At what age do you plan to retire and how much money do you aim to have?
By ArkadTRMIA
@ArkadTRMIA (42)
March 24, 2007 4:48pm CST
I'm interested in learning at what age my fellow myLotters plan to retire and how much money they aim to have to enjoy their retirement with. Also how did you choose this amount?
My plan is to retire at age 50 (in a little under 22 years) with £6'000'000 in the bank.
I will use £2'000'000 to buy or build my dream home and another £1'000'000 to furnish it and get it looking exactly the way I imagine it. The other £3'000'000 will be invested to generated my income. At a conservative 3% interest rate, it will give me around £90'000 a year for my expenses and enjoyment.
How about you?
Arkad
The Richest Man in Atherstone
(http://www.therichestmaninatherstone.co.uk/)
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