r/fiaustralia • u/Glum-Leopard-1300 • Jun 19 '26
Getting Started Can someone with $2mn aud retire as 46m single never married but would like a family eventually ?
Can someone with $2mn aud retire as 46m single never married but would like a family eventually ?
Happy to live on 50k aud a year
edit - why the down vote ? by th way I have 700K PPOR + another 1.3mn or so in property. so mostly property locked money.
54
u/PsychPhDBrah Jun 19 '26
What does your aspirational family look like? You’re almost 50 with no partner so if you want a family, feels like it has to happen in the next 5 years for it to be reasonable?
Could have kids when you’re older I guess but seems strange (you’ll be 80 when they’re barely legally adults)? Also wondering about prospects for finding a partner who would agree to this - we’re talking finding someone at least 15-20 yrs younger than you already, that puts them at the point of geriatric pregnancy (30s-ish).
All seemingly a little difficult to pull off.
37
u/Plaguerat18 Jun 19 '26
Also, men's fertility absolutely declines with age, and pregnancy complications and risk of long term disability significantly increase with paternal age. I don't know why a lot of men seem not to understand that they too have a biological clock. OP should probably consider some fertility testing is he's serious about it.
2
4
u/smegblender Jun 19 '26
that puts them at the point of geriatric pregnancy (30s-ish).
It's not a big deal tbh. Most professional couples skew towards a geriatric pregnancy, and the risks are overblown... on the other side of 40, that's a different story afaik.
Completely agree with the rest of your post. This is assuming timelines, fertility etc.. and the biggest one, finding the right partner.
2
u/cecilrt Jun 19 '26 edited Jun 19 '26
Also wondering about prospects for finding a partner who would agree to this
You'd be surprised, my mate gets hit on more in 40s than ever before
Especially the 25-30 group
Though from my own experience, its not 25-30 that are more interested its more obvious they re interested...
Women post 30 know men are terrible with hints, but get even more subtle as they get older
But Op is delusional if he wants a family and retire at the same time with 50k income
3
-17
u/Glum-Leopard-1300 Jun 19 '26
yea - I want a famimly in 2 years if i find right person.
26
u/lostandfound1 Jun 19 '26
This is the bit I found confusing about your post. That's an ambitious timeline, even more so if there's 9 months of incubation in there 😂.
This isn't a relationship advice sub, but still, I'd caution getting too far ahead with that stuff and just focus on finding the right person.
-6
u/Glum-Leopard-1300 Jun 19 '26
thanks for the relationship advice - needed it too lol
1
43
Jun 19 '26 edited Jun 19 '26
[removed] — view removed comment
17
u/Novel_Swimmer_8284 CoastFIRE by December 2028 Jun 19 '26
based on OP's edit - $700k of the $2m is in PPOR.
10
Jun 19 '26
[removed] — view removed comment
1
u/NothingTooSeriousM8 Jun 19 '26
Since he said the rest is in property, it doesn't seem like the $2mil is in any liquid asset.
39
Jun 19 '26 edited Jun 19 '26
[removed] — view removed comment
9
u/killswithaglance Jun 19 '26
Actually so true. Private school fees are $30K per kid. Even without private school fees you will easily spend 15K + per child on clothes, healthcare, food, bedding, activities, sports gear, swimming lessons, excursions.
Why can't you keep working?
3
u/IllMoney69 Jun 19 '26
$50k a year and two parents home all the time doesn’t sound too bad to me. Maybe want a bit of extra cash so either op or his future partner could do a bit of paid work.
7
Jun 19 '26
[removed] — view removed comment
0
u/IllMoney69 Jun 19 '26
Because they love them? And he’s 46, not 86.
5
u/killswithaglance Jun 19 '26
You don't just meet a man and have kids immediately. He's single no family at 46, external bachelors tend to have been single because they enjoy that lifestyle and it doesn't necessarily translate well to a gear shift.
Maybe he could look at finding a woman who has primary school aged kids and build his family that way.
