when you pull it out).

[@RicoAdv3]

@OurRichJourney Thank you, I'll be looking into the classes you offer to learn more. Keep up the great work!

[@JeffWilliamfick]

I’d be retiring or working less in 5 years, curious to know how best people split their pay, how much of it goes into savings, spendings, and investments. I earn around $250k per year but nothing significant to show for it yet.

[@richarddamien4654]

I am currently in my 50s and This is no time to taper retirement savings. I want to max out my retirement contributions and I also have another $120k in a savings account that I want to invest in a non-retirement account. Where would you invest this as of now?

[@sidandsof12]

I think about living out my 70’s 80’s in a safe environment where I’m taken care of if I require it outside the US.

[@OurRichJourney]

So many options around the world!🌍😊

[@johnever3226]

Great video and adviced as always ,,, been watching many of your videos... can you please give some examples of investing your nest egg to get the best passive income ,, we (me and wife ) have been buying cd's and t bills getting around 4 % ,, is there a better investment option out there ... thank you ..

[@danelledautrievesanford]

Hi There 😊

[@OurRichJourney]

Hey there Danelle!!!🥰

[@waldenharvey1278]

I’m 45 and aiming to retire with $2,000,000 by age 60, but it feels like an uphill battle. I have about $550k saved in my 401(k), but with inflation and market fluctuations, I’m starting to question if it’s even possible.

[@BKNb77]

Just buy some Tesla stock and it should be fine

[@td4940]

Don’t worry, you are better off than most at your age. Find a good ETF and a few good stocks. I was in early on Netflix, Tesla, Google, and Amazon to name my biggest hits. I invested long term, 5 or more years. For example, I did a YOLO on Tesla stock in January 2020, first time selling small amount Tuesday @ $480, $30 was my average cost.

[@quangyung6751]

If you are frugal no problem. If you are high maintenance than yes 5 million plus.

[@embitious630]

I only have 300k and living off the interest in a beautiful island of panglao

[@PAULIEL.]

GREAT INFO. HAVE A GOOD FRIEND WHO WORKS FOR THE FEDERAL GOV./DEPT OF VETERAN AFFAIRS, HE GOT TRANSFERRED TO A SMALL TOWN IN SOUTH DAKOTA FROM FLORIDA, AND HIS RENT FOR A ONE BEDROOM APARTMENT IS ONLY $525 USD A MONTH AND THAT INCLUDES ALL UTILITIES, PLUS HIS LANDLORD GAVE HIM A SPORT PACKAGE FROM CABLE THAT THE LANDLORD PAYS FOR. HE TOLD ME HE IS SAVING OVER HALF HIS INCOME EASILY LIVING THERE.

[@OurRichJourney]

That is AMAZING!!!! definitely doesn’t require $5M to retire there!!!

[@willmallory9085]

Excellent video Team. I may need that $5M to have a housekeeper when I'm 70.

[@OurRichJourney]

🤣🤣🤣

[@westcoastmediasolutions]

I’m going to retire in 60 months at age 57. I will have approximately $250k in my tsp, plus govt pension. Hubby will have approx $150k plus ssa. Our bread and butter will come from our real estate investments. Our RE in the USA will be paid off or almost paid off by then. And our house and Airbnb biz in Kenya is being built with cash as we are it for the most part.

[@Khotsa]

Investing in small towns in Kenya has higher returns than the larger cities plus housing in small towns has extremely high demand. I’m doing the same but given I work in academia I hope to work until 70 😊

[@budnino8752]

So if I pull 40000 in shares, how much in capital gains tax do I have to pay???

[@bobby350z]

I have seen folks with

[@bulbasaur9291]

The goalposts never stop moving. Grow or die, that's the rule of capitalism.

[@frugalsquirrel1725]

The 4% rule is not suitable for FIRE as it only guarantees a 30 year retirement. If you want your retirement to be guaranteed indefinitely, your goal should be 3.2%.

[@SlowlyMotivate]

Yeah or be able to just live off the divvys and never have to sell a share

[@frugalsquirrel1725]

@as2223 I used FIREcalc and was looking at 100 year investment horizons to see which FIRE number would have a 100% success rate to last 'indefinitely'. That's how I got the 3.2% number. I only mention it because you have some people in their 30s that think the 4% rule is guaranteed to sustain them the rest of their lives.

[@chris_harvey]

​@as2223The Trinity Study the rule was based on extended to 50 year plus periods does show a 3.2% withdrawal rate as the "safe" rate. This would cover the worst 50 year period in history. Looking at averages doesn't properly account for sequence of return risks and long stretches of poor performance in the market early in retirement.

[@chris_harvey]

The 4% rule assumes you withdrawal that amount (adjusted for inflation) regardless of market performance. There are other strategies like guardrails that show 5+ % works with minor adjustments. The same applies for indefinite time periods. 3.2% is accurate if you use the Trinity Study technique of withdrawal, but that isn't optimal. Either way, people need to understand the options.

[@EDudleyMitchell]

So do these numbers double for couples?

[@HaroldSimmons-mf3ep]

Saving for retirement has become increasingly difficult due to low-paying jobs, rising inflation, and high rents, making it harder for workers to build a financial cushion. Even middle-class individuals are struggling to afford homes, leaving them without a secure place to retire.

[@parkermyer]

I’m 64 and have about $225k liquid in savings which I plan to put towards becoming a homeowner, but based on the current high prices on real estate, do you suggest I hold from buying and look at dividend paying stocks instead?

