daylatedollarshort
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Feb 19, 2013
- Messages
- 9,358
Thedaily, if your all inclusive budget is $12K a year just for you and you have $1.1M saved up, you have 91 years of living expenses saved up as it stands, more or less, assuming you invested in assets that simply kept up with inflation. Plus I assume you will have SS or some kind of retirement income coming in later on for additional income.
I would suggest running a spreadsheet out 50 years just investing in inflation indexed assets with a small real return, and include post job medical expenses, reserves for LTC or LTC insurance, and reserves for new cars and home repairs and anything else major that might pop up, and see how that comes out.
Maybe I am missing something, but I agree with Aaronc879. I don't see why you need to work at all as long as you keep your living expenses so low in relation to your savings.
I would suggest running a spreadsheet out 50 years just investing in inflation indexed assets with a small real return, and include post job medical expenses, reserves for LTC or LTC insurance, and reserves for new cars and home repairs and anything else major that might pop up, and see how that comes out.
Maybe I am missing something, but I agree with Aaronc879. I don't see why you need to work at all as long as you keep your living expenses so low in relation to your savings.
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