If you intend a full spend down (which I would recommend, if you want to give your kids money, do it while your alive) you don't need nearly as many assets.
With an 70 year old white female and a 66 year old white male, they have about the same life expectancy - around 13 years. With no growth / interest that's ~$936,000, with a reasonable return it's around $100,000 less.
With an 70 year old white female and a 66 year old white male, they have about the same life expectancy - around 13 years. With no growth / interest that's ~$936,000, with a reasonable return it's around $100,000 less.