To generate monthly income of $10
with a withdrawal rate of 4%
you need an investment of
$3,000
$3,000 x 0.04 = $120.00 a year $3,000 x 0.04 / 12 = $ 10.00 a month $3,000 x 0.04 / 52 = $ 2.31 a week $3,000 x 0.04 / 365 = $ 0.33 a day
To save $3,000
work 8 hours a day every day nonstop for
18dys 6hrs