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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (12728)	3/24/2000 11:56:00 PM
From: Chris J. Horne	Read Replies (1) \| Respond to of 15132

"You can take out between 4% and 5% safely year after year. Anything higher than that can deplete your principal. So, if 1.6m is your critical mass, are you targeting for income between 64k and 80k a year?" Now that you mention it, I do remember reading an article to that point several years ago. I am 46 now..and am figuring at age 50, in future dollars, would need about $53K for annual living expenses (includes health insurance) and $11K for fed / state income taxes...which works out to $64K. On top of that, I am figuring on a new car every 4 years (2 cars, keep each for 8 years...replace at 4 year intervals) and also college costs for kids. Yes...I think $1.6 million is my CM.