How much is enough to retire? Is a million dollars actually a lot of money?

How much is enough to retire? I want to know what most people think is enough...How much is enough for a full life for 12 vacations ayear around the world. For yachts,Bentlys, houses on the coast..etc etc.. How much is truly enough? Will 10million do it? I want to retire at 25 with 10 million but dont know if I can live that lifestyle or do I need more. Of course when I say retire I will still have mutual funds and stocks always going uuupp....Investments Investments How much is enough for a average person? How much is the average of what an average male in the usa retires with? I am 21 now and I want to live it up? I also give a lot to charity. www.savedarfur.org

Public Comments

1. It's enough for me.
2. it depends on what your plan is for when you retire, and how old you are.
3. One million is not enough to retire - it's only enough to make like a little bit easier. 10 million might be enough if you invest wisely and live cheaply until retirement.
4. since you are dreaming just stop at 100 million.that should do it.
5. it depends on ur life style.
6. Looks like you want it all. Well, the amount of actual cash will depend on how you have it invested. The key is to live off the dividends and interest and leave the principal alone, especially if you plan on retiring that early. You'll have to spread out your investments because over the long haul there are extreme dips in the market that will affect your dividend and interest income, and if that's all your living on, you'll need great diversity to overcome those. And don't forget that income tax on interest and dividends is higher than income tax on earned money. To live the way you seem to want to, you'll need a steady income of about $20k a month (after taxes) for island-hopping all year long, and a new Bently every year...