If your initial year annual expenses requirement is $24,000/yr then you will need $24,000/0.05 = $480,000.
http://investmentmoats.com/stock-mar...ase-passivity/
If your initial year annual expenses requirement is $24,000/yr then you will need $24,000/0.05 = $480,000.
http://investmentmoats.com/stock-mar...ase-passivity/
hi Arcachon, thanks.
Your need is a function of the initial rate that you withdraw, in this case 5% and your annual expenses.
If you wish to be conservative, it can be lower at 3.5%. Thus if you need 24000, its 24000/0.035 = $685,700.
5% is rather risk seeking.