2007-02-20 07:59:28 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I'm not sure I understand the question. Are you asking how much can you withdraw from 1.3 million for a reasonable income? The answer given by financial planners is 7 percent (91000) and allows a cost of living increase each year. This should result in your money lasting as long or longer then you do.
This assumes the money is still growing at 5 to 6 percent.
2007-02-20 08:09:23 · answer #1 · answered by MiddleAgeVet 4 · 0⤊ 0⤋
6/1
2007-02-20 16:01:47 · answer #2 · answered by iwearshoes 2 · 0⤊ 0⤋
If you get a 13% ROI and withdraw at 6.5%, you have more than enough income and it can be done.
buzz me if you are interested and I can give you the details.
Regards
2007-02-21 04:16:27 · answer #3 · answered by fx_invest74 2 · 0⤊ 0⤋
Most financial planners recommend 4-5% withdrawl, and you will not run out of money, and you will keep up with inflation. 4% of $1,300,000 = $52,000. 5% of $1,300,000 = $65,000.
2007-02-20 17:35:08 · answer #4 · answered by Sax Player 5 · 0⤊ 0⤋
2/3 of your earned interest/investment income.
2007-02-20 16:07:09 · answer #5 · answered by Bigdog 5 · 0⤊ 0⤋