Find Out How Much You Truly Need To Retire Today With 3 Easy Steps [First Dibs 188]
The Financial Coconut Podcast
How to Live Off a 4% Interest Year on Year
If you live like an old person today, you're going to spend $2,000 a month. If my investment returns at 4% a year, I need about 600,000. So 600,000 in capital on a 4% return year on year gives me 24,000. I can live off a retiree today as a 65 or retiree. That is the amount of money you need to accumulate if you want to rely on the financial system.
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