GoFuckYourself.com - Adult Webmaster Forum - View Single Post - How much money does it take to retire wealthy and live of intrest?

slapass · 02-26-2006, 08:59 PM

This is a catch 22. If you make 300k a year and think "wow i am balling." You spend even 100k after tax you would only save 50k. 50k a year savings needs to grow to 3 million for it to spin of 10% revenue to replace your 300k a year. I takes about 20 years of savings to get there. So people making less then a million a year never really get to just live on a beach unless they can live on much less then they are making now.

02-26-2006, 08:59 PM
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,625	This is a catch 22. If you make 300k a year and think "wow i am balling." You spend even 100k after tax you would only save 50k. 50k a year savings needs to grow to 3 million for it to spin of 10% revenue to replace your 300k a year. I takes about 20 years of savings to get there. So people making less then a million a year never really get to just live on a beach unless they can live on much less then they are making now.