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Topic	$1M in cash is more than enough to survive from 30 till 100.
Master_Bass 08/17/19 9:48:58 AM #24:	SK8T3R215 posted... 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. Yeah, and around then there's things he can do to prepare for retirement. A bond tent is a popular strategy. Put a certain amount of your investments into bonds that you draw from the first part of your retirement, so that you can let your stocks continue to grow. If the markets are bad oh well. You're not losing a bunch of cash since you're pulling from your funds. Your stocks will eventually go back up too. --- Many Bothans died to bring you this post. <cite>Master_Bass posted [p:926180033] in $1M in cas... [t:77940742]...</cite> <quote>SK8T3R215 posted...</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.</quote> Yeah, and around then there's things he can do to prepare for retirement. A bond tent is a popular strategy. Put a certain amount of your investments into bonds that you draw from the first part of your retirement, so that you can let your stocks continue to grow. If the markets are bad oh well. You're not losing a bunch of cash since you're pulling from your funds. Your stocks will eventually go back up too. --- Many Bothans died to bring you this post.</quote> ... Copied to Clipboard!
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