3 ms·
For a single person, yes. 900K * 0.03 = 27K My strategy (NL) would be: buy a house/apartment for around 300K to 400K to live in (to combat rent inflation). Use
by mettamage 6y ago
For a single person, yes. 900K * 0.03 = 27K
My strategy (NL) would be: buy a house/apartment for around 300K to 400K to live in (to combat rent inflation). Use the other 500K * 0.03 = 15K to live from.
For me personally:
- food is 100 euro's (buy things in bulk, buy cheap and micronutrient dense veggies like spinach, don't buy meat, buy frozen fish, etc.)
- utilities is 300 euro's (water + electricity + heat + internet + phone)
- health insurrance is 150 euro's
- disposable income is (15K / 12) - 550 = 1250 - 550 = 700 euro's. Property taxes still need to be paid, entertainment and transportation.
I may or may not have forgotten a few things, if it's still too little, then up the withdrawal rate to 4% instead of 3% and buy the 300K house/apartment.