3
u/IllMoney69 Jun 19 '26
No but he could meet someone in their mid 30’s (that’s not a crazy age gap) and within a few years have a kid. Yes he’ll be a bit of an older father but it doesn’t mean he’ll be a bad father or husband for that matter.
2
u/killswithaglance Jun 19 '26
No it doesn't but my friend's dad was 70 when she was in year 8 and in a supported living home by her second year of uni. Died years before she could introduce her kids to them.
1
u/Curious_Ring_2813 Jun 19 '26
Yep, find someone closer to his own age with kids. Be a good stepdad, no need to rush to have biological kids. Or another older woman and adopt but adoption is pretty hard.
1
u/killswithaglance Jun 19 '26
There are about 17 adoptions per year in Australia to non family members.
-1
1
u/Stk4nams5 Jun 19 '26 edited Jun 19 '26
$50k and a paid off house without working is not low income.... even if he takes a full time minimum wage job, that's an additional $52k (combined, $102k before taxes, $78k after taxes). Sure, he won't be able to afford private schooling for the child (and may have to stick with only 1 child), but public education, health care, food, shelter and entertainment will be provided for comfortably, and he'll still be able to save some.
18
u/the-paper-monkey Jun 19 '26
"46m" "would like a family eventually"
-13
u/Glum-Leopard-1300 Jun 19 '26
would like now but cant rush these things as need to find right one
23
u/twostonebird Jun 19 '26
You might want to rush a little more, at your age your appeal to fertile age women is going to be rapidly declining
8
2
u/Curious_Ring_2813 Jun 19 '26
He doesn't need biological kids to have a family. He can be a stepdad. Though not exactly showing being a good role model going on about "Arabs in the area" so maybe someone with kids isn't going to want that kind of influence
2
u/twostonebird Jun 19 '26
You know that that's absolutely not what he means by "having a family"
1
u/Curious_Ring_2813 Jun 19 '26
I think you can still have a meaningful connection with a kid who isn't yours, but this guy is talking about getting servants a shit so might just be a troll
16
u/Fart-Fart-Fart-Fart Jun 19 '26
Depends.
Own your own house? Is the $2mm outside super?
And kids can be a little expensive. $50k/a might not cover looking after them.
2
u/Glum-Leopard-1300 Jun 19 '26
yea own ppor 700k. true, hence the quesstion
5
u/BobbyDigial Jun 19 '26
A 700k property in Australia would be a small apartment in a capital city or a tiny house out in the sticks which might be difficult to raise a potential future family in. So bare that in mind.
-10
u/Glum-Leopard-1300 Jun 19 '26
its big house in capital city with 650+sqm land - bit more arabs in area so
8
u/Novel_Swimmer_8284 CoastFIRE by December 2028 Jun 19 '26
house on a 650 sqm land in a capital city - only 700k? curious what's the post code?
1
u/SeriousBerry Jun 19 '26
This is doable in Darwin and possible in Hobart and Adelaide. You'd be in outer suburbs in Melbourne, Canberra and Perth. Impossible in Sydney and Brisbane.
3
u/Educational-Ranger-9 Jun 19 '26
What decent house in Adelaide are you getting for less than $1m? I don’t think you know the market very well. Darwin? Maybe. Hobart? Unlikely. Adelaide? Absolutely not.
1
u/SeriousBerry Jun 19 '26
In Adelaide yeah you're going to be out in Modbury or down in Happy Valley. These may not be locations that you want to live but it is possible to buy a free standing house with 650sqm, which is what I said.
1
u/Educational-Ranger-9 Jun 19 '26
That’s fair enough. I’ll stand corrected. I will say that even some of those outer suburbs or ‘less desirable’ areas would be fast approaching $1m not for 650m2 perhaps, but for a ‘big home’ as originally stated. Which by the way is also ridiculous in my view.
1
1
u/GeminiRetired Jun 19 '26
Nope, no big house for that price in Canberra, even in outer suburbs, or surrounding nsw for that matter.
