What salary do you think would make you happy? (lemmy.world)

submitted 9 months ago by phoneymouse@lemmy.world to c/asklemmy@lemmy.world

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[-] AbsurdityAccelerator@lemmy.world 4 points 9 months ago

10,000,000 per year. I could stop working after 1 year and live off the interest and never have to worry about money again.

[-] Thorny_Insight@lemm.ee 2 points 9 months ago* (last edited 9 months ago)

Even a million would be enough for me there. That would give me average yearly income of 70k. That would maintain my current level of living and I'd probably just keep getting wealthier still.

[-] EinfachUnersetzlich@lemm.ee 1 points 9 months ago

70k of what currency?

[-] Thorny_Insight@lemm.ee 1 points 9 months ago

Any currency that you've invested a million worth of

[-] EinfachUnersetzlich@lemm.ee 1 points 9 months ago

Ten million of what currency?

[-] AbsurdityAccelerator@lemmy.world 2 points 9 months ago

USD. I am using the 4% rule that states you can withdraw 4% of you investments annually and never run out of money. This assumes an average 7% market return and has a buffer for inflation and fluctuations. 400k per year is about double of what my wife and I make, so it woild allow us to have a cushy lifestyle.

this post was submitted on 21 Jan 2024

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