favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 3 months agoHow much do you need to retire early?message-squaremessage-square32linkfedilinkarrow-up142arrow-down10
arrow-up142arrow-down1message-squareHow much do you need to retire early?favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 3 months agomessage-square32linkfedilink
minus-squarePerspectivist@feddit.uklinkfedilinkarrow-up1·edit-23 months agoOne million invested to the stock market gives you roughly 70k 40k returns yearly and you get to keep the million.
minus-squareThe Real King Gordon@lemmy.worldlinkfedilinkarrow-up0·3 months agoNo. Simply no. The rule is 4% or a little more. Not 7%.
minus-squarebluGill@fedia.iolinkfedilinkarrow-up1·3 months agoThat depends - 3% is a safe withdrawal rate gowing your income with inflation and not running out. However you won’t live forever and so can touch some principal and so can go higher - how much is the question.
One million invested to the stock market gives you roughly
70k40k returns yearly and you get to keep the million.No. Simply no. The rule is 4% or a little more. Not 7%.
That depends - 3% is a safe withdrawal rate gowing your income with inflation and not running out. However you won’t live forever and so can touch some principal and so can go higher - how much is the question.