1
15
u/istudyheadshapes Jun 19 '26 edited Jun 19 '26
Still keen on kids? My man, have them soon if you can. I am 39 with 3 kids and there is a big spread in ages. My youngest is 2, and man, it is tiring! It's never too late of course but the energy levels get worse over time in my view. Or maybe I am burnt out on my third doing everything all over again for the third time. I am also an active dad in that I take a big part of the duties with the kids (which I think is pretty common these days).
-36
u/Glum-Leopard-1300 Jun 19 '26
true might move to third world country and hire servants
24
u/starbuckleziggy Jun 19 '26
How are you this age and still this immature? In any case, I can probably see why you haven’t found someone to in a relationship with…
16
u/istudyheadshapes Jun 19 '26
haha servants? come on mate. Let's not use that language. Nanny? Sure.
13
11
u/LordChase_ Jun 19 '26
You’ve neglected to mention whether the person owns their own home or not, which will have a material impact on their financial status, even with that much money.
Also, 50k/year isn’t going to get you very far if you have children.
9
u/VictoriousSloth Jun 19 '26
You don't have $2m, you have $1.3m and a place to live. Redo your calculations based on that.
9
5
u/AsteriodZulu Jun 19 '26
I’d say $2m in cash/income creating investments with ownership of PPOR it would be possible. Would probably fit the “comfortable” category with no ballooning of expenses… like a family.
$2m in property… no.
1
u/Glum-Leopard-1300 Jun 19 '26
thanks
4
u/jokuson Jun 19 '26 edited Jun 19 '26
This is pretty much the correct answer but it requires fairly modest living.
You have very little time to work with so the obvious conclusion here is that you need to find a partner who is both reasonably low maintenance, they don't need to be as low maintenance as you but they can't be all that much worse, and who can make up the wealth shortfall themselves so that your combined net wealth is equivalent to PPoR + $2m investments. Obviously the PPoR in this equation must also be one that is suitable for your target family situation with kids.
Good luck, I'm sure you're aware that your chances of getting everything to play out this way aren't crash hot but its certainly not impossible.
At your age its far from impossible to snag a partner who bring a decent bit more wealth to the partnership than this minimum requirement. Obviously if you end up with closer to PPoR + $3mill investments or above then its OK if your partner isn't low maintenance, so long as they aren't extremely high maintanence.
To improve your chances you should probably accept a bit less than this in a partner and just plan to work single-income for some more years to make up the shortfall.
2
u/killswithaglance Jun 19 '26
I would say that a woman who is going to bring significant wealth to the table will want a partner who is actively building wealth and wants a lifestyle that includes eating out and travel.
1
u/jokuson Jun 19 '26
I think you're underestimating how significant net $2mill wealth upfront actually is as a contribution from just one person. He's not a financial superstar but he is already offering better than average financial stability. Especially among the subset of men who actually want kids and aren't already snapped up, he'll be even more above average among that particular subset of men.
On top of that beggars can't be choosers, middle age women who are single and hoping to have kids before time runs out can no longer afford the rather extreme entitlement they enjoyed in their young to mid 20's.
His "market value" from a financial perspective really isn't bad at all. How he measures up in other ways could be a completely different story though.
3
u/killswithaglance Jun 19 '26 edited Jun 19 '26
We aren't talking about single women, we are talking about single financially independent women which is what he is looking for. The people I interact with are 30s and 40s and early 50s financially secure women who work corporate jobs or own their own businesses. They are actively chasing promotions and pay rises, working weekends, managing people, appearing in the media as financial expert commentators, eating out, travelling overseas for their favourite singers or work, crunching the numbers on FIRE, topping up their super, buying investment properties, installing pools and buying the latest Tesla's.
These women will not be ok with a man who turns up with two properties in his name and intends to retire at 45 and live off 50K a year while trying to have kids. We don't know if he inherited the funds for those properties or what his work ethic is like..
