>>13278225>If you have 5 million and you get even 2% returns after inflation you're already making 100k. You seem genuine so I will do some effortposting. The problem with that 100k is that you can't take out 100k a year, you have to consider inflation, netto present values and time value of money for your portfolion and keep it growing, that is why I say you will have to work 5-10 more years (just enough to cover bills while your investments grows)
If you would actually take out 100k then you might be comfortable for a few decades, but even at a very conservative average inflation rate of 3% that 100k is only worth the equivalent 17k im 60 years. So then you have to spend your golden years scraping on student budgets. Not only is it no fun, but it's not even enough to put you in a shitty retirement home. Again, if you don't mind living in Romania and getting stabbed by some Gypsie then it might actually be survivable, but that'e assuming the cost of living in the third world stays constant which it won't.
And this is all while you pray you die at 80. If you live to 100 your budget reduces to 9k a year towards the end.
>That's more than enough to live on, not to mention your 5 millions are still there in case you ever need a lot of money. You can absolutely retire off that.You absolutely can't take some of that 5 mil. If are talking about proper retirement that means no pensions, you have no other fallback just that flimsy 5 mil.
Please don't try to retire on 5mil, just don't, it's really not a lot of money.
>As for the publications, as has been repeated ad nauseam they depend on your field.Yes, as we've also established though all the well funded and/or lucrative high impacr fields need 5 pubs. There exists a possibility that you will be a Fields medalist for inventing basket weaving hypergroups or whatever, but it's far more lucky you will be part of the 99% pushed out of academia. If it's any consolation finance should be in a 1-2y hiring spree though.
