-
Witness 32 nations clash in your Graphic Design boards biggest competition yet: The 2026 FJGD World Cup!
Retirement
- Thread starter blueskies
- Start date
- Tagged users None
🥰 Love BigFooty? Join now for free.
- Banned
- #2
1. Depends how long you will have to live
2. It can be done indefinitely but you need assets rather than cash. This is because you need your principle to grow at least at the rate of inflation so your income grows at least that of the inflation rate. Cash in a bank probably won't do it.
$3m in property or shares would likely get you $50k pa after tax. And as long as you live within this it will increase every year fr the rest of your life.
$5m worth will get nearly double pa.
2. It can be done indefinitely but you need assets rather than cash. This is because you need your principle to grow at least at the rate of inflation so your income grows at least that of the inflation rate. Cash in a bank probably won't do it.
$3m in property or shares would likely get you $50k pa after tax. And as long as you live within this it will increase every year fr the rest of your life.
$5m worth will get nearly double pa.