Sisyphos, the following is my goal.
My desirable asset base would be A$3.5m. House and car paid for (no plane, boat, ex-wife, horse or racing cars)
Assuming an average over a 10-20 year period of 6% growth. In the good times see the pot swell, and viccy verky for the bad times.
Will leave 2%(of the 6% growth) in the pot, and expect only a slow decline of asset base, but still have some to leave kids when I fall of my perch.
That leaves me with 4%, which if structured correctly would be tax-free of $140k/yr.
I think that would do me fine, especially as one can expect outgoings to decrease as one crumbles round the edges.
As for the 3.5m, well we can all dream can't we?