- Jul 20, 2001
Not to detract from your point but your numbers are off. Assuming you retire at 65 and you expect to live 20 more years, $2mill should be plenty and you should be able to spend more than $50k/year, a lot more.Originally posted by: blackangst1
No, not for retirees. Again. 2mill when we retire will pay you 45-50k/yr for about 20 years. That is NOT rich.
I like this planner for doing the calculations.
Even with a conservative investment strategy it looks like you could spend ~$140,000/yr and have the money last.