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Money and Finances
Reply to "Live off returns of 401(k)?"
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[quote=Anonymous][quote=Anonymous]We are thinking that if we have 9M @ 65 yrs old. All of it is in index fund. Dividend is 1.55%. We can use just 1.55% = $139k ( tax & health care 40%, spending 60%). We can keep index fund & not worry about the up & down of the market. We don’t think about RMD yet. If the money can double every 7 years, we hope that we can reach the goal 9M. 15 more years to go... [/quote] In theory, money doubles every 7 years. But in actuality, the way the stock market works is let's say you have 3M. If you're lucky, over the next 7. years you could hit 6M. But it's very likely that you'll have a correct and the 6M could easily be 4M or even 3M. If you stay the course, once you've hit bottom, say at year 9.5, then you have another 7 years from there starting with the 4 or 3M, and so on. People who think it will simple double every 7 years sequentially are in for a rude awakening if they are dependent on that.[/quote]
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