Quote:
Originally Posted by Unregistered
I'm almost 50 yrs old and am thinking of retiring. My passive income from property and stock dividends is about $250,000/year. However, there are so many people in this forum earning $200K+, I feel that if I retire and live on my $250K, all these people will soon surpass me. Should I keep on working?
|
Ha, unless you intend to leave all your money to the gov or descendants.
250K a year of passive income, assuming a generous 10% yield.
Meaning a whopping 25M capital.
For someone with 40 years of working life, 200K from the 1 year and saved every single cent. It would mean only 8M.
So don't worry you are well ahead......in your dreams.