Copied from AgTalk
In the post below the criteria was you had enough land to rent out or other assets to live on the rest of your life.
Question would be in your area how much land and what would the land be worth would it take?
me- Northern Illinois. Prime farmland just for round numbers lets say it would be worth $10,000/acre a couple of years ago it would have been $12,500+. With a house paid off I think it would take 400 acres. If we would get back to $400+ rent a 320 (or even a 200 if we knew $400+ rents were here to stay) would do it but just not sure about that $400 rent. Thinking after all is said and done land will return less then $200 per acre today.
One reason I answered "tomorrow" to the question below is I have seen wives need to liquidate an operation after the husbands untimely death. My father and father in law could assist my wife but they are struggling with old age issues so not sure they would make the best decisions or be of much help with the actual heavy lifting type stuff. I don't want to put my wife through what I have seen.
edit to say I am 55 so not collecting SS. If I was fully vested in SS I think a 320 would be enough.