From the perspective of an investment plan, how you define “enough” is of great importance as it defines your need to take risk — the rate of return you need to achieve your financial goal. The more you convert desires (what might be called “nice to haves”) into needs (“must haves”), the larger the portfolio you will need to support that lifestyle. And the more risk you will need to take to achieve that goal.
At a certain point, the amount of money you have has no connection to how happy you are. Yes, that’s right. Money can’t buy you love — or happiness. For some, this breakpoint is $500,000, for others, it might be $5 million. It largely depends on your lifestyle and how much money you’re spending now to maintain it.