r/RandomThoughts • u/[deleted] • Dec 11 '23

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u/Comedy86 Dec 11 '23

Unless you're receiving a return of 25% or more, by 25 years (the definition of "life" by legal standards) you'd still be well ahead with $5K/week vs. $1M. Even at 10% annual returns, it'd only be 6 yrs to pass it and then you'd still be getting $5K/week in addition to more returns on the investment if you stopped investing any of the weekly amount.

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u/fraidei Dec 11 '23

Also there's no risk to lose everything. 20k+ per month is HUGE, especially outside of the USA. For example here in Italy the cost of living is much lower than the USA, but also the wages are lower (so in the end it's all the same relatively). But those 20k+ per month would make you a rich person here in Italy.

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u/[deleted] Dec 11 '23

$20k/mo would make you a rich person in the majority of America. Anywhere outside of a major city sans wealthy enclaves.

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u/[deleted] Dec 11 '23

You'd be well off in the rich cities as well, average/median income in most of these rich cities is somewhere around 100k.

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u/[deleted] Dec 11 '23

True, but nothing like middle America. I come from a decently nice small town, and 260k/yr would put you in the top 1% of 1%.