05-19-2003, 05:26 PM
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sex dwarf
Join Date: May 2002
Posts: 17,860
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Quote:
Originally posted by gothweb
It's amazing what people will do to change their whole life from here on out.
Here's an interesting thought... (I may have the math totally wrong, mind you.)
If you had 1.6 million dollars, gaining 3% interest per year, and you spent the same amount every year so that you ran out after 60 years (my life expectency, roughly) then you could spend an average of $50,000 per year.
$26,600 per year of the money, an average of about $24,000 per year in interest. That would do me just fine.
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After you've spent a bit, interest will be lower.
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