Activity Feed › Discussion Forums › Business, Finance & Legal › For the older crowd: How much money is enough to to retire?
For the older crowd: How much money is enough to to retire?
holy-cow replied 2 years ago 31 Members · 65 Replies
The common number thrown about is 20x your annual expenses. This number allows you to become financially independent at any age, with the premise your investments will sustain you in perpetuity
Be nice to be a millionaire. Not sure I picked the best profession for it but beats my other options.
Willy- Posted by: @armichael
The common number thrown about is 20x your annual expenses. This number allows you to become financially independent at any age, with the premise your investments will sustain you in perpetuity
This is sustainable in the long term if and only if the investments can be counted on to return 5% plus the inflation %. That is an optimistic assumption.
. I was about to purchase Twitter but, like so many of my good ideas, some one stole it .
Log in to reply.