CoconutLove@lemmy.today to Ask Lemmy@lemmy.world · 5 days agoWhat minimum amount of money in your bank account would make you feel comfortable never working again?message-squaremessage-square91fedilinkarrow-up1108arrow-down12
arrow-up1106arrow-down1message-squareWhat minimum amount of money in your bank account would make you feel comfortable never working again?CoconutLove@lemmy.today to Ask Lemmy@lemmy.world · 5 days agomessage-square91fedilink
minus-squareadarza@lemmy.calinkfedilinkEnglisharrow-up7·edit-25 days agoput the money in a standard index fund. take $25k per million out first year. increase that dollar amount by 2.5 percent annually to account for inflation. should last indefinitely unless some moron in a white house blows up the country.
put the money in a standard index fund. take $25k per million out first year. increase that dollar amount by 2.5 percent annually to account for inflation. should last indefinitely unless some moron in a white house blows up the country.