CoconutLove@lemmy.today to Ask Lemmy@lemmy.world · 2 days agoWhat minimum amount of money in your bank account would make you feel comfortable never working again?message-squaremessage-square106fedilinkarrow-up192arrow-down12
arrow-up190arrow-down1message-squareWhat minimum amount of money in your bank account would make you feel comfortable never working again?CoconutLove@lemmy.today to Ask Lemmy@lemmy.world · 2 days agomessage-square106fedilink
minus-squareadarza@lemmy.calinkfedilinkEnglisharrow-up7·edit-22 days agoput the money in a standard index fund. take $25k per million out first year. increase that dollar amount by 2.5 percent annually to account for inflation. should last indefinitely unless some moron in a white house blows up the country.
put the money in a standard index fund. take $25k per million out first year. increase that dollar amount by 2.5 percent annually to account for inflation. should last indefinitely unless some moron in a white house blows up the country.