2006-06-20 10:36:32 · 10 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
a billion!
2006-06-20 10:39:58 · answer #1 · answered by littlemissjewel101 3 · 1⤊ 1⤋
It depends on your lifestyle and the investments. If you're into real estate and get passive income that way, you don't really need that much net worth if your cash flow is enough to live off.
For something more "safe," like bonds, you might get 5% now. If you think you would need 50k per year to live, then that would be 1 million. That's kind of cutting things fine, but you get the general idea.
The point is that you don't need to work when your cash flows from your investments meet or exceed your expenses.
2006-06-20 17:52:17 · answer #2 · answered by Arbitrage 7 · 0⤊ 0⤋
Well, I hate to say this because it's a wishy washy answer, but it depends. The easiest thing to do to figure it out is go to http://cgi.money.cnn.com/tools/retirementplanner/retirementplanner.jsp and use their calculator.
2006-06-20 18:26:02 · answer #3 · answered by brownfreckles1977 2 · 0⤊ 0⤋
10 million. 10 million / year x 3% safe return = $300,000 a year without working.
I could be comfortable on that.
2006-06-20 17:40:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your expected annual expendetures/.03.
ssb
2006-06-20 17:46:47 · answer #5 · answered by Scot B 1 · 0⤊ 0⤋
depends on your lifestyes and spending habit. More important your ability to manage your own finance. Like investing and sharp on your purchaing skills......
2006-06-20 17:41:26 · answer #6 · answered by sstooc2001 6 · 0⤊ 0⤋
Dude just win the lottery!
2006-06-20 17:40:04 · answer #7 · answered by Artexx 2 · 0⤊ 0⤋
Enough so that the amount you get in interest is more than you spend.
2006-06-20 17:39:53 · answer #8 · answered by Thrasher 5 · 0⤊ 0⤋
quite a bit
2006-06-20 17:39:38 · answer #9 · answered by ari 4 · 0⤊ 0⤋
DEPENDS HOW WELL YOU WANT TO LIVE
2006-06-20 17:41:26 · answer #10 · answered by KP 2 · 0⤊ 0⤋