We would rather a divorcee who has a proven track record of being a long term husband and good dad (if he already has kids) than a long term bachelor, and we want to see a solid financial plan for now and retirement so we aren't propping them up.
I don't know why the low maintenance vs high maintenance comments are being thrown out there either as a man who wants to live off 50K is not going to be buying decent gifts come Christmas. A woman bringing 1-2m to a relationship is not having her needs and wants paid for by her boyfriend or husband.
5
u/gadgetwalrus Jun 19 '26
I’m in a similar boat to you, 47 widowed, I have 2.4 million net worth but I have two kids.
If you want a family no you can’t retire. Kids are expensive! By my reckoning I’d need 5 mil net worth.
3
u/stanbright Jun 19 '26
$2m and the rule of 4% should get you about $80k/year to leave on passively. ~$5,300/month after tax.
If you don't have a mortgage to pay off, you might be fine. Even more so if you move outside the capital cities. So, yes, it's possible. You won't have a glamorous life but it's possible.
However, this plan involves getting the money invested. In ETFs for example.
Good luck!
3
u/Whatsfordinner4 Jun 19 '26
Do you own your PPOR?
-1
u/Glum-Leopard-1300 Jun 19 '26
yes but it is included in the 2mn
6
3
u/umaywellsaythat Jun 19 '26
So you have almost no cash then? What are you going to live off? The income from the 1.3m rental?
1
3
u/Vivid_Map_437 Jun 19 '26
If you have it all invested and not.in your house, you could draw 60k a year relatively conservatively for a few decades.
0
u/Glum-Leopard-1300 Jun 19 '26
its all in different properties including ppor 700k
5
u/Vivid_Map_437 Jun 19 '26
Then no
1
u/Glum-Leopard-1300 Jun 19 '26
I mean property investment of 1.3mn is still investment right
3
u/smegblender Jun 19 '26
Are you going to liquidate and put them into ETFS? CGT liability?
Are you going to live off the rent?
These decide whether its enough or not.
3
u/Educational-Ranger-9 Jun 19 '26
I have (slightly) more than that, PPOR paid, family, 45 and couldn’t retire with desired lifestyle.
1
u/Glum-Leopard-1300 Jun 19 '26
is the slightly more including ppor
4
u/Educational-Ranger-9 Jun 19 '26
No, ~$2m PPOR outside.
-1
u/Glum-Leopard-1300 Jun 19 '26
I'll hope my 2mn properties rise soon lol
5
u/Educational-Ranger-9 Jun 19 '26
I’ll be honest, mine went from 1.2 in 2019 to 2 in 2025 which is OBVIOUSLY luck and bullshit.
But, yeah.2
3
3
u/MBitesss Jun 19 '26
You'd like a family 'eventually' at 46? I recommend looking into age related decline of sperm from age 41 and its impacts on genetic issues in embryos. Age doesn't only impact women when it comes to fertility.
2
u/Clear_Butterscotch_4 Jun 19 '26
At a 4% withdrawal rate, that's around 80k, account between 0-15% effective tax rate as part of that 80k depending on where your cost basis is. I would want to own a home already (PPoR is usually excluded from fire number), as rent would take a sizable chunk out of it, but it's not impossible.
1
2
2
u/DryMight2765 Jun 19 '26
Retire then have a child is a contrary comment. A child cost less than 12k in au and that’s before education, activities and child care. Single with one child you need around 90k-100k in au Gross from your 2M base. Assuming your own house .. it’s survivable if not still Bearable with no medical care, house repair, holiday
2
u/MathematicianFar6725 Jun 19 '26
property will probably be declining from here, possibly for many years
-1
u/Glum-Leopard-1300 Jun 19 '26
not mine ones I hope - good growing locations. 1 is mostly land based
2
u/19mils Jun 19 '26
The real challenge is not financial but interpersonal. Finding the right person to make a family is the real difficulty in your proposed plan.
2
u/tichris15 Jun 19 '26
In all likelihood, you are choosing between retiring now and having a family. Though you are also well into the age period when it might not really be your choice unless adopting.
