Originally Posted by merlinextraligh

$675,000 rich? I've got news for you. If you have only accumulated $675,000 by the time you retire, you're going to live a very modest life in retirement.

General rule of thumb is you can draw down 4% of your portfolio a year, and have a shot at not outliving your money.

That means if you had $675,000 in investments, your income in retirement would be $27,000. Throw in $10,000 or so from social security, and you're living on less than $40,000 a year.

I don't think many people would call $40,000 a year to be very rich.