Friday, August 16, 2019

How Much Savings is Needed to Live Entirely Off Investment Income Until 90

It depends.   On how old one starts and the desired income.

Here's an article that does the analysis.

Here is my brief summary of what's needed.

Starting Age        Investment Funds Needed

       25                   60 times desired income         

       35                   52 times desired income                 

       45                   43 times desired income

       55                   35 times desired income

       65                   25 times desired income

The analysis assumes no social security or other supplemental income such as blogging, rental, etc.

For more on Reaping the Rewards, check back Fridays  for a new segment.

This is not financial, investment, nor retirement advice. Please consult a professional advisor.

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