How much amount of money do you need to accumulate in order to invest it for passive income?
just enough to feed yourself so that you can have free time to do whatever you want?
How much would a rental apartment cost? How much would a house cost?
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Comments
First figure out how much money you need each year to be happy. In the San Francisco area you would probably need at least 50 thousand a year to live comfortably.
Most investment counselors will tell you never to spend more that 6% each year of the money you have invested. Some years you will make more through growth and interest but like is happening now, some years you will lose money. But 6% is a good average. As long as you don’t take out any more over the long run you will never run out of money.
To get $50,000 each year on a 6% return, you will need nearly $850,000. Good Luck !!