Sep 29, 2024
I wouldn’t try it but if I retired at 67, I’d get 3K per month from SS. If I took 10K per year from my 100K earning 8%, it would last 18 years. If I have no debt (like now), it could work.
Year Savings
initial $100,000
1 $97,572
2 $94,949
3 $92,117
4 $89,058
5 $85,754
6 $82,187
7 $78,333
8 $74,172
9 $69,677
10 $64,823
11 $59,581
12 $53,919
13 $47,804
14 $41,200
15 $34,068
16 $26,365
17 $18,046
18 $9,062