Jan 11, 2021
3:09:06pm
3:09:06pm
Sure there is, stick your money in the right equities/bonds mix for your age and
risk tolerance then just automatically withdraw 3-4% of it annually. If you want it truly passive then just throw it into a target date fund. $2M net worth will get you $60k per year to live on and $4M net worth will get you $120k per year to live on (assuming no social security). Prevailing retirement wisdom says to settle somewhere in that range.
Originally posted on Jan 11, 2021 at 3:09:06pm
Message modified by OnEMoReTrY on Jan 11, 2021 at 3:10:20pm
Message modified by OnEMoReTrY on Jan 11, 2021 at 3:10:40pm
Message modified by OnEMoReTrY on Jan 11, 2021 at 3:10:59pm
Message modified by OnEMoReTrY on Jan 11, 2021 at 3:11:20pm
- Bio page
- OnEMoReTrY
- Joined
- Jan 16, 2013
- Last login
- Jun 1, 2024
- Total posts
- 946 (0 FO)
Messages
Time
1/11/21 3:13pm
1/11/21 3:04pm
1/11/21 3:04pm
1/11/21 3:12pm
$30-40K/mo. If I'm going to stop working at my age, I'll need a lot of cash to have things to keep me busy
1/11/21 3:14pm
1/11/21 3:24pm
1/11/21 3:19pm
1/11/21 3:27pm
1/11/21 3:28pm
1/11/21 4:32pm