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5 million over 100 years is $50,000/yr. The median household income is just over $60,000. I think you'd do fine.
by selectodude 7y ago
5 million over 100 years is $50,000/yr. The median household income is just over $60,000.
I think you'd do fine.
- hanniabu 7y agoAs seen over the past few decades, $50k doesn't go as far as it used to, and I see no reason not to expect the same in the future compared to now. In 30 years $50k might be poverty level income.
- selectodude 7y agoSure but that ignores everything about compound interest. And most people don’t live too 100. Consider it reducto ad absurdum on my part.
- boring_twenties 7y agoThat's why you invest the $5m, not just keep it in cash.