[drchiu]

Pretty much this. It’s a rough trek and requires a lot of saving. And even once you get there, you don’t feel rich — not with a few kids and more expenses. Having said that, I estimate around 30k passive per month should do it if you have a family and are living in a major city.

[a_cactus]

360K in passive income a year?

[ianai]

Pretty sure, but not 100%, that I could just maybe scrape on 360k/yr. /s

[jkmcf]

*Before taxes?

[discoursism]

That's still 180k a year post-tax. That's still enough to fund an absolutely lavish lifestyle, even in the highest cost of living locations. It's not MTV Cribs rich, but it'll still put you in the 95%ile in Manhattan, to say nothing of more reasonable locales.

[dgacmu]

It's probably more than that if you've structured your passive income such that decent chunks of it are long-term capital gains at 20% federal.