Comments on: Can You Retire On 1 Million Dollars?

By: Richard

Richard — Sun, 01 Apr 2012 02:16:44 +0000

We could retire on 2400 mthly. Just a matter of frugality. And my idea of retirement
is continuing work but only some stress free minimum wage gig for adding to SS. When
I’m to old to work then draw on the SS. Who wants to sit around a look at trees? Boring! Been to Jamaica, Mexico, Hawaii. Big deal.

By: Billious Baggworthy

Billious Baggworthy — Sun, 13 Nov 2011 19:24:29 +0000

Duh…4% of $1,000,000 is $40,000, not $48,000.
WTF are you thinking?

The recommended withdrawal rate of a diversified stock portfolio is an average of 4% per year. The growth in the underlying portfoliio should give an income that is roughly
inflation-proof. However, recent
studies show that in bad (down) market years you should
withdraw less, and in strong markets you can do a little
better.

The basic problem with Americans is innumeracy. If you can’t do basic percentages, and even compounded interest,
then you shouldn’t have the right to vote.

By: Bscott

Bscott — Wed, 27 Jul 2011 02:20:53 +0000

If your home and cars are paid for plus you have a pension income for a couple of 3500.00 a month,then yes you could retire on a million in an annuity paying 4.0 percent or 4000.00 gross monthly.(7500total) you may have to sell your mortgage free home later,this could extend your monthly annuity,in case you and your partner need to go in a retirement home,these homes vary but a nice one could be 10-12000 monthly for a couple and would eat up your money faster.
I know people who retired on a 2400.00 month old age pension and had no money what so ever and it was sad to see them struggle,save your money and retire in your early 50s while you have your health,this is noy a dress rehearsal,your dead along time.

By: Jay

Jay — Fri, 24 Jun 2011 13:57:14 +0000

Not very useful article. Did not tell me anything new.

By: Jonathan Raven

Jonathan Raven — Sun, 01 May 2011 02:11:01 +0000

One thing I’d like to say is before purchasing more personal computer memory, look into the machine within which it could be installed. When the machine will be running Windows XP, for instance, the memory threshold is 3.25GB. Putting in in excess of this would easily constitute a new waste. Make sure one’s motherboard can handle the actual upgrade amount, as well. Great blog post.

By: Rick

Rick — Tue, 22 Mar 2011 22:52:11 +0000

I can retire with 1 million dollars and live quite comfortably on 4-5 percent return and never touch the principle. I shop at yard sales,food depots good quality only very cheap, so yes it can be done!I work 6 days a week now,self employed,pay myself minimum hr wage and make it now,let alone making 40,000-50,000.00 a year!

By: shannon

shannon — Fri, 01 Oct 2010 19:59:37 +0000

i am a single mother of 2 teen boys living in KS. I get by on 27,000, so, i think one million would work!

By: Jesse Jarry

Jesse Jarry — Mon, 15 Feb 2010 11:16:18 +0000

Interesting post reminds me of another gem. – When you cannot get a compliment any other way, pay yourself one. – Mark Twain 1835 – 1910

By: annuitiesquotes

annuitiesquotes — Fri, 12 Feb 2010 13:52:45 +0000

The value of money depends on the financial status of the person. I agree with this article. A one million dollars is may be not be that big to the wealthy ones…

By: annuity quotes online

annuity quotes online — Fri, 12 Feb 2010 11:08:38 +0000

Yes, I agree. The value of money depends on the lifestyle and financial status of the person. But there may be a good investment for the money…