How Much Do You Need To Live Off Dividends?

This is a huge question I get all the time…

How much money do I need to live off dividends?

The answer is… It depends.

I hate those kinds of answers… So let me unpack this a little bit.

I Don’t Know How Much

First – let me state the obvious – YES you can live off dividends. Many many people survive by collecting dividends from their stock portfolio and only spending that money.  So, yes, it’s not only possible to live off dividends but you absolutely can do it… I’ll show you how in a moment.

But, why can’t I give you a solid answer of how much you need to save?

Most people just want a number… Save $300,000… Save $500,000… Save $1 million dollars!

I’ll give you a number…

The median income in the United States Median household income was $67,521 in 2020… that means 50% of the population makes more and 50% makes less.

To replace that median income for the next 20 years (not factoring in inflation) , you need to save $1,350,420.

BUT WAIT… that $1,350,420 might not be right for you… it might be WAY WAY HIGH… (It assumes a lot of things).

How much do you really need to save?

To Determine How Much Money You Need To Save For Retirement…

Here are some things to consider… continue reading at NetPicks.com.

Category: Dividend Stocks