EddyB wrote: ↑Tue Jun 09, 2020 11:44 amYou and Tomato have pushed the Bogleheads brand of disdain for early retirement to a new extreme! The OP has enough money to go a long way toward supporting his current lifestyle and plans to continue to make probably twice as much as that....investingdad wrote: ↑Tue Jun 09, 2020 11:14 amI suspect there is a misconception about what type of lifestyle one can afford when trying to make $3 million pay for 45 years of retirement.researcher wrote: ↑Tue Jun 09, 2020 10:33 amSeriously???
A "multimillionaire type situation" is EXACTLY what the OP is in!!!
I get it. You want to hoard your money for some undefined purpose and some undefined time period (that may never come).
The OP is a multimillionaire. They want to get some enjoyment out of it now, rather than being buried with it.
I see absolutely no problem with the OP's plans.
I haven't seen you explain what exactly you think the problem is, or what the OP should be doing with this money.
Should he just continue to watch it accumulate, while being scared to do anything with it?
I'm commenting from a position of familiarity; and I just watched high 6 figures disappear from our portfolio over the course of 2 weeks (though it has quickly recovered). That can happen again. And next time maybe not a quick recovery.
It's not my job to tell the OP what he should spend his money on. My point was that blowing 6.5% of his $3 million portfolio on a car when said portfolio just gyrated through a 20% decline, and he's using a 4% withdrawal assumption to cover 120k expenses with no mention of taxes....well, I hope it all works out ok.
Lots of people had it figured out in 2000, and then again in 2007 when they dropped 6x household income on a home mortgage.
I declined to participate in that foolishness and it served us well.