A pretty good rule of thumb used by many planners is that if you are properly invested (savings and cds don't apply here) you should be able to spend 4% of your portfolio annually pretty much forever. So probably a good estimate would be to figure your annual income required, subtract ss and pension income, then divide that amount by 0.04. For instance, let's say you need $50,000 per year cash to live comfortably, you have no pension and you get $1,600 per month SS. So $50,000 - ($1600*12) = $30,800 Divide that amount by 0.04 (4%) $30,800/0.04= $770,000. So $770,000 properly invested should be enough for that particular income. Where it becomes tricky is planning for inflation.
* Disclaimer, my advice and interpretation is worth exactly what you paid for it.
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