LogFAQs > #979756279

archizzy posted...

A million. Because at a modest 5% return I could live on $50,000 a year easily. I currently live on about $1,400 a month for all my required monthly bills. That is everything. All household bills, food, gas, property taxes, house insurance, I mean literally everything.

I just hang out at home and watch tv/movies, game, read, listen to music. I could easily live off 50K a year when I'm currently spending far less and just investing all my extra money.

So I wouldn't need to touch the initial amount. Just live off the interest.

You need to account for cost of living (not to mention income tax.) If you start at 25k and end at 75k, thats about 50k avg.

if you want to begin at 50k, then youd need to account for a larger investment. Think about the buying power of a dollar 10, 20, 30 years ago compared to now. Factor time until retirement.