Sentences with phrase «annual living expenses»

How big is his account balance in terms of annual living expenses?

He said he had $ 174K and needed $ 12k for annual living expenses, so he was basically financially free at 26, because his $ 174K would easily compound at rates of return much higher than the $ 12K he needed to take for bills.

If we use the FIRE community - preferred method of saving 25 times annual spending and plan to withdraw 4 % a year from the portfolio, then they'd only need approximately $ 1.4 million ($ 55,000 of annual living expenses x 25), in income - producing assets.

However, if you retire with $ 1 million at a time when the P / E10 level is high, you might be pushing it to use that portfolio to cover annual living expenses of anything above $ 20,000.

With annual living expenses of just $ 37,964, you can stretch your dollars further in Mississippi than anywhere else in the nation.

By 2028, we plan on having about 50 years of annual living expenses in investable assets.

Rather than subtracting costs from investment returns in his studies, Bengen lumps them in with other annual living expenses — so if you use a 4 % rate to withdraw $ 30,000 and pay $ 5,000 to your adviser, you'd have just $ 25,000 left for everything else.

His current annual living expenses are around Rs 3.6 Lakh.

All in all, total annual living expenses are $ 41,404.

Take 100 — current age and multiply by annual living expenses e.g. $ 500,000 debt + 50 years X $ 100,000 = $ 5 million term policy.

($ 55,000 of annual living expenses x 33.3).

You've accumulated 10 - 20X + your annual living expenses and no longer have to work!

Since our annual living expenses will be in the range of $ 50,000 to $ 70,000 I will need plenty of years worth held in taxable accounts and initial Roth IRA contributions (which can be accessed already tax - and penalty - free) since the rollovers to Roth IRAs to the tune of $ 28,900 will be coming slower than funds flowing out.

For example, you can withdraw only income (interest or dividend income); reinvest income, dividend and capital gains, take the amount you need for their annual living expenses and then rebalance; or purchase an annuity.

One way to normalize would be to divide by annual living expenses (not income).