Re: Pick your salary
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Punker,
There is no way you can retire except in a 3rd world country on 1.4 mil unless you are already 60 when you start this.
TBM,
Relative poverty? By year 5 you make a decent living to get by. If you can use some debt for the first 4 it becomes EZ.
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dude, wtf?
1.4m free and clear is enough for me to retire right now. i'm 24. very comfortably, too. 1 mill can easily return 8% a year, which would lead to a $80,000 income and $400K liquid.
even saying you cant invest any of it, i'd retire on 1.4 mil at age 50. that's 28 years at 50K a year, assuming no social security or whatever.
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