Is it possible to live off of investment returns alone at a 3-4% annual withdrawl rate after inheriting $5-10 million from a family friend?
Same question but 100 millionIs that enough to retire on?
>>62042626in a third world country thats enough to live like a king for many generationsin america its a good middle upper class lifestyle for you and your kids.
You didn’t inherit that much money, why would you bother making such a cringe and retarded thread?
>>62042626>>62042637>>62042645It was a serious question.
No honestly I would probably laugh at you and request security escort this brokie from the country club
>>62042462$5 million is the brokest millionaire
>>62042462>is $150,000/yr enough to live off of?everywhere but Jew York City
>>62042714I live with my parents, so rent is not an issue. Unironically, this is true.
>>62042684It will grow over time
1 million is enough to be financially independent if you live frugally with a 3.5% withdrawal rate, or around 40k a year.4 million and up is "fuck you" money. You've got enough to live a luxury lifestyle with a 4% withdrawal rate which amounts to 150k.
>>62043140I just remembered that 150k isn't enough for a luxury lifestyle in the US anymore. I'd also look into emigrating if I were you.
>>62042462would you risk getting rugged on $5-10 million?
>>62043151I do not plan to live a luxury lifestyle, I plan to live a comfortable one where I can solo travel whenever I want
>>62043206Well then, you're sorted. Congrats on whatever circumstances resulted you now living life on easy mode.I'd look into starting some bullshit company in your name to take advantage of digital nomad visas.
bump
Couldn't you just put it in a HYSA?
>>62042462Being all in cash and just withdrawing money for spending is about the most retarded strategy ever.
>>62045146So what should I do then? I meant withdrawling a portion of the returns. The market grows 7% annually on average and I'd be withdrawling 3-4%, so the original sum continues to compound
>>62045173Find a wealth manager with low fees, or diversify between funds and REITs. The OP didn't stipulate you would be investing, if you are, it's a good strategy
>>62045198I am OP, my IP randomly changed
>>62042462Yes of course. But if you are young you are going to have to manage those funds properly to keep it above inflation and get a little extra.If you are 25 and you expect to live to 85 you have to think that in 60 years $10 million will buy very little.
>>62045263Average inflation is 2-3%, so it's only slightly lower than the 4% average annual gains I'd keep invested
