“How much could $1 million or more give you per year?
Starting at age 65, here’s the amount of income you could potentially draw from your assets if you want a high probability of success that your savings will last until age 91.
If value of investments at age 65 is $1,000,000 then projected annual income through age 91* is $38,400/ year
If the value of investments at age 65 is $2,000,000 then the projected annual income through age 91* is $76,800/ year
If the value of investments at age 65 is $3,000,000 then the projected annual income through age 91* is $115,200 / year