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Reply to "Asking for a financial calculation/estimate -- how long until I'm out of money? "
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[quote=Anonymous][quote=Anonymous]One for the quants. I don't want to go into the background, but I'd be grateful for someone to do the calculation/estimate. Here's the problem: $1.3 million today, 70% in total stock market index fund, 30% in a total bond market index fund (Vanguard for both). Selling ("withdrawing") $7000 a month for cost of living. How many years until I run out of money? [/quote] I wouldn't spend $7K a month if I was trying to make $1.3M in savings last. That is $84,000 a year! [/quote]
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