Quote:
Originally posted by RedShoe
And I don't know why 4 mil wouldn't be enough... but it just wouldn't.
|
You could earn a 5% return on tax free investments fairly easily.
That means that on 4million you would NET $200K yearly in interest without touching your principal.
(And that's NET, if you were still working, your salary would probably have to be 350-400K to net that much)
And considering that when you're at retirement age your biggest expense (mortgage) is paid off, and your childrens education has been bought and paid for, if you can't live off of 200K/yr you've got serious problems.