[@BKNb77]

How are you going to make mortgage payments if you retire? Maybe you could buy a duplex and rent out the other half.

[@donmountford797]

People who say you need 5 million to retire are just fear mongering. The average household only makes 80k per year, so to simply replace their current income would only need 2 million for the average American household. That doesn't count any pensions, social security, or other passive income. Very tired of "financial experts" like Susie Orman just trying to scare people

[@StaceySouth-e3v]

I’m worried about retirement planning and I want to ensure a comfortable future. I’ve worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I’m really concerned about whether I’ve saved enough and invested wisely.

[@bent4838]

I suggest people read 'Die with zero'

[@popcycleism]

House paid and all debt paid off before retirement. Anything you make is all you. $5m is a plus

[@Amberabove]

I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.

[@domingoferrari5889]

Id say $20 Million needed

[@BrianJenkins72]

Hello

[@OurRichJourney]

Hey Brian!!!

[@mikefallert1306]

I’m considering rebalancing my $900k portfolios, So I'm curious about the best strategies to sell and buy stocks for my portfolio to hedge against market downturns and generate profits. Is it still a good time to buy?

[@luxurybuzz3681]

$5 million is a really good number

[@peterharris6223]

hello, if the bank only guarantee $250k with FDIC where do you put the over surplus to protect your money?

[@whodey2112]

Multiple banks.

[@TravelingNP]

In investments not in savings

[@RandomDude19868]

Does the $5 million include the value of your home? I would agree that $5 million is not enough if you live in a $3 million mansion.

[@yvetteantonina6458]

Because of Our Rich Journey I opened a Charles Schwab Account I’m on my way!

[@donnyj9487]

Here is the thing, if you want to continue living with this paycheck to paycheck mindset throughout your entire life, then aim for 1 million or less. If you want to finally get to a point where you can spoil yourself and enjoy the fruits of your labor, aim for the "5 million" or whatever that higher number is. Retirement is suppose to be that deep sigh of joy moment, not the I have to continue the tight budget mindset.

[@rainetravels1410]

Carbon is out of touch with normal people 😅

[@OurRichJourney]

Right?!😂😂😂

[@charletfoster8917]

Thanks for saving my sanity!!!! 5 million is overkill, I invest consistently n I feel my retirement will be good🙏🏿😊😊😊

[@fdm2155]

Yes, $5M would generate $250K/yr at 5% return. I don't have anywhere near that coming in now. Why on EARTH would I need that when I retire? 😆😆

[@PolineChan]

Imagine telling that to the third world country that they need to save $5M for retirement. They will think that you are psycho.

[@Petrockpress]

Ugh I’ll be happy if i get to retire at all.

[@julsca3738]

Mr money mustache could totally debunk this. It’s also capitalism and marketing and consumerism.

[@JBoy340a]

But most people want a lifestyle full of consumerism, in a major city. And in their current country.

[@donnymac575]

How does one calculate their number to retire if they plan to retire before their passive income starts to come in? For example, let's say I want to retire at 60 and my only passive income (other than investments) is from social security, and I don't plan to collect social security until 70. How do you run the numbers in this situation?

[@OurRichJourney]

We actually did a free seminar on how to do that calculation a couple of months ago. There is a formula/calculation that you can use to determine the amount of money you need in an investment account when you are dealing with a finite period of time where you may need to access your investment account. It requires a detailed explanation. But maybe we can do a future video on it for people who didn’t get to attend the seminar! Anyone else interested in a future video on this? 😊

[@donnymac575]

@OurRichJourney Thank you!! I think this would be a great thing to do. If I use the straight 4 percent rule on the amount I need to have saved for 60 to 70, and assuming I need $50k a year ($500k) it equates to $12.5M. That's not going happen.

[@donnymac575]

@@OurRichJourney Yes, please do a YT video on this topic. Much appreciated!

[@templemoore3799]

Yes, would be very helpful 😊

[@laughoutmeow]

I want to do really degenerate things when I retire so I need 5 million

[@sirij8784]

As someone with over 10 milllion dollars this brings things back into perspective

[@stanleysalters1195]

Very good video im 42 no kids, never married. I put $ in my IRA bitcoin crypto im trying my best to save up $20000. I plan on retiring in Thailand r the Philippines when i turn 55 😊.

[@sweetescapegrande3112]

I don't listen to Grant Cardone (scammer)

[@OurRichJourney]

😂😂😂

[@irinazviagina9790]

Hi! I open your every video as soon as I got notification from KZbin just for one reason: want to know what is your next stop. Do you plan to open this secret someday?

[@OurRichJourney]

Aww! Thank you so much!!!! When we share a your of our house, we will talk more about our plans. But we need to finish everything with the house first before we share 🥰

[@rhondamcdonald8086]

😆😅❤🎉🎊🎈👏🏽🍾🙌🏽💖🎉👏🏽

[@912912patriot]

$5,000,000 is probably more than enough for over 90% of the people on the planet regardless of where you live and inflation. A $5,000,000 portfolio yielding an avg of 10% gives you $500k annually or about $41k a month. Yeah, its enough. In fact, youll probably outlive your money if you have this in your 60s and will be leaving your hard earned money to someone else. At the end of the day, its really about your expenses more than is $5,000,000 enough. Just my opinion as a non certified financial planner.

[@titodaybid8225]

Please talk more about asset allocation under a Trump administration. Retaliation fro China, Mexico, Canada and other likely causes of upset might make trouble for investors. Keep up the good works!

[@OurRichJourney]

Thanks for the video recommendation! We love to hear what are viewers want to see more of!!!❤️