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Discussion Starter #1 (Edited)
With the Powerball Jackpot nearing $350,000,000+, how much would it take to make you completely retire. For the lifestyle I lead now, I would say $18,000,000, for the lifestyle I would like to have when I retire, it would be around $45,000,000 for my toys:
Mansion in Scottsdale- $1,200,000
Ranch in Montana- $4,000,000
Waterfront Home in Miami- $2,000,000
CARS
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Cadillac Escalade EXT- $60,000
Cadillac XLR V- $100,000
Hummer H1 Alpha- $140,000
Hummer H2- $60,000
Hummer H3- $40,000
Land Rover Range Rover- $90,000
Chevrolet Corvette ZO6- $80,000
Ford Mustang GT- $30,000
Rolls Royce Phanton- $350,000
Maybach 62- $300,000
Ferrari F430- $190,000
Ford GT- $160,000
Lamborghini Murcielago- $350,000
Aston Martin V12 Vanquish- $150,000
Porsche Carrera GT- $450,000
Porshce 911- $80,000
Porshce Boxster S- $70,000
Mercedes Benz SLR- $450,000
...and then put the rest into the bank:cookoo: ! How much for you guys to retire?
 

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I plan to have enough money in the pot to retire in about 6-8 years time. To retire right now, i wouldnt need all that much, i have what i want, and many things i dont need or never use, for example my Escalade ESV, cost me a fortune, i use it very rarely and am getting rid in favour of a used Bentley.

When i retire i will buy a home abroad, and keep both my home here and my holiday place in the Scottish highglands. Currently in the running are: Canada, South France, Greece, Switzerland and Florida. Depending on the place, a couple of (current for the time) DTS' or MB S500s will be bought with the house, also a driver will be hired to chauffer me.

When i finally do giv eup the day job, i will buy an ASton MArtin DB7, that is a dead cert, and my wife and I have been in agreement on this from 1999. Among many others a 1996 Bentley Turbo R.
 

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I forgot what the figure was....I think it was 5 mil for a typical couple thats wants to retire 'normally' in about 35 years from now......its thoughts like this that make me divert money into ING Direct instead of paying off a GMAC car loan....
 

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For me it would probably take about 20 million.

Mansion on South coast : 2,000,000
House in Hometown 300,000
Mansion on West Coast 2,000,000
DTS: 60,000
CTS-V 54,000
Used Cars and trucks: 100,000
Mother's House :300,000
Father's House: 300,000
Kids college education at least: 100,000 x2
Real Estate / Business purchases: 2,000,000

With the other 13,686,000 in the bank, I can live off my Real Estate / Business purchases and interest. Probably would still go to work too. Only difference would be that I might own the company now. :D
 

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Discussion Starter #6
With the other 13,686,000 in the bank, I can live off my Real Estate / Business purchases and interest. Probably would still go to work too. Only difference would be that I might own the company now.
Thats what I DO for a living, if you win the lottery (or any sum of money), I'll bet your partner :D!
 

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Oh, since i own my own business, i will still be working after retirement, there si no doubt in that, i havent worked for this for it to die when i retire, as it stands, the business is worth a princely sum. Plus i have ownership of three BMWs used by my employees and then there is the building we use, which is a substantial amount of City Centre offices, rights to designs (so every time a housebuilder uses one of our layouts, we are paid a decent amount of money)

It all adds up, i think currently in the retirement fund we have about £850k (UK) and it will have risen above the £1m mark before i retire. Plus a have the "current" money that is from projects i am working on at the moment, this pays my staff, maintainence on myhomes, office, cars etc. AND adds to the retirememnt fund.
 

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"Just a little bit more......." :rolleyes:
 

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hmmm, that is a good question. i get bored way to easily and when i do, i spend money so i would probably work part time. what would i do with my money is different. buy alot of cars so i could show them off at work. work would actually be fun cause i dont have to worry about getting fired for any stupid reason (that is how it is here). so a good 50 million. buy a nice house, a few nice cars, then donate some to my church, then put the rest in the bank and let it draw interest. of course send my kids (if i ever have any) to college.
 

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For me, 2 million in the bank, in C.D.s for security. 2 Mil @ the current 4% interest = $ 80,000 a yr. to live on. Small house, nothing ostentatious, 4 bedrooms, 2 baths, great room, eat in kitchen & nice basement. 100 x 100 lot. All the amenities. 5 car garage. My '93 Sixty Special Stays, add a Corvette Convertible (new in White) and my wife wants an Avanti II.
 

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Sandy said:
For me, 2 million in the bank, in C.D.s for security. 2 Mil @ the current 4% interest = $ 80,000 a yr. to live on. Small house, nothing ostentatious, 4 bedrooms, 2 baths, great room, eat in kitchen & nice basement. 100 x 100 lot. All the amenities. 5 car garage. My '93 Sixty Special Stays, add a Corvette Convertible (new in White) and my wife wants an Avanti II.
Nice choice, Avanti II? Studebaker?

See, apparently i have what most people would want as a retirement home. It just has too many stairs for those geezers ;)

To be honest i could live for three to five years on one years salary for me, so i suppose i dont need to fund retirement.

If anything i will downsize my house when I retire, i have two spare bedrooms as it stands, and more bathrooms than people, of course, this is my family home, and i cant really consider selling it, i would like to think it will remain in the family.
 

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SpeedyArizona said:
Thats what I DO for a living, if you win the lottery (or any sum of money), I'll bet your partner :D!
Hmmm good deal. Any tips for a novice??
 

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Discussion Starter #14
Hmmm good deal. Any tips for a novice??
I could go on and on, but mainly location, location, location! I would rather have the worst built home in the best location rather than a great mansion is a horrible location.

Also, don't over-invest, make sure you don't sink ALL of your money in a project and then get stuck with bills you can't afford to pay.
 

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It just has too many stairs for those geezers....

STOP IT ! I RESEMBLE THAT REMARK / (ERROR) I MEANT TO SAY I RESENT THAT REMARK !
 

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SpeedyArizona said:
I could go on and on, but mainly location, location, location! I would rather have the worst built home in the best location rather than a great mansion is a horrible location.
Also, don't over-invest, make sure you don't sink ALL of your money in a project and then get stuck with bills you can't afford to pay.
I agree on both, i was taught about project spending, dont put mor ein than its worth, and location, in 1992 a bought a small bungalo, made of wood, raedy to collapse. The two things about the plot were a) it had a stunning view over Washington (UK) and secondly, it was on a plot big enough for three houses :D

SO i demolished the bungalow, built three homes on the spot of land, and sold them for 11 times what i paid for the initial house.
 

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Sandy said:
It just has too many stairs for those geezers....
STOP IT ! I RESEMBLE THAT REMARK / (ERROR) I MEANT TO SAY I RESENT THAT REMARK !
LOL you arent old enough to be a geezer Sandy!!

Hell, i aint that far behind you
 

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Geese Geese Geese

Mccombie, why don't you bring Claire & the offspring(s) to New York Shity for the big annual lighting of the Christmas tree (done on Japanese owned land), se a couple shows, and get together with some of the local guys herein and stay at Mr. Trump's "inn" and have a little vacation ! You could come see my house (and laugh at it) and stare at my cars in wondermint !

Sorry, Chanukkah will be over by Christmas, but if you will make the journey my wife will leave her Chanukkah Bush up for you to see !
 

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Sandy said:
Geese Geese Geese
Are you sure that's not *Wheeze Wheeze Wheeze* ? Just askin...
 
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