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Topic	$1M in cash is more than enough to survive from 30 till 100.
SK8T3R215 08/15/19 10:47:09 PM #23:	FFVII_REMAKE posted... 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. You're assuming the market doesn't tank. He's holding it for 3 decades so that is only a risk at the end of his time frame. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:926126494] in $1M in cas... [t:77940742]...</cite> <quote>FFVII_REMAKE posted...</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> You're assuming the market doesn't tank.</quote> He's holding it for 3 decades so that is only a risk at the end of his time frame. --- New York Knicks, New York Jets, New York Yankees.</quote> ... Copied to Clipboard!
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