Elon Musk deleted several tweets of his without apology after getting called out for promoting two disreputable accounts he held up as reliable sources.
2 million at 6 percent a year in gains/dividends is 120k a year. I would say a vast majority of us could live a very comfortable life with 2 million. That’s a middle class income for the rest of your life.
The sad thing is we’re all closer to 2 million than 2 million is to the 200 billion Elon is worth.
That’s still plenty to live a comfortable life (assuming your investments allows you to adjust this figure for inflation in perpetuity). Maybe not everywhere, but since you don’t have to work anymore you’re quite flexible.
Depends on how old you are when you retire. 3-3.5% is much safer if you are like 20yo and never want to (or can’t) work again.
4% is plenty safe if you are 65yo. Once you hit 80+ your expenses are probably going to be pretty low, you probably own your house, probably aren’t traveling much, and you don’t really need more “stuff”.
2 million at 6 percent a year in gains/dividends is 120k a year. I would say a vast majority of us could live a very comfortable life with 2 million. That’s a middle class income for the rest of your life.
The sad thing is we’re all closer to 2 million than 2 million is to the 200 billion Elon is worth.
The “rule” is 4%, and even that number is high at this point. I think 3, it 3.5 is closer to reality.
So it would get you ~60k.
That’s still plenty to live a comfortable life (assuming your investments allows you to adjust this figure for inflation in perpetuity). Maybe not everywhere, but since you don’t have to work anymore you’re quite flexible.
Depends on how old you are when you retire. 3-3.5% is much safer if you are like 20yo and never want to (or can’t) work again.
4% is plenty safe if you are 65yo. Once you hit 80+ your expenses are probably going to be pretty low, you probably own your house, probably aren’t traveling much, and you don’t really need more “stuff”.