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Reply to "how much money would you have to have in the bank to feel like you never needed to work again?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]1mill would be the bare minimum for me to think about stopping work now I know is seems low, but I figure with a million bucks I should be able to get 5% return which means I'd be getting 50K a year on interest Which means id never have to touch the principal and still get a living wage. [b]given I'm 46, I figure I got another 40 years I could spend 25K a year form the principal plus the 50kinterest would be 75K a year. totally livable wage. and by the time i'm dead the original amount would be close to zero. [/b] now granted I would not be able to live in the DC area, but i'd be happy out of this area anyhow.. more than 1mill would be better, but I'd be able to it on one mill [/quote] lol.. yes.. or just use one of those retirement calculators. Wow. You may want to go take some remedial math classes before you make any decisions, PP. [/quote][/quote]
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