4 ms·
$7.2 million in today's values is plenty for the Canadian fellow. Historical inflation = 3% Historical stock market returns=11% 11-3=8 8 percent real return
by tosseraccount 11y ago
$7.2 million in today's values is plenty for the Canadian fellow.
Historical inflation = 3%
Historical stock market returns=11%
11-3=8
8 percent real return (inflation adjusted) on average per year.
Let's say he plays it a little safe, let's call it 5% real return.
That's $360K/year forever ... and ever.
Sounds pretty easy to me finance wise.
People get raised in big families on a lot less and do just fine.
- celticninja 11y agoOnly if you never spend any of the capital. I expect having 10 kids there are a number of costs and debts that woukd need to be repaid so the actual interest received would be less.