Top 10% of assets? This [1] suggests that $1,180,000 would put you in the top 10% in the US, which if you're living off (and in) it won't stretch that far. If

Top 10% of assets? This [1] suggests that $1,180,000 would put you in the top 10% in the US, which if you're living off (and in) it won't stretch that far. If top 10% of income earners, that's quite a movable feast. If I have $1,000,000 in shares earning 10% and taking all as income, am I rich, if I've got $10,000,000 in less risky investments, and after reinvesting to account for inflation, earning 1% the same amount of rich? One advantage of taking an income from assets is that you can choose how and when. I suspect the latter approach notionally invested in some prudent fashion would give a figure comparable to a wage, I misses out on some big differences though, no having to work, worry about getting sick, having the money there if you need is a major psychological boost, and if you want to buy a house, you can, plus you can pass on assets, which you can't do with a job. [1] https://dqydj.com/net-worth-percentile-calculator-united-states/ https://dqydj.com/net-worth-percentile-calculator-united-sta...