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To: TexasFreeper2009
If you don’t have enough money to live off the interest on it without ever touching the principle, you don’t have enough.

IOW, pretty much no one has enough.

33 posted on 11/16/2022 9:24:50 AM PST by gloryblaze
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To: gloryblaze

at a reasonable 5% rate (currently CD’s are at over 4%) you would make $50,000 a year in interest per million in savings.

2 million = $100,000 interest
4 million = $200,000 interest

I think many could save up 2-4 million


38 posted on 11/16/2022 10:21:54 AM PST by TexasFreeper2009
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