Living on interest income
Calculate the principal amount required to get a regular interest income
How much money do you need to live on interest income?
Wouldn't it be nice to kick back and live on the interest income of your capital? This calculator will help you to find out exactly how much you need in order to be able to live on interest income.
Don't forget about inflation
While inflation decreases the consumption power of any amount of money, the part of the interest income must be recapitalized so that to keep your deposit income generating capabilities up to inflation. The default inflation level value is 7% annually but you can calculate more precise value for your country.