What is your Retirement Cash Flow Number?
Hello BP - I've been thinking quite a bit about the amount of monthly cash flow I'll need to quit the rat race and provide a comfortable life for my family. Here's very broadly what I'm thinking:
Gross Monthly Cash Flow - $10,000
After Tax Cash Flow - $8,500
Housing Allowance - $2,000
Health Insurance - $1,000
Regular Expenses - $3,000
Cushion for personal emergencies, rental catastrophes or reinvestment - $2,500
So far, our 13 units brings us about 1/3 of the way there. I'm sure we could live on much less, but who wants to "retire" early and just get by?
What is your Retirement Cash Flow Number, and who has already pulled the trigger? What have been the biggest surprises or challenges?