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Reply to "Why wouldn't you retire on $5M?"
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[quote=Anonymous][quote=Anonymous]Why aren't we walking about the fact that 5million is more like 17K a month? Even after taxes, it would be more like 12-13K or even more depending on how the money is structured.[/quote] 10k is conservative but yeah you could stretch it out to 12-13k with a bit more risk. I used 3% withdrawal ratio on 5M which is 150k/yr and then assuming 20% goes to taxes. Brings you to 10k a month. [/quote]
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