Can I live off 50 million dollars?

Fifty million is life changing AND you can do a lot with it and never run out. Consider that that’s fifty times what most people need to retire, and all but the most extravagant will be able to basically live with impunity during their retirement on $50 million.

Can you live off 10 million dollars?

By taking more risk, your 10 million dollars could conceivably generate $300,000 – $400,000 in retirement income. If so, you should be able to live well for the rest of your life.

Is $25-30 million enough to set me up for life?

Having said, depending on your age & risk tolerance for investment (whether you wish to take a conservative approach or an more aggressive approach), $25-$30 million can definately set you for life. How you keep hold of the inital $25-$30 million is critical so as not to dilute the principal.

Should I quit my job for $2 million dollars?

If you quit your job at $2 million, and find in ten years you need more money, you can always go back to work. Of course, the converse isn’t true…if you work too much, you can never get the time you wasted in the cubicle back.

How much money can you pull down to travel around the world?

You can pull down 5\%p.a $1-$1.5 million (try $500-$750,000). You can occassionally fly first class, stay at the Ty Warner Penthouse Suite in NYC or Hotel President Wilson overlooking Lake Geneva, Switzerland, dine at 3 star Micheln restaurants (every now & then) & buy yourself some fabulous Swiss timepieces.

Will you ever have to worry about money again?

If you had $10,000,000 (in cash) at the age of 60, would you say that you would never have to worry about money again? At first glance, there’s no much to this question. All it requires is a basic “yes” or “no” answer. But I think there’s a lot of depth beneath the surface here.