TheWizard
Thinks s/he gets paid by the post
No offense, but it's hard to tell what that hypothetical situation really means.If I had guaranteed annual income of $130k to $150k like a couple on the examples in the article, I wouldn't care if I only had 10 bucks in savings. I could live very well on that income while also paying for the appropriate insurance to maintain comfort until the end.
Is the $10 in savings the result of spending the $150,000 per year on something, anything, as soon as it comes in?
What if we increased the amount to $180k per year, where would the additional income go?
With spendaholics, you see, enough is never enough.
While I don't have $5M+ in financial assets like the OP article's theme, I do have a large enough retirement income that allows me to invest the excess almost every month, a negative withdrawal rate.
So maybe I'll get to $5M in financial assets in several more years...