SmartAsset and Yahoo Finance LLC may earn commission or revenue through links in the content below. I’m 55 and would like to retire now with a $3 million total net worth. I’m assuming my net worth will grow, on average, 5% until I’m eligible for Social Security. My house is paid off and my lifestyle is simple. I can live with $5,000 per month. Am I making the right decisions? – Peter At first blush, supporting $5,000 in monthly living expenses on $3 million seems like an easy feat. But I like to start by ...