4 ms·
True if your $2M sits in an account earning zero interest. In reality you need quite a bit less than $2M if you want to guarantee 20 years at $100k.
by alexkus 14y ago
True if your $2M sits in an account earning zero interest. In reality you need quite a bit less than $2M if you want to guarantee 20 years at $100k.
- chadcf 14y agoAt a 7% return you'd still need about $1.5 mil. And that's assuming that your hopefully more conservative investments in retirement earn 7% a year and over that 20 year span there is not a crash... This includes about 3.5% per year for inflation.