Ignore inflation and tax.
Assume another couple make 10% more (165k) and save the extra 10%. With an annual return of 8%, they 'll have over two million in 33 years. An 8% gain will offer them 175k per year forever.
Ignore inflation and tax.
Assume another couple make 10% more (165k) and save the extra 10%. With an annual return of 8%, they 'll have over two million in 33 years. An 8% gain will offer them 175k per year forever.
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8% annual return is way too optimistic. Plus $175k per year for
-rodeodrive-
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01/10/2011 postreply
09:27:16