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Originally Posted by PennyPincher
Does the 1-5-10 rule assume that there will be no additional income after retirement? That is the fuzzy part for me.
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Since it is a general rule to shoot for, there are a lot of personal factors you need to take into account.
Having an income from rental property is a great idea. This will mean you will not have to save as much to still have the same benefits. When I was preparing, I tried not to think of these extras since they give a big extra cushion when retirement comes around. So if you can, plan your retirement not taking that income into consideration if possible.
In your case this may not be possible since buying property is expensive and is similar to buying stocks. It is an investment and if you weren't putting your money into the houses, you could be putting it into retirement plans.