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URL:  http://boards.fool.com/4-need-2-to-3-million-depending-on-spending-22658026.aspx

Subject:  Re: Happy Dance Date:  6/23/2005  11:10 AM
Author:  yttire Number:  3381 of 5069

4) Need $2 to $3 million depending on spending level.

The median household income in the united states is $40,000.

Assume 15% taxes off the top and we have $34,000

Now, if you assume 1/4 of this goes towards the mortgage, then once you pay off your mortgage you have $25,500 in expenses.

Now, if you assume someone is taking on some risk and is willing to draw off 5% and go back to work if their investments don't grow fast enough, we are looking at an asset base of

$510,000


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