Can We Retire Early? Investing and Retirement “Rothification” - 373
Your Money, Your Wealth
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How Many Million Dollars Do You Need?
Iles: You're very fortunate, becauseou you have huge resources in regard to how much money that they make. Right? I m so, i don't even know whato l the question is. Because let you see, he wants to spend a hundred 50 thousand dollars, and they want that hundred 50 thousands dollars at his retirement. So that's what 30 years from now? Yes? Iles': If i'm looking at that 30 years, and lets yous assume three and a half % inflation, so that's 421 thousand. E he's at 55, and you don't want to take out any more than three % out of the portfolio at that age, at that
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