What amount of Networth & Passive Income is needed to comfortably retire in OC?

What amount of Networth and Passive Income is needed to comfortably retire in OC?

  • Less than $1,000,000 Networth : Less than $50,000 in Passive income

    Votes: 1 3.4%

  • 1,000,000 Networth : Passive Income $50,000

    Votes: 0 0.0%

  • 1,500,000 Networth : Passive Income $75,000

    Votes: 2 6.9%

  • $2,000,000 Networth : Passive Income $100,000

    Votes: 10 34.5%

  • $2,500,000 Networth : Passive Income $125,000

    Votes: 2 6.9%

  • $3,000,000 Networth : Passive Income $150,000

    Votes: 6 20.7%

  • $4,000,000 Networth : Passive Income $200,000

    Votes: 5 17.2%

  • $5,000,000 Networth : Passive income $250,000

    Votes: 2 6.9%

  • $6.8 Million or greater (Top 1% of American Wealth) : Passive income $340,000

    Votes: 1 3.4%
  • Total voters
    29
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Seems like the most popular vote is $2M networth with $100k. Keep in mind that a passive income of $100k can potentially be equivalent to $200k W2 income is which taxed at or close to 50%. This is the reason why I believe focusing on building your networth and passive income is more important than growing your W2 income.

How do you guys envision your retirement? Do you have goals to pay off your primary residence? Do you plan to retire from your stocks in your 401k, your business, or real estate? What does your end in mind look like today?
 
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