re: Do you have a MINIMUM PAYOUT dollar figure?

quote:

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generating 5-7M is going to be tough. It would take 20 years depositing 10k a month @ 7% to get to 5M. 30 years if you deposit $5k a month.

Its not impossible, but those saving rates are just ridiculous for most people. I mean, to save $60k a year, you figure you need to make at least 180k a year.

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I'm not look at it from a perspective of obtaining that amount, although it will be achievable since I'm only 23.

I meant that if I were to quit working today, I would have to have enough money where a 3-4% withdrawal of dividends (so 150-200k on the $5mil) would be enough to supplement a lifestyle where I have nothing but free time. I can't imagine myself ever quitting work if I still like my job and don't have a ridiculous amount of money since I would go crazy not having enough to do.