View Single Post
Old 06-14-2021, 05:10 PM   #9 (permalink)
redpoint5
Human Environmentalist
 
redpoint5's Avatar
 
Join Date: Aug 2010
Location: Oregon
Posts: 9,277

Acura TSX - '06 Acura TSX
90 day: 28.24 mpg (US)

Lafawnda - '01 Honda CBR600 F4i
90 day: 47.32 mpg (US)

Big Yeller - '98 Dodge Ram 2500 base
90 day: 21.82 mpg (US)

Prius Plug-in - '12 Toyota Prius Plug-in
90 day: 57.64 mpg (US)

Mazda CX-5 - '17 Mazda CX-5 Touring
90 day: 26.85 mpg (US)
Thanks: 3,221
Thanked 3,546 Times in 2,645 Posts
Quote:
Originally Posted by Isaac Zachary View Post
Theoretically if a person were to invest all that money they could possibly retire and live the rest of their life off of their interest.

Half of US households make less than $70,000 a year. As long as you can make 7% yearly off of your investments you'd be set.
I once determined that I could retire in Nicaragua for $200k, and that was when I was in my 20s. Back then I figured I'd need 2.2M to retire in the US at my youthful age.

A million bucks isn't anything anymore. Depending on how much longer one expects to live, the interest on a million probably isn't going to get them to the end of their years. 3% inflation will end up making the interest income insufficient to live on.

My retirement strategy will likely involve renting out property since the income adjusts up with inflation.
__________________
Gas and Electric Vehicle Cost of Ownership Calculator







Give me absolute safety, or give me death!
  Reply With Quote