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Great analogy! I always wanted to be the driver of the train in kindergarden!

Sure, agree 100%. It was just a 'high level' observation. It sounds like your original goal of $75k might need to be bumped up :).

I’m missing something here. If you put $1.5m into cash (eg, ING at 5.4%) that’s an income of 81k per year. OK, so maybe it was $75k of passive income, indexed to inflation + owning your PPOR outright. OK, go for something that pays around 8% on average (surely this is easily achievable?)...