The question every real estate investor eventually asks: "How many rental properties to retire?" The answer depends on your target income and your cash flow per property. PIE's free Properties to Retire calculator gives you the exact number — with full expense modeling so you get the real answer, not the optimistic one.
Know your number. Use the free calculator.
Use the retirement calculator Free tool • No sign-up requiredThe Simple Math — And Why It's Wrong
Every guru gives the same formula: divide your target income by cash flow per property. If you need $5,000/month and each property nets $500/month, you need 10 properties. Simple. Wrong.
The formula ignores vacancy (5-8%), capital expenditures ($250-$500/month per property), property management (8-10% if you don't want midnight phone calls), and the fact that cash flow varies dramatically by market.
The simple formula underestimates by 30-40%.
Free Properties to Retire Calculator
PIE's free calculator models the full picture. Enter your numbers, get the real answer.
For a retirement roadmap that includes your age, acquisition pace, and portfolio value over time, use the Retirement Calculator. Read about financial metrics every investor must know and tax strategies for rental owners. To plan your acquisition strategy, explore the BRRRR method calculator and portfolio scaling strategies.