Living off earnings and retiring early – I do know I’ve some math flawed, however wher…

by akoloy



I’m making an attempt to setup a system that can, after taxes and charges, pay me $2,500 US per thirty days, perpetually. Please let me know what components I’m not contemplating, the place my math is flawed, or if I’m loopy. As for the loopy half: how I’ll use that cash and the way I’ll dwell off that earnings is nicely outdoors the scope of this put up. Suffice to say that $2,500 (or extra) is a aim that can make me very, very completely satisfied. I can speak one-on-one in case you are , however it’s nicely outdoors the scope of this put up.

During my lifetime, 40 years, the S&P 500 seems to have a median fee of return of 10%. Assuming that worth holds for the following 10 or so years, here’s what I need to do:

If I’ve $350K in a brokerage account that’s invested 100% within the S&P 500, that 10% return ought to create approx. $35K annually. If I withdrawn all of that quantity, leaving the unique $350K completely alone, about how a lot would I truly take residence as money after taxes, charges, and many others.? Would I hit my aim of $30K/yr earnings? For tax calculations, I’d have zero different earnings and wouldn’t personal a house, so I’m hoping my tax bracket could be tremendous low.

submitted by /u/JLHawkins
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