-
Share
14,217 Posts.
123
23/10/08
14:37
Share
it all depends on how much you need to live.
I reckon I would need about $26,000 or $500 a week
you can probably organise your finances to get a return of 7%
eg CBA would give you around 9% with franking credits
4% would go in inflation
that would leave you with 3%
$26,000/.03 = $866,666
if say you had $1,000,000 in the stockmarket, it would probably have to fall another 13% before you get into trouble
you may need more or less than this amount
if you need say $30,000 a year and you only have $1,000,000 you are in trouble already
anyone like to say how much they need to live?
-