If you live in a small town and don't care for huge luxuries. How many millions does it take?
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How many millions do you have to make to be sustainable to quit your job?
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Originally posted by clatoden99 View PostIf you live in a small town and don't care for huge luxuries. How many millions does it take?
I see this is your first post. If you're not a troll/spammer, and are seriously asking this question, provide more details.seek knowledge, not answers
personal finance
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Originally posted by clatoden99 View PostIf you live in a small town and don't care for huge luxuries. How many millions does it take?
How old are you? Married? Kids? How much are you monthly expenses? Are you eligible for a pension? Social Security?
Kind of an odd first post.Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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It depends on your age (and how long you expect the savings to last--and whether you are spending down to zero), what type of investment mix you have and how much your expenses are.
Some folks believe safe withdraw rate at normal retirement age is somewhere between 3-4% (and that is with some exposure in equities)... So, for every million saved, you would have about 30-40k to spend. If the money is pretax, you would have to account for taxes.
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Originally posted by Bob B. View Post2.5
Huh. I was going to submit just "2.5", but when I clicked Submit, I got a message that my post needed at least 5 characters.
It keeps people from answering "yes" or "ok" or other one word responses to posts.Brian
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