Oct 7, 2026 · 17 min · 7 segments
What a $1 MILLION Retirement Looks Like Crockett Carothers & Michael Hull **Retirement Calculator:** https://whatsyourretirementnumber.netlify.app…
Like, man, I remember being like, man, if I could afford a $100,000 house, I will have it made.
And then it was like, man, how do you become a millionaire? Same thing like you, like, oh, who wants to be a millionaire? And all these game shows and all this stuff is, you know, look, we're going to buy lottery tickets because you could win a million dollars or, you know, that's a big number.
you know episodes we've talked about a million or a million or a million and people are alive that doesn't get you anywhere it's different today but look what the cost of milk is today too compared to what it was 40 years ago you'll buy a new pickup today you're gonna spend seventy thousand dollars at a minimum well you didn't do that forty years ago so i think over time that number has to have gotten bigger for all the stuff that we think it means But let's just use that number.
What does having a million dollars mean? We've talked before about something called sustainable rate of withdrawal.
If you don't want the million to go away, right? Because we've all grown up, like, if we can get a million dollars and our kids will have a million dollars when we die, we can live off of this million dollars, like, it'll just be a lot.
Now I think you should try to get that as soon as you can, because the, the great thing about finances is something called time value of money, right? Now, all of a sudden, a million starts making you 10% a year going forward.
Like, man, I remember being like, man, if I could afford a $100,000 house, I will have it made.
And then it was like, man, how do you become a millionaire? Same thing like you, like, oh, who wants to be a millionaire? And all these game shows and all this stuff is, you know, look, we're going to buy lottery tickets because you could win a million dollars or, you know, that's a big number.
you know episodes we've talked about a million or a million or a million and people are alive that doesn't get you anywhere it's different today but look what the cost of milk is today too compared to what it was 40 years ago you'll buy a new pickup today you're gonna spend seventy thousand dollars at a minimum well you didn't do that forty years ago so i think over time that number has to have gotten bigger for all the stuff that we think it means But let's just use that number.
What does having a million dollars mean? We've talked before about something called sustainable rate of withdrawal.
If you don't want the million to go away, right? Because we've all grown up, like, if we can get a million dollars and our kids will have a million dollars when we die, we can live off of this million dollars, like, it'll just be a lot.
Now I think you should try to get that as soon as you can, because the, the great thing about finances is something called time value of money, right? Now, all of a sudden, a million starts making you 10% a year going forward.
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