favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 13 hours agoHow much do you need to retire early?message-squaremessage-square32fedilinkarrow-up153arrow-down12
arrow-up151arrow-down1message-squareHow much do you need to retire early?favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 13 hours agomessage-square32fedilink
minus-squarePerspectivist@feddit.uklinkfedilinkarrow-up6arrow-down1·edit-212 hours 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-up6·12 hours agoNo. Simply no. The rule is 4% or a little more. Not 7%.
minus-squarebluGill@fedia.iolinkfedilinkarrow-up5·12 hours 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.
minus-squarePerspectivist@feddit.uklinkfedilinkarrow-up4·edit-212 hours agoI stand corrected. I imagined that 10% average growth on the S&P500 would make 7% a safe rate.
minus-squareThe Real King Gordon@lemmy.worldlinkfedilinkarrow-up1·12 hours agoFor more information check out Bill Bengen (he discovered the rule) or the Trinity study!
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.
I stand corrected. I imagined that 10% average growth on the S&P500 would make 7% a safe rate.
For more information check out Bill Bengen (he discovered the rule) or the Trinity study!