How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask TaxTom Your Own Question

TaxTom, Internet Researcher
Category: General
Satisfied Customers: 2364
Experience:  Years of experience of finding questions for employeers, family and friends.
Type Your Question Here...
TaxTom is online now
A new question is answered every 9 seconds

How much can I receive a month if I retire I have about 850k

This answer was rated:

How much can I receive a month if I retire I have about 850k in 401k

TaxTom :

Hello, How old are you and are a man or a women? Thanks Tom

Customer: Man 55
TaxTom :

Give a few minutes and I will do the calculation

TaxTom :

Sorry its taking longer than expected

TaxTom :

Hello, $51,500 per month based onliving 25 more years


TaxTom :

This is based on very conservitive 3.5% return on your investment.


TaxTom :

Since we are in historically low returns I would suggest that you have it recalcuated every 5 years but this is conservative enough that you should be able to increase with the cost of inflation and still be fine.

TaxTom :

Thanks Tom

Customer: Do you know what kind of investments will be advisable. Thankn
TaxTom :

I am not an investment adviser but this calculation is based on a conservative investment in bonds. If you invest it in a blend of stocks and bonds you could increase your monthly by 50%. You want to invest in an incremental investment that gets more conservative as you get older. Tom

Customer: Sorry Tom. Can you repeat the monthly amount. You typed 51,500. Is this a year or was it a typo. Thank you
TaxTom :

No that is a yearly figure $51,500

TaxTom :

Sorry I said per month, I meant per year. The monthly would be $4300

Customer: Ta
Customer: Thank you
TaxTom :

Your welcome


TaxTom and 19 other General Specialists are ready to help you