Help me understand your logic because I’m making assumptions here. I’m just picking one of your examples but how could you not afford to retire and have a family with a nest egg of 5 million?
My logic says 5 million invested in low cost index funds and following the 4% rule gives me about a $200,000 annual salary. I’ve earned that salary before and it gave me over 10k in monthly cash which paid for my city apartment, brand new car, and I had plenty of money to travel, eat out, and support a partner and still enough to invest and fill up my 401k. I’d have even more money left over not investing. I get kids are expensive but plenty of people live off less than that and have decent family lives. So maybe I’m just being ignorant somewhere in my thoughts process.
Ah, that will do it then! Probably something I’d recommend against if anyone ever found themselves with 5mil.