Turning a monthly paycheck into permanent investment income sounds straightforward until you realize how dramatically the required capital swings based on one variable most people overlook when building their retirement portfolio.
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Collecting $8,450 a month comes to $101,400 a year. Replacing that paycheck with investment income alone requires a specific amount of capital at each yield level. Fidelity’s retirement guidelines call for savings of 10x salary by age 67 to keep the same lifestyle. For this income, that works out to roughly $1,014,000.
