Okay, there was a question asking about how much capital you need to make a passive income of $50/day, and I don't understand exactly what this means....
Will someone explain better, but "assuming a 4% SWR" means? I'm am thinking this question is like "How much money do I need to have to make $50 a day" although I don't know for how long? Like say, as someone said, 456K Is this how much one needs in the investment account OR savings account to take $50 a day out or earn $50 a day??
If a person has like $600K sitting in like Vanguard Admiral share stocks or diversified in other brokerages and savings accounts, can they efficiently retire on this at age 54, husband and wife, need about $4000 a month income. How much would they have to take out, (don't count on any SS okay, there isn't much) OR how much could they take out if they didn't want to disturb the principle?? Thanks so much for any input......
Submitted May 29, 2017 at 05:26AM by Jackie762 http://ift.tt/2rc3rXq
