How much do you need to retire?

[Dawn Curry]

I get markets, lifestyles and goals differ.. but how much passive income do you need coming in to walk away from your full time job? We all are ambitious if we’re on BP.. so what are your goals? What is the line where you say “this is enough for me?”

[Derrick E.]

Originally posted by @Thomas S.:

To retire at a normal retirement age you need a income of around 70% of your gross employment income.

To retire younger your passive income will need to equal your working income and you will need to continue saving for retirement.  

You would need 10X your working income invested to generate sufficient income for retirement.

"I also buy all of my homes with cash so they cash flow even more."

Buying cash flow is not the same thing as investing to generate income. To efficiently use your money to generate income for retirement you must invest it. This will actually reduce the amount of money needed to retire.  Buying retirement income is not a efficient use of money, it will effectively double the amount of cash required to retire. 

I've tried ignoring you but you just keep at it. I don't give a crap what YOU THINK about my investment style. Goodness gracious you have to be one of the most pompous and self loathing people I have come across on this website. 

If you want to leverage all your properties then go right ahead. Stop trying to tell me how wrong you think I am for buying properties with cash. 

I buy cheap homes and cash flow extremely well. I don't care what you think about how I invest. Every situation is different. Most people can see/understand that. You live in some fantasy world where everyone else is wrong unless they are doing things the way Thomas does them.