[throw0101a]

> You don't have freedom if you don't have a lot of money and you can't be 100% happy without freedom, at least in my experience, though I know opinions vary here.

The amount of money one 'needs' depends on a lot of things, like cost of living in the area you happen to be in. While US$ 2.5M may not seem like a lot in the US, one can live like a king in may other areas.

One doesn't even need to live in one particular place: people cruise around the world, often spending less than US$ 40K per year in total expenses if you don't get too fancy:

* https://www.instagram.com/sailinguma/

* https://www.youtube.com/sailinguma

Your nest egg would allow for several decades at that burn rate.

[pc86]

$2.5 million is enough for a six-figure salary in retirement, without touching the principle. Assuming there is post-tax money in there, you're going to have a much lower effective tax rate than you did while working. And if you're retired you probably have much lower expenses than you did before (most retired folks aren't making a big mortgage payment even if they're young).

Unless you want to live an extravagant lifestyle (nothing wrong with that) $2.5 million is more than enough to retire in all but the most expensive US cities. And let's remember this is liquid, so real estate doesn't really count in that. One or two properties you're not living in could easily float that extravagant lifestyle for years.

[WJW]

2.5m at 3% SWR (https://www.investopedia.com/terms/s/safe-withdrawal-rate-sw...) would generate 75k per year thus resulting in a negative burn rate and last for infinite time (or at least until society no longer uses financial instruments). At the very least, it'd last much longer than "several" decades.

[mastax]

Never thought I'd see Sailing Uma on HN. That's the dream, just waiting for starlink to have more coverage.

[throw0101a]

See also SV Delos (with their 'giant' satellite dish), Sailing Ruby Rose, Sailing Ran, and the Wynns. (La vagabond has become too lifestyle-y for me; liked their earlier stuff on the Beneteau.)