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| Topic | $1.5 million, but from now on every traffic light turns red when you approach |
| adjl 05/27/25 6:42:30 PM #30: | Revelation34 posted... Citation needed. It's basic math. Assuming a 5% return (which is pretty reliably possible), $1.5 million will yield you $75k/year. Knock a couple hundred thousand off to buy a house, and you can expect more in the range of $60-65k. That's enough to support a single person, particularly if there's no mortgage and you're paying lower property taxes because you're in a rural area, but throw an extra person in there and you're probably going to run into some issues, especially if you're using most of your return and your capital therefore isn't growing to keep up with inflation. Sure, you can be stingy enough to get by on that little, but generally speaking you want more in the realm of $2-3 million to be able to live comfortably without working. --- This is my signature. It exists to keep people from skipping the last line of my posts. ... Copied to Clipboard! |
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