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Re: Canna_Trader post# 57265

Tuesday, 02/04/2014 10:07:26 PM

Tuesday, February 04, 2014 10:07:26 PM

Post# of 120682
You could retire off 500,000 I guess but only if you live frugally and what's the point really?

You're forgetting taxes which will eat up 20% ( if you're long ). Leaving you with $400,000.

With an 8% a year growth you're looking at a yearly income of <$40,000 pre-tax... And running the risk of course of a few bad recession years destroying you all together.

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