Ok, so we are old and retired. Now what??

[fenders53]

(02-07-2022, 04:28 PM)ken-do-nim Wrote: I'm still shooting for $3,000,000 @ 5% yield = $150k per year.  Of course included in that 5% yield is a representation of annual 401k drawdown, so it's not all dividends.  Remember that thanks to inflation $150k in 10 years won't be as hot as it sounds now.

Inflation is transitory. 

Nothing wrong with your goal.  It's probably achievable if the market cooperates at all. And if it turns out you only hit $2.5K I think you will figure out how to have a happy life.  That was more my point above.  I realize Silicon Valley salaries are sky high but things can change and I can't imagine thinking I actually need $10-12M.

Just read an article today and supposedly 50% of boomers have next to no investment savings.  Net worth under $200K, and a SS pension.  Only about 1/3rd have employer pensions.  Scary stuff.