Submitted by Coronazonewearmask t3_10nwqds in Showerthoughts
Irishbeast57 t1_j6cwnnw wrote
Reply to comment by Sir-Viette in One day, being a millionaire is not going to be considered rich. by Coronazonewearmask
I think he is referring to the idea that you can safely withdraw 4% per annum and not lose your initial capital
Sir-Viette t1_j6cx1ji wrote
Yes that's true. But inflation would mean that the same initial capital would buy 6.5% less every year.
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