Originally Posted by ADL Colin

You can live a pretty good lifestyle on $500k/year.

Say you want to live in a million dollar home and put down 20%. Your mortgage and taxes will be about $5500/month. Say you spent maybe $7k/month (that's not a very conservative lifestyle) on top of that (could include a pretty nice care). Pay about $170k/year in taxes. You are still saving $200k/year.