View Single Post
Old 06-25-2020, 07:59 AM
  #7  
SonicFlyer
Gets Weekends Off
 
SonicFlyer's Avatar
 
Joined APC: Apr 2017
Posts: 3,599
Default

Plan to live on about 4% of whatever your equities portfolio is because that is how much you'll be able to reliably draw from without touching the principle.

For example:

1 million = $40k/yr
2 million = $80k/yr
3 million = $120k/yr
4 million = $160k/yr


If you invest 15% of your income consistently in well diversified equities portfolio during your working years you should be ok at the end.

Don't count on social insecurity to be there.
SonicFlyer is offline