Suze Orman Says $2M Is 'Pennies' Today and That You'll Likely Need $10M to Retire Without Touching Principal Or 'Burn Up Alive'

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Feb 09

A financial guru walks into a podcast and declares that $2 million is worthless. That wasn't the setup to a bad finance joke—it was the very real opinion of personal finance expert Suze Orman. During...

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When asked how much someone would need to feel financially safe—say, if they got hit by a bus tomorrow—her answer was immediate.\"The answer is not just accumulating $2 million. Two million is nothing. It's nothing. It's pennies in today's world, to tell you the truth.\". Suze Orman tied her view of $2 million directly to what happens when life does not cooperate. \"If you only have a few hundred thousand, or a million, or $2 million dollars, I'm here to tell you…Yes—if everything goes exactly right. If you own your home o","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4162":"人寿与健康保险","BK4534":"瑞士信贷持仓","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","PFG":"信安金融","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4566":"资本集团","BK4588":"碎股"},"translate_title":"Suze Orman表示，200万美元在今天只是“几分钱”，你可能需要1000万美元才能在不触及本金或“活活烧死”的情况下退休","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PFG":1.5},"content_text":"A financial guru walks into a podcast and declares that $2 million is worthless.\nThat wasn't the setup to a bad finance joke—it was the very real opinion of personal finance expert Suze Orman. \nDuring a 2018 appearance on the \"Afford Anything\" podcast, Orman didn't tiptoe around the question of early retirement or what she thought of people planning to live off modest nest eggs. When asked how much someone would need to feel financially safe—say, if they got hit by a bus tomorrow—her answer was immediate.\n\"The answer is not just accumulating $2 million. Two million is nothing. It's nothing. It's pennies in today's world, to tell you the truth.\"\nDon't Miss:\nSuze Orman tied her view of $2 million directly to what happens when life does not cooperate. \"If you only have a few hundred thousand, or a million, or $2 million dollars, I'm here to tell you…if a catastrophe happens, if something happens, what are you going to do?\" she said on the podcast. Her answer was unambiguous. \"You are going to burn up alive.\"\nA lot of people think that once they hit $2 million, they're set. Considering how few ever make it to even $1 million, that number feels like crossing the finish line. But Suze Orman wasn't calling $2 million \"pennies\" just to stir things up—she meant it. And she backed it with the math.\nHer reasoning? The cost of aging. Health care. Taxes. Inflation. And all the other expenses people forget to plug into their retirement spreadsheets.\n\"You need at least $5 million, $6 million… really you might need $10 million,\" she said, noting that only that level of wealth could safely generate a livable income without dipping into principal.\nTo keep pace with potential expenses—like $30,000 a month in full-time care, which she said she personally paid for her mother—you'd need an after-tax yield of $300,000 per year. That's not coming from a $2 million portfolio unless you're playing with risk she wouldn't recommend.\nThe podcast aired in 2018. Fast-forward to now, and those pennies have shrunk dramatically. Inflation has eroded the purchasing power so that $2 million from 2018 would require roughly $2.6 million today to buy the same things. But here's the irony—literal pennies aren't even being made anymore. \nTrending: Motley Fool's analysts have built a new lineup of passive ETFs — explore which \"Foolish\" strategy fits your investment goals.\nOrman's message wasn't that everyone needs to become a deca-millionaire overnight. It was that too many people underestimate the cost of getting older—and overestimate how far their money will stretch.\nShe told listeners that she's seen too many people retire at 50, only to call her in their 70s in financial distress. Medical expenses, family emergencies, home repairs, and market downturns don't care how well you planned.\n\"You better have enough money if you never can work again, that you can support yourself no matter what happens,\" she warned on the podcast.\nYes—if everything goes exactly right. If you own your home outright, have no major health issues, live modestly, and avoid economic surprises, it's possible to live on a much smaller number. Orman herself noted that people with lower incomes often retire better than high earners—because they live within their means and stay out of debt.\nIt's not about chasing the highest number possible. It's about knowing what number fits your real life—and what risks you're willing to take if things go sideways.\nSee Also: Designed for investors with strong market convictions, REX Shares builds ETFs for income, leverage, and tactical positioning — explore the lineup.\nThat depends entirely on you. Your spending habits, your family situation, your health, your location—it all adds up. Some financial personalities will say $500,000 is enough. Others won't blink until they see eight figures.\nOrman's take is clear: prepare for the worst, and if nothing bad happens, great. But if it does, you'll be glad you planned for it.\nIf you're not sure whether your number is \"enough\" for a 30-year retirement—or whether it would still be enough if your income vanished tomorrow—consider speaking with a licensed financial advisor. Whether your goal is $500,000 or $10 million, having a plan built around your reality is what actually matters.\nRead Next: This investment firm leverages expert insights and a $1.85 billion track record to help accredited investors capitalize on 2026 multifamily market trends—read the full forecast now.\nImage: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}