If you keep working and investing etc etc, sure. That’s not what I said.
I said to live off of it, which is generally the implied point of the “millionaire” goal. Retirement and whatnot. The generally accepted number is you can safely pull down (depending on the year and performance etc etc) ~30k, MAYBE 40k per mil you have invested. Fine if you’re still in the workforce and all that but it’s not paying the bills on its own if you have a single M.
Uhh no. I could do just fine with the rest of my life and a million dollars.
If you keep working and investing etc etc, sure. That’s not what I said.
I said to live off of it, which is generally the implied point of the “millionaire” goal. Retirement and whatnot. The generally accepted number is you can safely pull down (depending on the year and performance etc etc) ~30k, MAYBE 40k per mil you have invested. Fine if you’re still in the workforce and all that but it’s not paying the bills on its own if you have a single M.
Nope. 1 million.