4 ms·
Obviously totally arbitrary and meaningless, but I'd say (C). With a wealth of 10M, drawing 4% = 400k/year, a person or family would be able to not work ever a
by tacostakohashi 3y ago
Obviously totally arbitrary and meaningless, but I'd say (C).
With a wealth of 10M, drawing 4% = 400k/year, a person or family would be able to not work ever again, and live a very comfortable upper-middle class life anywhere they wanted, equivalent to a high-end doctor/lawyer/FANG income & lifestyle but without the actual job, etc.
Below that, (B) is still very wealthy, a very nice cushion and enough to take a few years off or even retire, but with some compromises on location/lifestyle, and more risk of needing to work again or cut back if investment returns aren't as expected.