Quote:
Originally Posted by Tron_fdc
So what's everyone's idea of enough savings? I wonder if we should do a poll?
$250 000.00
$500 000.00
$750 000.00
$1 000 000.00
I would think that $500k savings and owning your own home would be enough. At 10% return you should be able to live on $50k a year.
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That 10% is totally bunk though unless you go high risk. Put it this way. If it was relatively safe, you'd mortgage the crap out of your house (at 3% interest) and use it to generate a yearly 7% return.