For me, its more like 2 million. I've done the math with my Financial Advisor, and between Soc. Sec., income from the investments and principal draw down,that's enough to last me way past my personal expiration date. It basically replaces 85% of current income. House and beach house are already paid, so travel will be the major outlays.
Way too much info about my personal financial thinking, but hey, its anonymous, right?
As other posted said, even with a conservative investment portfolio, one could live comfortably off the income with minimal principle reduction. It's my goal to get there.
For me, its more like 2 million. I've done the math with my Financial Advisor, and between Soc. Sec., income from the investments and principal draw down,that's enough to last me way past my personal expiration date. It basically replaces 85% of current income. House and beach house are already paid, so travel will be the major outlays.
Way too much info about my personal financial thinking, but hey, its anonymous, right?
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