Is a Million Dollars Enough?

The question that we have is, for some one in the twenties, will a million dollars be enough for them t retire? Well, if we assume a five % with draw rate, about 295 thousand dollars can generate an annual income in perpetuity of about 15 thousand dollars in to day's dollars. So you're right, you're going to need more than a million dollars. Y the equivalent of making 15 thousand dollars a year, probably not. Oin't no be enough for most people. See, i know you, you trolls, you like the bad news. See, they've finally told us the truth. A million dollars is worth, you know, a little under 300 thousand