GA Flying Down 20%

Jay Honeck wrote:
While it's not what it once was, a million bucks is enough to live on
quite comfortably for decades.

Where? And at what inflation rate?


$1 million dollars, without so much as putting it in a passbook
savings account, will net you $50K per year for 20 years. That's two
decades.

Invest it even semi-wisely, and you should make it three decades or
more.

You can $50K out annually in perpetuity and never have less than a
million. But I'm going to need a lot more than that in retirement so
one million isn't nearly enough.