How Close Is Your Portfolio to Two Point Five Millionaire?

According to wickapedia, the medium us. Household income was approximately 63 thousand dollars and 20 18. So that means that even fewer are multi millionaires. People don't invest enough either because they're just super spenders, or they don't make enough money. To facilitate spending less in retirement, the conventional financial planning industry is starting to recommend a three % withdrawal rate,. Let's apply the now three % rule to the medium income and see what it tells us. 63 thousand dollars divided by three % is two point one million. So we're right back where we strted. You need to be a multi millionaire just to have the medium income in retirement. Thankfully, there is an