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I have fantasized about this at times and number i settled on was $40M cash. hear me out ....
I figure i need about $5m to $10M, so $7.5M for a primary residence, sounds insane but Sydney is more expensive than most in the US can begin to imagine. That's gonna buy you nice place on the east coast but no mansion. Maybe another $2M for a vacation home, wherever the hell that is.
Let's assume you invest very conservatively and anticipate a return of 5%, so you need to shuffle away another $10M to earn $500K a year, which you will need as you are now rich, right?
So i've blown through $20M before so much as scratching my arse.
I'd "give" $2m to myself and to my mrs for no questions asked spending money. Then another $10M, $5M each, split between her family and mine. Again, sounds insane but median house price in Toronto is $1M, nearly double that in Sydney. Chuck a bit in for charities etc. and you're at $35M.
That leaves about $5M for shit i have surely forgotten.
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