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  • cabb@lemmy.dbzer0.com
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    4 days ago

    Sure but inflation will eat into that over time. The point of the market approach is you can withdraw that amount in real dollars for 30 years after accounting for interest and inflation

    • jjjalljs@ttrpg.network
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      5 days ago

      That’s a good point. I think that’s why most financial advice recommends a mixed portfolio. Index funds that follow the market, but also like bonds and safer things.

      If I luck into seven figures of money, I think I’d hire a professional to give advice. Or at least do a lot of research.