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re: Is $1 million a lot of money in 2019?

Posted on 6/22/19 at 12:19 pm to
Posted by LSU6262
Member since Jun 2008
7494 posts
Posted on 6/22/19 at 12:19 pm to
quote:

If you had $1 million and you were, say, 60. Assuming reasonable health and a life expectancy of 85 at that point, could you retire? You could take, what $40k or maybe $50k (after a particularly good year)


You could take more than $50k per year. Easily.
Posted by Popths
Baton Rouge
Member since Aug 2016
3971 posts
Posted on 6/27/19 at 9:34 am to
Equally as important to retirement is having no debt. Once you get there, it doesn’t take much monthly.
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