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ndand | 3 years ago

Not for the rest of their lives. 50 people can live on $100k/year for 20 years.

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mrorbitman|3 years ago

if you assume typical stock market returns, ~$2M is enough to retire on and live on $100k a year of interest gained alone.

cma|3 years ago

Assuming you are using recent interest rates. If you mix in recent inflation rates too it doesn't work out in inflation-adjusted dollars like that, though hopefully a lot of that is transitory from covid (or maybe we have something worse than covid in the future).