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What you really proved is that $1M is not enough to retire. If you can’t live off the dividends, you don’t have enough to retire.
by outside1234 7y ago
What you really proved is that $1M is not enough to retire.
If you can’t live off the dividends, you don’t have enough to retire.
- MR4D 7y agoThe dividends (assuming it's in an S&P index fund) are only about $27,000 per year. You'd actually want a better mix of income generating assets than straight stocks to make sure you have income and are keeping up with inflation. And a million is more than enough to retire. (Perhaps not enough for you or me, but that's a lifestyle choice.)