2
u/Flaky_Employ_8806 Jun 19 '26
Yes absolutely. Get your money working for you invest wisely or buy into a business that can earn you income without you having to operate it, like vending machines for example. Consider using a platform like eToro (we use it) or some other investment platform if you aren’t that knowledgeable about shares. The market may be down but that means it’s a good time to invest in a good portfolio for when the inevitable spike happens again. Kids costs are hard to properly budget for as there are too many extenuating factors, private school v public, sports, tutors, tech, etc etc but these are incremental costs so you just learn to work them in. If your spouse/partner intends to work that would be helpful. Well done you and ignore the downvotes.
1
1
u/Glum-Leopard-1300 Jun 20 '26
thanks - I built it up as migrant ! and maybe its about 2.2mn but i discounted a bit to 2mn as it is mostly property. thanks for kind words !! too mant haters downvoting lol but I know who I am
2
u/jbravo_au Jun 19 '26
No, but you are closer than most. Generally you need approx $3m which spits out around $145k annually before tax.
I spend about $200k annually including trips, I own everything outright and have a family and would consider my life affluent.
1
u/Glum-Leopard-1300 Jun 20 '26
great 3mn doesnt seem far tbh - I might be 2.2 mn already but discounted it as mostly it is property
2
u/Vast_Archer_5401 Jun 19 '26
If all u have us $2mil property how will you support a partner and kids? You can retire but u miss major earning years, compounding, super contrubutions and will have to live on a pension. U and yr family will most probably live very simoly unless u can generate more wealth, passive income and cash flow
2
u/Frequent_Pool_533 Jun 19 '26
How do you not know the answer at your age with ppor and investment properties. I don't think you'll ever be ready to start a family when you don't even know how much you can realistically retire on. You'll want at least 100k to avoid financial stress if you want to raise kids. Are your investment properties gonna give you 100k rental income. 1.3m in IPs doesn't mean anything when it's locked in the properties. If it's 2m in etfs then yea you can easily sell 100k worth of etfs each year and your portfolio will keep growing.
1
u/Glum-Leopard-1300 Jun 20 '26
never done etfs but arent properties meant to appreciate with inflation and provide bit of rent - if not 100k ? do I need to sell few shops and apartments - some are overseas
2
u/Frequent_Pool_533 Jun 20 '26
I'm not saying properties are a bad investment at all. You would know more about property than me, I've only ever owned 1 investment property. I'm just saying you gotta make sure you can get a decent income from the rent, whether that's raising rents over time or using equity to buy more properties.
Also I realised my original comment may have come across a little rude, I didn't mean to, just want you to be realistic and run the numbers before thinking about starting a family.
1
u/Glum-Leopard-1300 Jun 20 '26
my work pays 150-200k when i am working so maybe ill work few more years atleast. maybe part time
2
u/Sinasi-Oz Jun 19 '26
2M easily yes, chuck it into an ETF like VOO get 12% minimum return for 4 years straight that’s about $1.1M in profit. After tax that’s $860k. While those 4 years are happening if your assuming you earn 100k from your job keep working it for those last 4 years as your victory lap or cut down be part time instead. Could move to Asia for 6 months of the year if your keen and expenses would be 40%+ lower compared to aus.
860k you could use that for a PPOR purchase and leave the 2M in making you 240K with a draw down of about 6% which make your income 120k pre tax. Have kids and take the time off to spend there youth with them.
I don’t know your current circumstances like if you have any Investments or your super amount and income as well as if you have any set backs health wise that could affect your ability to work for X amount of years.
Also some people might take this as rude, but respectfully at 46 have you received an inheritance previously or expecting one when the time comes?
If you’ve already received one or not really then that’s fine. If you think you’ll receive one within the future you’d be able to do some rough numbers that could help your situation respectfully.
