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If you can live on 4% interest, you can live off of it indefinitely.
by AllegedAlec 7y ago
If you can live on 4% interest, you can live off of it indefinitely.
- boring_twenties 7y agoFor sure. Not in SF though, or so I thought anyway
- AllegedAlec 7y agoTrue, 1M in savings gives you ~40K per year to live off. This wouldn't be sufficient in SF, but given that you're basically retiring at that point, you might as well buy a home somewhere else and then you'd be able to live comfortable off of that.
- boring_twenties 7y agoOne has to assume they considered moving out of SF and decided not to.