Asked By: Alan Thomas Date: created: Sep 27 2020

## How much interest does 2 million dollars earn per year

Answered By: Henry Edwards Date: created: Sep 27 2020

How much will an investment of \$2,000,000 be worth in the future.

At the end of 20 years, your savings will have grown to \$6,414,271.

You will have earned in \$4,414,271 in interest….Interest Calculator for \$2,000,000.RateAfter 10 YearsAfter 30 Years0.75%2,155,1652,502,5441.00%2,209,2442,695,6981.25%2,264,5422,903,2271.50%2,321,0823,126,16054 more rows.

Asked By: Landon Rogers Date: created: Feb 13 2021

## How long would it take to spend a million dollars if you spend 1000 a day

Answered By: Jeremiah Gray Date: created: Feb 16 2021

Imagine someone gave you a million dollars and told you to spend \$1,000 every day and come back when you ran out of money. You would return, with no money left, in three years. If someone then gave you a billion dollars and you spent \$1,000 each day, you would be spending for about 2,740 years before you went broke.

Asked By: Alfred Collins Date: created: Dec 26 2020

## How long will a million dollars last in retirement

Answered By: Christian Taylor Date: created: Dec 28 2020

19 years“On average, a \$1 million retirement nest egg will last 19 years,” according to a 2019 report from personal finance site GOBankingRates. And depending on where you live, retirees could blow through \$1 million in as little as a decade.

Asked By: Edward Allen Date: created: Mar 08 2021

## How long will 500k last in retirement

Answered By: Ian Rogers Date: created: Mar 09 2021

It may be possible to retire at 45 years of age, but it will depend on a variety of factors. If you have \$500,000 in savings, according to the 4% rule, you will have access to roughly \$20,000 for 30 years.

Asked By: Gavin Wood Date: created: Aug 28 2021

## What is a reasonable amount of money to retire with

Answered By: Harold Campbell Date: created: Aug 29 2021

Most experts say your retirement income should be about 80% of your final pre-retirement salary. 3﻿ That means if you make \$100,000 annually at retirement, you need at least \$80,000 per year to have a comfortable lifestyle after leaving the workforce.

Asked By: Noah Garcia Date: created: Aug 16 2021

## How much interest can I earn on \$1000000

Answered By: Daniel Cooper Date: created: Aug 19 2021

At the end of 20 years, your savings will have grown to \$3,207,135. You will have earned in \$2,207,135 in interest. How much will savings of \$1,000,000 grow over time with interest?…Interest Calculator for \$1,000,000.RateAfter 10 YearsAfter 30 Years0.00%1,000,0001,000,0000.25%1,025,2831,077,7830.50%1,051,1401,161,4000.75%1,077,5831,251,27254 more rows

Asked By: Jake Cooper Date: created: Oct 21 2020

## Can you retire comfortably with 2 million dollars

Answered By: Blake Russell Date: created: Oct 24 2020

Retiring on only two million dollars is completely doable, especially if you are able to start withdrawing from your 401k penalty free at 59.5, have a pension, and/or can also start receiving Social Security as early as 62.

Asked By: Brian Patterson Date: created: Oct 05 2021

## Can you retire off 5 million dollars

Answered By: Nathan Brown Date: created: Oct 06 2021

Can you retire with 5 million dollars? For most people, the answer would be: Heck yes! I’d retire in a heartbeat! Using the 4% safe withdrawal rate as a guideline, the annual income will be around \$200,000.

Asked By: Jordan Stewart Date: created: Jul 21 2021

## How can I save 50000 dollars in a year

Answered By: Logan Cook Date: created: Jul 24 2021

8 strategies for saving money from a couple that banked \$50,000 last yearDownsize. “Live big in a tiny home,” recommends Matt. … Negotiate your rent. … Go car-free. … Use Amazon’s “Subscribe & Save” … Cancel underused subscriptions. … Go homemade. … Distinguish “wants” from “needs” … Change your mindset.

Asked By: Charles Roberts Date: created: Feb 25 2021

## How long does the average person live after retirement

Answered By: Blake Sanchez Date: created: Feb 27 2021

Here’s another – the later you retire, the earlier you will die. A variation on this theme is the “fact” that, in some jobs, average life expectancy after retirement is just 18 months.

Asked By: Evan Gonzalez Date: created: Dec 03 2021

## Can you live off 1 million dollars

Answered By: Keith Rivera Date: created: Dec 03 2021

One million dollars is a lot of money. But it isn’t what it used to be and depending on when and where you retire, \$1 million might not last until your dying day. … Meaning, you can safely withdraw 3% or 4% of your retirement nest egg every year and your money has over a 95% chance of lasting forever.

Asked By: Clifford Campbell Date: created: Dec 25 2021

## How much interest will 5 million dollars earn

Answered By: Joshua Watson Date: created: Dec 27 2021

You will have earned in \$11,035,677 in interest. How much will savings of \$5,000,000 grow over time with interest?…Interest Calculator for \$5,000,000.RateAfter 10 YearsAfter 30 Years0.00%5,000,0005,000,0000.25%5,126,4165,388,9160.50%5,255,7015,807,0000.75%5,387,9136,256,35954 more rows

Asked By: Antonio Davis Date: created: Aug 06 2021

## Is 500000 enough to retire

Answered By: Cody Diaz Date: created: Aug 09 2021

The short answer is yes—\$500,000 is sufficient for some retirees. The question is how that will work out, and what the conditions need to be for this to work well for you. With retirement income, relatively low spending, and some good fortune, this is feasible.

