Shebudgets
Living Off Of Interest Only
Look, this is an ideal situation, there’s no doubt about it. If you can live off of your interest only that means you’ve accumulated a considerable amount of principal (in the 3 million an up range). However, this isn’t likely so it’s OK to plan on living off of your principal as well.
The main message we’re giving you here is obviously to save up as much money as you possibly can. However, you want to live a comfortable life so it’s OK to allow for some or all of your principle to expire in your retirement years.