If I had a Million Dollars .... it still wouldn''t be enough!

A million dollars sounds like so much money, especially to my kids, but in reality if I won a million dollars it wouldn't be a win fall. My kids brought up the "if I won a million dollars" fantasy the other day and I started to think, what if I won a million dollars?

Once I paid off my house, set aside some money for the kids education, and took a family vacation there wouldn't be anything left.

That is just depressing. So if I won a million dollars I'd move to Mexico or the Caribbean and live off the cash.... financial planning be damned. When I started working in the financial planning industry in 1995 a million dollar retirement savings plan provided a decent retirement. Not today though, today you're house better be paid off before you retire, you need at least a million and have a couple rental properties or a small business to bring in cash too.

I have a few more decades before I need to think about retirement, by then how much money will be enough to retire in comfort? If I had a million dollars.... I'd be comfortable but not rich.