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magic number if you want to retire

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Post by Propagandhi711 Mon Feb 03, 2014 1:49 pm

http://blogs.wsj.com/moneybeat/2014/01/31/retiring-on-your-own-terms/

apparently its 22 times your desired annual income

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Post by Guest Mon Feb 03, 2014 1:53 pm

hmm. close to 4.5 M... not happening unless I win four 1M lotteries.

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Post by Propagandhi711 Mon Feb 03, 2014 1:55 pm

Tracy Whitney wrote:hmm. close to 4.5 M... not happening unless I win four 1M lotteries.

marry 4 clueless richguys, divorce settlements that arent too large, kachingg you're set for life. talk to trollena/mainstreet for implementation details

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Post by nevada Mon Feb 03, 2014 2:35 pm

So if your desired retirement income is 100k, 22 times that is 2.2 million. How is it possible to retire with 2.2 million? With interest rates being so low, at 1% rate you will get 22k per year in interest.

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Post by b_A Mon Feb 03, 2014 2:49 pm

nevada wrote:So if your desired retirement income is 100k, 22 times that is 2.2 million. How is it possible to retire with 2.2 million? With interest rates being so low, at 1% rate you will get 22k per year in interest.

Most of these kind of calculators assume that you are invested in a portfolio of stocks and bonds with a historical return of 4% . Google "safe withdrawal rate".


Last edited by b_A on Mon Feb 03, 2014 2:58 pm; edited 1 time in total

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Post by Propagandhi711 Mon Feb 03, 2014 2:58 pm

nevada wrote:So if your desired retirement income is 100k, 22 times that is 2.2 million. How is it possible to retire with 2.2 million? With interest rates being so low, at 1% rate you will get 22k per year in interest.

they wrote abt it in detail. 2million in TIPs and 200k in deferred annuities..

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Post by Marathadi-Saamiyaar Mon Feb 03, 2014 3:36 pm

Propagandhi711 wrote:http://blogs.wsj.com/moneybeat/2014/01/31/retiring-on-your-own-terms/

apparently its 22 times your desired annual income

You mean to say that I should quit one of 2 MWJs so that I need to save only half my target?

No wonder the Free Loaders and Food Stampies have no worries.

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