John Dibble
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Posts: 18,732
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« on: October 08, 2012, 03:12:58 PM » |
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No. It's not enough for retirement at my age. Even at a good level of interest it's not at that level to do any more than supplement my income. Without any kind of serious investment at all it would only last me 20 years to support my current lifestyle, give or take a few depending on various factors. Less if I married and had kids.
I think I could do it at $3 million though. If I take half and have someone really good managing investing it to get a high rate of interest on it I could live off of that, and keep the other $1.5 million in savings for backup.
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