Inorder to Take out( or make) $10,000 a Yr in one's retirement..
How much Total Savings amt should one Need going forward in the Decades ahead?
and wanting it to last for the next 30 yrs..and if possible as much as possible left over for Kids/Inheritance..and just live off the Interest( Divs, Cap gains or whatever)
1 figure about $320,000 might do it..if just Take out 3% apy..
A. Making at a 6.3% Gross B4 taxes
B. Paying ave of -15% ordinary Taxes = 5.1% Net
C. Leaving 2% reinvested back in for Inflation, leaves about 3%
Is this Too Conservative and should it be More Req'd?
How much Total Savings amt should one Need going forward in the Decades ahead?
and wanting it to last for the next 30 yrs..and if possible as much as possible left over for Kids/Inheritance..and just live off the Interest( Divs, Cap gains or whatever)
1 figure about $320,000 might do it..if just Take out 3% apy..
A. Making at a 6.3% Gross B4 taxes
B. Paying ave of -15% ordinary Taxes = 5.1% Net
C. Leaving 2% reinvested back in for Inflation, leaves about 3%
Is this Too Conservative and should it be More Req'd?