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It all comes down to individual needs. If you know your expenses will be $50k/year, the 4% rule of thumb will say you need $1.25 million (25 times annual expenses. But that assumes you will not take from the principle and thus the retirement fund can last any length and in theory forever. And that leaves you with a pile of money for your heirs.

Along the same lines, you could generate a dividend portfolio that in time could throw off 5-6% (or more) and that could give room to cover inflation. So about 20 times $50k or $1 million. And again, as long as you're living off the dividends, can last forever.

Or, if you didn't care about leaving an inheritance, almost what ever you want to do.

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