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 Originally Posted by bigspenda73
if I have $1M I don't want to be pinching pennies, that's what I feel I would do with just $1M handed to me. I'd def. attempt to never work again, but people are probably overestimating the return you can get on your money these days.
The U.S. median income is 45k, so you would need 4.5% return (I guess I'm not factoring in taxes here).
I think most people vastly overestimate how much money they need to live comfortably.
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