Quote:
Originally posted by MikeSid
I think Motion is closer to the retirement amount you're looking for. With $1M in cash and zero debt you could retire today and stick it in 26 week T-bills and generate $47K a year. A more diversified portfolio might generate $80K a year. But your retirement allowance might be a bit low.
I think in 13 years, $50K isn't going to give you much purchasing power.
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Yeah, and that more diversified portfolio also might generate $20K per year.
That $47K per year is marginal for you to live on even today, but 25 years from now, you'll be eating butter sticks on that income.