2 ms·
This is a rather precise number - why $1.3M?
by danieltillett 10y ago
This is a rather precise number - why $1.3M?
- embwbam 10y agoI can't speak for the parent, but that's about my target too. $1.3M / 300 (safe draw-down rate) = $4333/mo. Our family spends $4500 / mo in Salt Lake City to live comfortably. That doesn't include travel or expensive toys, but it would be enough to make it much easier for me to go off income for long periods to take bigger risks.