Quote:
Originally Posted by irokcj5
So how much do you think a family of 2 needs to have stashed away to live at their current standard of living?
I'm thinking a minimum of $2 million should give about $4,500/month to live off of, which is not much when you look at car insurance, healthcare, food costs, etc.
Don't want to know anyone's personal info, just what you think is needed for a husband and wife who say make 60k each per year which is pretty avg these days.
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2mil with a safe withdrawal rate of 3%/yr will net you $60k/yr for 33yrs plus SS if its still around and if of age. Leaving money invested you could potentially have some leftover for an inheritance.