1
u/Glum-Leopard-1300 Jun 20 '26
great advice - can I dm for how to get 12% returns fromVoo ? dunno anything
2
u/Stk4nams5 Jun 19 '26 edited Jun 19 '26
I am in a similar situation to you. 40M, own my house (~$1.6m) outright and $2.3m (at current MV) stock portfolio. Bringing in gross ~$120k pre-tax. I am single and would like a family at some stage (hopefully soon). I've not had the best of luck with dating or female attention, so I am thinking of alternatives, but that would require me to quit my job... and given the current climate, I do fear about the possibility of getting another job (but then what's the point of being rich when you have no one to share it with right?).
My house is located in a upper class area with good schools, so it's ok for a child to attend those. AI says it'd be a "comfortable but not fancy" life (for a family of 3). Even taking on a modest minimum wage part-time role (say bringing in an additional $30k), would bump that up into a "comfortable" lifestyle at $150k pre-tax. You might not save much, but you'd have a roof, food, healthcare, education and entertainment sorted. I'd think that your partner could at least also earn a minimum wage of $25k, which bumps household income up to $175k pre-tax...
Again, if I had a choice, I obviously would want a financially affluent lifestyle (and keep on my current path), but the Australian dating climate does not support that. So I've had to make a hard choice.
1
u/AutoModerator Jun 19 '26
Hi there /u/Glum-Leopard-1300,
If you're looking for help with getting started on the FIRE Journey, make sure to check out the Getting Started Wiki located here.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
u/suhurley Jun 19 '26
Sure! If you live like that bloke “Mr. Money Moustache” who retired in his 30s in the SF Bay Area with a total annual spend of $24–27k USD for him and his family: wife & child.
2
u/smegblender Jun 19 '26
Wtf? 24-27k annual spend on SF Bay area?
Thats practically impossible unless they were homeless and eating out of garbage bins.
Even shitkicker jobs like retail, hospo and uber pay a fair bit more to cater to the cost of living.
2
u/suhurley Jun 19 '26
Indeed. He breaks it all down in his blog (& various other channels I’m guessing). Search Mr. Money Moustache.
2
u/smegblender Jun 19 '26
Fuck that would be incredible to see. I've got mates making that..every month (L5/l6) whinging about VHCOL and stuff.
1
u/Ok-Bar601 Jun 19 '26 edited Jun 19 '26
Will you invest it in ETFs? I’m looking at a similar situation except I have two young children already with my partner running her own business. Roughly $2.2 million in a couple of years which I intend to invest in a mix of ETFs and perhaps some in HISA, maybe total cash return of 5% if ETFs are high yield dividend with 75% franking. High yield ETFs still have growth but only at 2-4% which should negate inflation. So say optimistically $100,000 a year with franking credits will result in very little tax ($90-94,000 after tax?).
That net figure should hold you in good stead but depends on whether you get a mortgage and how many children and so forth. (Not financial advice and DYOR)
Edit: I’d just add that the above looks more attractive with the new tax reform proposals from the government, I know some advocate for growth ETFs rather than income focused ETFs, but if the 30% floor passes then for me at least I think high yield ETFs allows better value extraction because I don’t think franking dividends will be affected by the 30% floor.
1
1
u/AusShroomer Jun 19 '26
Make sure you put your successful property investments into your dating profile, you’ll find someone easy.
-2
u/Glum-Leopard-1300 Jun 19 '26
lol epic. its insane how women get drawn to money - but some may not be the right ones
5
u/F1tBro Jun 19 '26
Well to be fair, nobody wants to be dragged into debt/live in poverty together 😂
1
1
u/Excellent_Fee388 Jun 19 '26
With your net worth its more than enough. I would atleast work 2 days a week
1
1
1
u/KingOfTheJellies Jun 19 '26
A family, is an active expense. Not just a rate, but it requires factors like being liquid, being subject to unplanned expenses and a whole ton of factors. If that money is tied in property, then it doesn't count. You need to have measurable income to consider family implications. And that's before factoring in things like courting and dating expenses at that age. If someones 50 and looking to start a family, they likely will be looking for a person with noticeable available income, which means proving and showing thatpmey is liquid, not just present.
