[autism_hurts]

I think a game changer cash position for most people is 2.5MM liquid -- not tied up in real estate.

5MM means you're flying business/first with your family anytime/anywhere. You may have a pied a terre somewhere.

10MM means you're angel investing, vacationing, and not generally "working" anymore.

15M++ means you bank with The Private Bank of Wells Fargo, have a ridiculous line of credit // no checking account, multiple properties, trust, etc.

[refurb]

$5M doesn't go that far anymore. If you're young and you have $5M, you could take 4-5% per year and make it last 40-50 years.

That's only $250,000 per year, pre tax. Good money, but certainly not enough to not have to think about money anymore.

[mikeyouse]

Your $5M liquid would be earning interest the entire time too. With that much money, it'd be 'easy' to make 4% - 5%/year, so you could live on $250k/year and never touch the principle.

[refurb]

That was my point. A good rule of thumb is that you can pull 3-4% out of a investment each year and you will never run out. Increase that to 4-5% and it should last your entire life.

Don't get me wrong, $250K per year pre-tax is a very comfortable lifestyle. However, it's not so much money that you can spend without thought.