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By historical averages for the S&P for the last 100 years - you could draw down AT LEAST $10k per month indefinitely. If you can't get by on that (2x median in
by onlyrealcuzzo 5y ago
By historical averages for the S&P for the last 100 years - you could draw down AT LEAST $10k per month indefinitely.
If you can't get by on that (2x median income in US, top 10% income in the US, top 1% in the world)... You have problems.
- kortilla 5y ago10k a month won’t be much in 50 years. You forgot to account for inflation.
- sokoloff 5y agoTwo points: In the context of the upthread wager, as a California employee, you’d be left with just under $1.5M if you worked for one year and paid your taxes. No way does that provide $10K/month for possibly 70 years. Even if you somehow got it entirely tax-free and had no living expenses such that you could start with a $3M balance after a year of work, I’d wager that the vast majority of people would choose to work at least 2 years and many would choose to work 4 or 5 years and that only a small minority of them would quit after 1 year. Wouldn’t you rather work 2 years and live on $20K/mo rather than just 1 and live on $10K/mo?