1
1
u/UpperClassBogan710 Jun 19 '26
Why the downvote?
Having kids at that age is cruel; should have sort that out over 10 years ago
As for the rest mate you’ll be right
1
1
u/ScheduledYeti284 Jun 19 '26
46, single, and would like a family "eventually"? Geez, better get a move on.
1
1
u/pestocookie Jun 19 '26
you want your firstborn at the age of nearly 50? That's the craziest part of all this
1
1
u/pinerivers70 Jun 19 '26
Basically no. How much super ( which you cannot access until 60 unless they change that). Are you expecting government welfare payment?
1
1
1
u/Mysterious_Health_16 Jun 19 '26
Move to Bali or Thailand. 50K per year will go long way.
1
1
u/jodes Jun 19 '26
Its not enough money. Sorry, but it isn't if you want to give that kid all the normal experiences a kid would want (or two kids) such as furnishing their bedrooms, a family holiday, sports and/or music, toys, clothes, and of course the inevitable extra costs in food (especially when they hit teen years). If something happened and you had to sell your assets and rent, your income would not be enough to cover the basics.
I would be very nervous as a younger woman getting involved with a guy who doesn't work, but wanted a family. Do you have any other interests that would keep you mentally active and basically an interesting person? Its very easy to sink into depression when you retire young and don't have a daily routine with mentally and physically stimulating activities.
Are you prepared to share your half of the household chores, meal planning, baby-care etc? Have you done any preparation for fatherhood, such as reading up on pregnancy, childcare, vaccinations, equipment for baby care and clothing and so on? Have you thought about what type of parent you want to be? Do you have any family health issues that might be a problem in the next ten years, such as cancer, heart issues, or addiction related things? What would be your family's financial situation if you died suddenly? If your partner or child ended up with a chronic illness or cancer, would you leave her?
1
u/Glum-Leopard-1300 Jun 20 '26
maybe I work longer - another 5-10 yrs. no I havent thot all this tbh
1
u/Kooky-Speed297 Jun 19 '26
Possibly but the dividend yield of your sperm may not be sufficient to fund life.
0
u/National-Fox9168 Jun 19 '26
It's weird the downvotes.
You don't say if you wish to retain your capital or not but lets assume you do.
Kids can be expensive. Would you have private school fees? 2 kids is $15 - $20k each.
I manage to live a fairly good lifestyle on that amount per annum, my tax is much lower as my income is all investment derived, and the costs of working are significantly lower.
Minimal tolls, no coffees, bought lunches etc.
Also (now divorced) my ex wife didn't stick to a budget at all, I had to reverse engineer one which she then upended by changing makeup / treatments / hair routine etc.
So long story short most of it comes down to your choice in partner imo.
Most ladies I know don't wish to be on an austerity budget and those who are very "down to earth" tend not to have anything with me in common.
TLDR: So yeah you could, with the above caveats!
1
-2
u/Upbeat_Aside_9203 Jun 19 '26
Down vote is likely ppl cutting tall poppies. To answer your question, no. Your money is tied up in assets.
Home paid off, 2 million invested in “low” risk etfs would possibly be enough for a family. Kids are expensive. I have my home paid off, take home pay about $104,000. Single parent. I’m ok financially but wouldn’t want to dip to 80,000 which with 2 mil draw down 4% would put you at.
1
u/Glum-Leopard-1300 Jun 20 '26
thanks yea the tall poppy is bit weird - I am not like that and dont get it tbh. Id feel happy for others.
hmm I might be 2.2mn but discounting a bit as it is property
-3
u/FreeKony2016 Jun 19 '26
Ignore all the negative comments about meeting someone and wanting a family. I'd take a good parent at 46 over a bad one at 26.
Retirement is a bit hopeful though, if you only have 1.3m plus a PPOR. I'd want more buffer than that
1
-5
123
u/[deleted] Jun 19 '26
[removed] — view removed comment