[Uncle Miltie]

Common advice in retirement is to spend no more than 4% of your assets annually. So a millionaire can only spend $40,000 per year. Does that feel “rich”?

[Uncle Miltie]

A $20 gold coin goes for around $1,200 in current paper money.

Where did the other $1,180 go?

The gubmint stole it with inflation.

[SamAdams76]

Exactly. I'm one of those so-called "401k millionaires" and while it looks nice on paper, the 4% rule will make my retirement income look rather modest - not exactly one that will make that millionaire in that Monopoly game I grew up with.

[ansel12]

How many millionaires have 1 million dollars in total assets and no more, and nothing more coming in, no income, no SS, no nothing?

[PAR35]

Common advice in retirement is to spend no more than 4% of your assets annually. So a millionaire can only spend $40,000 per year. Does that feel “rich”?

Don't forget the $24-30,000 a year (gross from social security. So while you won't feel rich, you can maintain a middle class lifestyle if you've paid off your mortgage and don't need a new car every 4 years.