Re: How much $ is needed to never have to work again?
[ QUOTE ]
huge difference between being 40 and being 60 and not working again...if you cant figure out the differences then you need to think about it some more
[/ QUOTE ]
To be fair, if you make it a prerequisite that the invested portion of your money increases every month, it actually doesn't matter how old you are. This assumes that already factored into that is your monthly withdrawal growing with inflation. Now, it is stupid, from a "how much money do you need" perspective, to have your invested capital grow perpetually. There's no need to end up with 60 million in the bank when you die. That was his question though, so it actually won't really matter how old you are since other provisions more than account for that.
|