9 ms·
Not for the rest of their lives. 50 people can live on $100k/year for 20 years.
by ndand 4y ago
Not for the rest of their lives. 50 people can live on $100k/year for 20 years.
- mrorbitman 4y agoif you assume typical stock market returns, ~$2M is enough to retire on and live on $100k a year of interest gained alone.
- cma 4y agoAssuming you are using recent interest rates. If you mix in recent inflation rates too it doesn't work out in inflation-adjusted dollars like that, though hopefully a lot of that is transitory from covid (or maybe we have something worse than covid in the future).