You can build up a 1 000 000 investment portfolio in 25 years by investing 14 776 per year in an investment account earning 7 per year. If you retire with 800 000 in investments you will probably make it through your whole life without running out of money a 5 withdrawal rate if you start with a 1 million nest egg a 4 withdrawal rate you will very likely never run out of money.
Money mustache is a thirty something retiree who now writes about how we can all live a frugal yet awesome life of leisure.
How to retire forever on a fixed chunk of money. Money mustache on early retirement mr. It s safer than relying on any job because keeping a steady job depends on the overall economy remaining healthy enough to feed your company your company remaining solvent and you remaining productive and useful to that company. A fixed chunk of money is about as safe a retirement strategy as you ll ever find.
Part 1 how to retire forever on a fixed chunk of money by mr. To retire forever on a fixed chunk of money you ll need to build up a 6 to 7 figure investment portfolio or live in another country. If you start with a 1 33 million chunk a 3 withdrawal rate it is overwhelmingly certain that you ll have a growing surplus for life.