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|Subject: Re: Happy Dance||Date: 6/23/2005 11:10 AM|
|Author: yttire||Number: 3381 of 5048|
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
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