Jun 22, 2021
11:29:34am
11:29:34am
Easily, seeing as my current target number is just over $1 million at 40
Family of 4 currently spend ~$55-60k annually but that includes $30k in mortgage payments. I'd pay off the house with ~$500k of the 2.4 million (including taxes).
The rest would still be invested, mostly in VTI/VTSAX, with some diversification. I would expect 6-10% on average adjusted for inflation.
My house would be paid off so we would be down to $30 ($40k tops) in annual spend, which the ~$2 million would generate double or more of that spend annually.
The rest would still be invested, mostly in VTI/VTSAX, with some diversification. I would expect 6-10% on average adjusted for inflation.
My house would be paid off so we would be down to $30 ($40k tops) in annual spend, which the ~$2 million would generate double or more of that spend annually.
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What will $96K be in 30 years? Most likely it will be equivalent to $50K or a little less in today's dollars
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