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re: Is $1 million a lot of money in 2019?
Posted on 6/22/19 at 12:21 pm to Ace Midnight
Posted on 6/22/19 at 12:21 pm to Ace Midnight
nm
This post was edited on 5/21/20 at 2:03 pm
1
Posted on 6/23/19 at 9:09 am to sacrathetic
quote:
The historical return of the market even accounting for inflation is about 7%. At $1 million invested, that gives you $70,000 per year without even touching the principle.
Because the stock market returns are not guaranteed and can have large swings as money being pulled out, I wouldn’t estimate income generation during retirement years using a straight percentage that way.
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