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Topic	$1M in cash is more than enough to survive from 30 till 100.
konokonohamaru 08/15/19 10:36:05 PM #21:	Nanaimo-Bar posted... if I got a million dollars now, I'd stick it in a vanguard ETF or some other index tracker and forget about it for about 3 decades. Then I can retire and live the last half of my life lavishly on that bank. Means I don't need to worry about retirement or anything, that's a huge burden off my shoulders. Hell, after about two decades at 8% annually, it'll be worth ~4.7 million, with an annual return of $370k/year. Stick most of that back in to keep up with inflation, live off the returns. Perpetual work-free living. Sure a lot of that will be eaten up by tax, but I don't need much to live extremely comfortably. That's what my chemistry teacher thought and then the dot com burst happened --- ... <cite>konokonohamaru posted [p:926126118] in $1M in cas... [t:77940742]...</cite> <quote>Nanaimo-Bar posted...</cite> <quote>if I got a million dollars now, I'd stick it in a vanguard ETF or some other index tracker and forget about it for about 3 decades. Then I can retire and live the last half of my life lavishly on that bank. Means I don't need to worry about retirement or anything, that's a huge burden off my shoulders. Hell, after about two decades at 8% annually, it'll be worth ~4.7 million, with an annual return of $370k/year. Stick most of that back in to keep up with inflation, live off the returns. Perpetual work-free living. Sure a lot of that will be eaten up by tax, but I don't need much to live extremely comfortably.</quote> That's what my chemistry teacher thought and then the dot com burst happened --- ...</quote> ... Copied to Clipboard!
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