Elon Musk deleted several tweets of his without apology after getting called out for promoting two disreputable accounts he held up as reliable sources.
That’s still plenty to live a comfortable life (assuming your investments allows you to adjust this figure for inflation in perpetuity). Maybe not everywhere, but since you don’t have to work anymore you’re quite flexible.
Depends on how old you are when you retire. 3-3.5% is much safer if you are like 20yo and never want to (or can’t) work again.
4% is plenty safe if you are 65yo. Once you hit 80+ your expenses are probably going to be pretty low, you probably own your house, probably aren’t traveling much, and you don’t really need more “stuff”.
The “rule” is 4%, and even that number is high at this point. I think 3, it 3.5 is closer to reality.
So it would get you ~60k.
That’s still plenty to live a comfortable life (assuming your investments allows you to adjust this figure for inflation in perpetuity). Maybe not everywhere, but since you don’t have to work anymore you’re quite flexible.
Depends on how old you are when you retire. 3-3.5% is much safer if you are like 20yo and never want to (or can’t) work again.
4% is plenty safe if you are 65yo. Once you hit 80+ your expenses are probably going to be pretty low, you probably own your house, probably aren’t traveling much, and you don’t really need more “stuff”.