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Strategies & Market Trends : Retirement - Now what?
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To: SAM who wrote (55)11/2/2004 10:34:09 PM
From: Nazbuster  Read Replies (1) of 288
 
Sam,

How much do you want coming in each month?

Let's say you look at all your expenses and figure you must have $5,000/month, $60,000/year.

If you think you can get 8% with a safe investment and plan on paying 2% of that as taxes, then the remaining 6%, for it to produce $60,000/yr, would require $1,000,000 in capital.

You have to work backwards from your needs and expected return rate.

EDIT: It is impossible for us to know your needs or the cost of living in your area or your standard of living you'd like to maintain. It's much better if you figure that yourself then simply project what amount of capital you'd need. If you have that amount and can produce the rate of return you used to model it, you're set.
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