I would argue fuck status is 4-5 million
I would say at least… For me, it’s 0 debt, multimillion dollar home, vacation home, and $30K/month in passive income.
That means 2.5 million for a house and car + another 1.5 million for a vacation home.
In order to get $30,000 per month in passive income (dividends) you’d need about $12,000,000 in stocks with a diversified portfolio.
That’s 16 million after taxes, and around $20,000,000 if you’re talking Bitcoin capital gains and $40,000,000 if you were married without a prenup.
You could do away with the vacation home and scale down the house a bit while living off $10K per month, but that would still cost you 6 million and $10K a month with property taxes/upkeep on a 1.75 million dollar house would likely mean living on a budget.
Anything less than 6 million and you’re looking at retirement with declining assets (the 4% withdrawal method mentioned above) or potentially a below average quality of life depending on your age as your rising costs exceed $10K per month (car replacement, health issues, kids college, grandkids college funds).
Anything less than 3 million and in my opinion you’d (not just potentially like above) have a below average quality of life in retirement OR eventually exhaust all your assets with continued drawdowns due to a budget deficit (what most people do).
I should also add if you’re old enough and fine with being a renter, you can live for far less, especially if you have social security. Many retire with nothing at all and just live frugally (not fuck status).
I agree in general, but, overall, maybe with a bit of a cushion.
House, if not bought outright-12 mil should give $630K in yearly interest ($52.5K monthly).
Mortgage on 4 mil worth of a house at 7% is $26.6K/mo, so you have 630K-80K (max RE tax)=550K-319.2K (mortgage)=19.23K/mo for mortgage-independent living, which should be enough for most families.
So, if you want to splurge on a big house, then, maybe $12 mil is enough, and $20 mil is extra.
I would call the $10-12 mil a "new" (post COVID) "enhanced" fu status (because we are talking about two houses and fu supposed to be just one).
I also agree that above 100 mil is probably the filthy rich category now. Many investment houses now consider $100 mil to be a number for UHNWI (it used to be $30 mil).
Granted, anyone not on coasts can probably live on 4-5K/mo per person in the household...but that's not "fu", just routine comfortable living.