Originally Posted by
madmax757
I see your logic pineapple. A captains house -, a vacation home, - even if paid off - a boat , 2 nice cars - maybe a classic car too. If you also wanted 2 vacations a year with your spouse probably need to draw 15K a month from the 401K. That’s 3.6 million in 20 years. The Viking cruise I looked at was 10K per person.
I spoke with the Schwab guy couple years ago and I’ll need $10K a month to live
comfortable with my current lifestyle and am planning my 401k accordingly. Just curious what other pilots think they need ?
3-4 million is in the ball park if you are projecting to retire within 20 years at 65. Assuming no sale of assets or other “passive” income, then thats about right.