This is such bs.
Assuming an annual return of 7% (historical average)
$2 000 000 would get you $140 000.
I don’t know about anyone else here, but I live on far less than $140 000/year.
If your bare bones living expenses were $36 000 that would mean you’d need $514 285.71.
There’s investment strategies that pay out far more than 7% as well.
I don’t understand this fear mongering. Getting more people investing would probably get BlackRock a lot more money than telling people that there’s no hope and you’ll die poor
The calculation is 4% withdrawals annual to historically have a 99% chance of not running out of money in 30 years which is still 80k every year adjusted for inflation
3.5% withdrawals gets you to infinite retirement based on historical data
They can, and are, working both angles simultaneously. You get the fearful people into the market with one spiel and the optimistic people into the market with another.
This is such bs. Assuming an annual return of 7% (historical average) $2 000 000 would get you $140 000. I don’t know about anyone else here, but I live on far less than $140 000/year. If your bare bones living expenses were $36 000 that would mean you’d need $514 285.71. There’s investment strategies that pay out far more than 7% as well. I don’t understand this fear mongering. Getting more people investing would probably get BlackRock a lot more money than telling people that there’s no hope and you’ll die poor
The calculation is 4% withdrawals annual to historically have a 99% chance of not running out of money in 30 years which is still 80k every year adjusted for inflation
3.5% withdrawals gets you to infinite retirement based on historical data
$80k/yr when most of these people own a home is kinda crazy to me. However, assisted living is like $6-$10k/month.
My personal investment strategy is to raise kids that won’t put me in one
They can, and are, working both angles simultaneously. You get the fearful people into the market with one spiel and the optimistic people into the market with another.