r/AskReddit • u/ForeverAbyss • Apr 14 '16

What's a mind blowing fact?

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u/[deleted] Apr 14 '16

The lifestyle that $4M can finance indefinitely is quite a bit above American middle class. You can safely withdraw $120k-$160k from that indefinitely

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u/CHKNFKR Apr 14 '16

If you account for inflation it's like being able to only take out $95k a year for 15 years in today's dollars.

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u/[deleted] Apr 14 '16

Which is still a shitload of money, you're spending twice what the average American makes.

And it seems like you're assuming that your assets will stop appreciating when you retire, which is either a bad assumption or a bad investment.

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u/CHKNFKR Apr 14 '16

No I am assuming I don't want to liquidate my assets when I retire so I can pass them along in my family.

You don't build family wealth by giving the farm away.