Depends on your lifestyle. AT&T stock dividend yield is a little over 5%, so buying a million dollars worth of that stock would generate 52k/year, or about 13k per calendar quarter. Certainly enough to get by if you live simply.
Sure it's possible, but some of the requirements are beyond your control. All you have to do is earn on an annual basis the same or a greater amount of interest than the rate of inflation decreases your buying power and the amount that you're withdrawing each year.
Let's say you have $100 in 2014 and that because of inflation that $100 won't go as far in 2015 as it did in 2014. For our example let's say it's now the equivalent of $98. Plus you take $5 out for living expenses. Your rate of return (interest, dividends, capital gains, etc.) must equal or exceed those two "loses" so that your original $100 isn't depleted. If you can apply that concept on a larger scale you'll be heading in the right direction.
iamkyle@hotmail.com
Its actually more then enough. I follow a system of mini trading. I started with 10,000 USD. and my goal is to win one trade per day of 2.5 points. I risk 2.5percent a day. The most I could earn is 250. Give me an email if you would like to understand this technique. It about 1.5 hours max per day and I dont do weekends or nights. Thats 150000 gross in a year and year two trading 2500 a day and a potential earnings of 1.5 million a year. No trader is 100 percent perfect but this is a trickle trading style. Slow and steady is always a sure thing. 3 years 25000 and millions. 4-5 years keep going and help others do the same but dont increase your trading any higher. Its just too much risk. Trade occassionally and live off your interest and buy a good life annunuity, car, home, wedding ring,just kidding.
What reasonable person uses $1MM when talking about PERSONAL FINANCE?
Most retirement planning specialists say that you need roughly 8 times your pre-retirement income in savings when retiring at age 65. If you wish to retire early, your needs will be greater. Many current retirees would love to have $1,000,000.
https://www.fidelity.com/viewpoints/reti...
Read "Investing for Dummies" or speak with a FEE ONLY certified professional advisor if you need some education or advice.
If you are twenty five now, you might want to retire in 40 years. Start a savings plan now (invest in an ira, 401k and regular savings), diversify your portfolio too. you may need a lot more than one million forty years from now. example: one million invested in say a 3% bond would yield a paltry 30,000 a year. that is hardly enough to live on, and forty years from now, it would not be enough to live on.
by starting to save now, you will build up appreciation and save well into your later years
Is it possible to make that 1MM last forever while living off of the investments and combating inflation? If so, what should one invest in? Break it down for me.
