What’s your target asset to retire? For me I would probably need 7M-9M to buy a house and make comfortable passive income.
2m at 4% gives me 80k a year. I can get out of this shit hole, move to a low COL area and then do whatever I want.
I hope to retire with less than a million; this is not on your list. $1M invested in a conservative portfolio of mostly bonds paying 3-4% plus some dividend paying stocks should produce ~50k per year without even cutting into the principal very much.
Pre tax so where on earth will you retire and aupport a family wirh 25k??
Taxes aren't 50% when you earn 50k; more like 10% cap gains plus state tax. Property tax on old apartments is cheap where I am. Also, my kid will be out of the house doing his own thing when I'm old enough to retire.
Depends where you want to live