Sorry in advance that this is really long winded. I have retirement plan that I've shared with several people though most poo-poo it. Let me know your thoughts. Information in advance, I'm married and we plan to have a couple kids, not more than three. I already have a pretty sizable 401K, a Roth IRA, and I have a share purchase plan through my company. I have not included these assets in my retirement scenario for conservancy. I'm also not going to use a draw down retirement plan. I will live off of only qualified dividends from investments. Required money in retirement: $4,500 per month Status: Mortgage and all cars paid off College Savings: $25,000 in the S&P 500 index for each kid by the time they are 8 years old (let it grow from there) Based on the required monthly needs, I need an income of $54,000 a year. My current stocks have an average dividend of 3%. If the yield continues, I'll need $1.8 million to provide the required $54,000. On top of that I'll need $75,000 for the kids. I can already see your question, what about taxes. As I'm planning to only have qualified dividends so the first $72,500 of taxable income will is taxed at 0%--at least that was the case in 2014. Also, I can see the question, what about health insurance. I have two answers, one is probably the moral option, the other is the freeloader answer. For the moral approach, I did a quick health insurance quote for a family of 5 with three kids less than 15 years old. I put an extremely high deductible ($10,000) so most will be out of pocket but we'll still be covered for catastrophic events. The monthly payment was $950 leaving me with $3,550 of disposable income per month--probably tight but my investments should grow over time as I'm not selling them to cover my living costs. The second option is the Affordable Care Act. As I mentioned before, my taxable income will be $0; thus, in all their wisdom, the government has given me a chance to qualify for ACA insurance at a lower than expected cost even though I'd be a millionaire. Things I've miss but hoping my conservancy will mitigate: inflation, tax changes, big ticket purchases, etc.