3 ms·
To put some real numbers to this: $500k a month is $6M a year, or maybe $3M post-tax (assuming there's no way to shelter that income). At a very conservative 3
by kcorbitt 8y ago
To put some real numbers to this: $500k a month is $6M a year, or maybe $3M post-tax (assuming there's no way to shelter that income).
At a very conservative 3.33% annual withdrawal rate, which all but guarantees that your capital will grow faster than you spend it in the long term, after one year of work he could live on an annual income of $100k, forever, without working another day.
I guess it depends on your definition of "luxurious", but $100k free-and-clear annually buys you a much nicer lifestyle than most people have!
- 0xFACEFEED 8y agoCorrect me if I'm wrong, but any kind of stardom that nets you $3MM post-tax per year will also open the door to great investment opportunities AND a sort of residual income. By residual income I mean things like being paid to appear at events and sponsor brands. Very low effort work. To be fair, that'll eventually dwindle away, but if he plays his chips right then he could coast on that kind of stuff for a long time.