Does anyone else factor in rental income? I currently have just over $400k in various retirement accounts, but we also own two rental properties that generate $12,000 annually after expenses now, will be $15,000 after the second one is paid off. I consider this as similar to an annuity of $300,000 ($375,000 once both are paid) at 4%, which would bring my total to around $700k. I have also thought about it as reducing my set expenses by $1,000/mo. Anyone have a preferred method? I don't know that one is more accurate than the other... Thoughts?