How Much Principal Do I Need To Live Off Passive Income

[Beaver Fever]

anybody know

[Dennis Kane]

Post by Beaver Fever
anybody know

Obviously, that all depends on your standard of living. So, without any
other information from you, no.

[Beaver Fever]

Post by Dennis Kane

Post by Beaver Fever
anybody know

Obviously, that all depends on your standard of living. So, without any
other information from you, no.

As frugal as possible. Super low living expenses.

But I also need to figure out a health care strategy. The odometer turns over in a few weeks and the perfect health, never gonna get sick attitude ain't gonna fly much longer. The I'm too poor to care for my health so better to spend money on self indulgence than health insurance didn't work out like I thought either (I was briefly high earner). Surprised I rode this far without even getting hurt.

.

[Lenona]

That reminds me of this very old Peter Arno cartoon, from The New Yorker:

https://attemptedbloggery.blogspot.com/2023/04/charles-addams-sam-cobean-and-syd-hoff.html

To see it, scroll down halfway, just after the green plate and the blue plate.

[Andrew T.]

Post by Beaver Fever
anybody know

I would use 20 times the desired income as a starting figure.

That would assume you could make at least a 5% annual return on
investments, which is probably pretty conservative. I've seen CDs lately
for 4.7% APR/APY. A higher ROI would mean less principal needed, but
likely would come with greater risk.

--Andrew

[Beaver Fever]

Post by Andrew T.

Post by Beaver Fever
anybody know

I would use 20 times the desired income as a starting figure.
That would assume you could make at least a 5% annual return on
investments, which is probably pretty conservative. I've seen CDs lately
for 4.7% APR/APY. A higher ROI would mean less principal needed, but
likely would come with greater risk.
--Andrew
--
Andrew T., Short Tract, New York, USA (USDA Zone 5)
... wandering the streets of Usenet ...
(Remove numbers and .invalid for email address)
"Do what you can with what you have where you are." -T Roosevelt

I have been just buying CD's because I cannot even comprehend any of this. I'll at least manage 25k in a year which is more than I could manage the last McJob.