3 ms·
So you will need to generate 3.6% on your 2.2 million to take 80k a year. No idea what your tax rate is so i cant comment on how far out i am here. I doubt you
by swarnie_ 9y ago
So you will need to generate 3.6% on your 2.2 million to take 80k a year. No idea what your tax rate is so i cant comment on how far out i am here.
I doubt you can consistently make that kind of return year in, year out. Accounting for 2% inflation its looking even worse.
There is a pretty good discussion here which expands further - https://www.reddit.com/r/investing/comments/5xmr3y/does_anyone_live_off_their_dividends/ https://www.reddit.com/r/investing/comments/5xmr3y/does_anyo...
- bpicolo 9y agoA few different vanguard funds have 5-10% annualized for the last 15 years. There's never a guarantee but > inflation has been a good bet so far
- tarboreus 9y agoThe S&P 500 has an inflation-adjusted yearly average return of about 7%. 4% is a generally agreed-upon "safe" percentage if aiming to live off that amount.
- timthelion 9y agoI am aware of a real existing portfolio (not mine) which started with a sum slightly higher than 2.2 million in 1997 and invested in 70% medium risk mutual funds 30% lower risk bonds and real-estate. The portfolio has made a very consistent 6% per year since 1997. Almost exactly 3.6% after inflation.