Thread: Financial independence
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Old 07-07-2006, 08:53 AM
lillyb lillyb is offline
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Default Financial independence
Could you retire on a million bucks?

If you had no debts at all, not even a home mortgage payment, what amount could you live on per year?

We hope to reach financial independence between ages 52-55. When we reach that we'd have freedom. Freedom to choose to work, freedom to chose where to work, freedom to pursue other interests, freedom to do whatever we please. To me, that's wealth. Just playing around with what the actual amount we'd need to invest to be able to achieve this goal. Thoughts?
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