Asked By: Daniel Sanders Date: created: Feb 20 2021

## Where do millionaires put their money

Answered By: Gabriel Wilson Date: created: Feb 22 2021

Millionaires put their money in a variety of places, including their primary residence, mutual funds, stocks and retirement accounts. Millionaires focus on putting their money where it is going to grow. They are careful not to put a large amount of money into items that will depreciate.

Asked By: Jacob Martin Date: created: Nov 23 2020

## How much do I need to retire comfortably at 65

Answered By: Jacob Green Date: created: Nov 26 2020

To retire at 65 and live on investment income of \$100,000 a year, you’d need to have \$2.5 million invested on the day you leave work. If you reduced your annual spending target to \$65,000, you’d need a starting balance of about \$1.6 million in a taxable investment account.

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### Quick Answer: Is Discover Card Good For Credit?

There aren't any Discover cards that flat-out require excellent credit, currently.But we recommend a score of at least 700, which is toward the top of the good range, for the cards that require good credit for approval.So most Discover cards may be a tough get for the average person, who has a credit score of 669. Is Discover card good for building credit? Then use your credit card, earn Cash Back Bonus on every purchase and pay on time each month to help build your credit history. Apply today and enjoy your Discover it® Secured Credit Card. 1. Discover reports your credit history to the three major credit bureaus so it can help build your credit if used responsibly. Is Discover card for bad credit? The best Discover card for bad credit is definitely the Discover it Secured Credit Card. In fact, it's really the only Discover card that you…

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### Quick Answer: How Do Large Cruise Ships Stay Upright?

How deep in the water does a cruise ship sit? 25 to 50 feet deepThe depth of water that a cruise ship will need to dock in will need to exceed 25 to 50 feet deep.This takes into account the average draft of a cruise ship being 25 to 50 feet, which is the depth of water from the waterline to the bottom of the hull.. Could a cruise ship survive a hurricane? Put simply, the main reason that cruise ships do not capsize in hurricanes is that they are not placed in harm's way. ... Carnival, MSC Cruises, Celebrity Cruises and Disney Cruise Line all re-routed ships out of her path. The best strategy for surviving a hurricane is not to face it in the first place. Where are the roughest seas? The South China Sea and East Indies, eastern Mediterranean, Black Sea, North Sea, and British Isles are…

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### Quick Answer: How Long Does It Take To Get Discover Card?

How long does it take to get a credit card when you're instantly approved?If you are approved, the issuer typically delivers the card in 7-10 business days. How long does it take to receive a Discover credit card? New Discover credit cards are always sent via priority mail, meaning that it would take 3 to 5 days to get your hands on a new card. That's free and it's way better than what other issuers offer - up to 10 business days by default. Replacement cards are expedited and will arrive within 24 to 48 hours. How do I check the status of my Discover card application? You can check your Discover card application status online or by phone: 1 (800) 347-3085. Both methods are available 24/7. You just need to confirm your identity by inputting your Social Security number (SSN) and you'll find out whether your Discover credit card…

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### Is Discover Card A Visa?

Discover is neither a Visa nor a Mastercard.It's more like an American Express card, but they're not exactly the same, either.Discover is similar to Visa, Mastercard and American Express in the sense that all four are card networks. Can a Discover card be used as a visa? Discover is accepted in 185 countries and territories, but many of those places only have a small number of merchants who will accept Discover. Discover does have the benefit of no foreign transaction fees on any of its cards, though, while Visa cards may have fees up to 3%. Where is Discover Card accepted? According to the credit card acceptance tool on Discover's website, there are many markets where Discover cards are used. The company claims “moderate acceptance” in certain countries like the U.K., Canada, and Australia, while acceptance is admittedly low in other places such as Spain and France, just to name…

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### Question: Why Is Discover Card Not Accepted?

So in the United States, you shouldn't have trouble using a Discover card, as it's accepted nearly everywhere that takes credit cards.American Express, however, is accepted by only 6.9 million merchants in the United States.This is largely due to the higher fees the company charges merchants with each swipe. Why is my Discover card being declined? One of the most straightforward reasons your credit card could have been declined is because you've reached the credit limit on the card that was set by your card issuer and the company simply won't let you borrow any more money until you've made a payment. Are Discover cards good? Discover credit cards are not as widely accepted as leading competitors. It's one of the reasons we think that the Discover it® Cash Back is a great option as a supplemental credit card. Use it to earn the bonus rewards, but keep a more…

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### Quick Answer: Does Making Car Payments Improve Credit?

Adding to Your Credit Profile The main reason a car loan is a good way to build and improve your credit score is because, as you make payments on time, you begin to build a positive payment history.Payment history makes up 35 percent of your FICO credit score, which is the score most commonly used by lenders.30 May 2018 How long does it take for car payments to improve credit? How Long Does It Take to Improve Your Credit After … ? Type of Negative Info780 Credit Score680 Credit ScoreLate Mortgage Payment3 to 7 years9 monthsShort Sale7 years3 yearsForeclosure7 years3 yearsBankruptcy7 to 10 years5 years 7 Dec 2017 Will paying off auto loan increase credit score? And while paying off an installment loan early won't hurt your credit, keeping it open for the loan's full term and making all the payments on time is actually viewed positively by the scoring…

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### Does Discover Automatically Increase Credit Limit?

Reach a Discover Credit Analyst by Phone or Online To request an increase over the phone, call 1-800-347-2683.2.To do it online, log in to your account.Request a credit limit increase through Discover's online account center. How often does discover raise your credit limit? For the best chance of approval, Discover recommends that you wait at least 6 months before applying for another credit limit increase, but your credit limit is being constantly re-evaluated and could be increased at any time. Does Discover do a hard pull for credit limit increase? Small increases can be done without a hard pull, large increases require a hard pull. This is how the process works: Enter in the credit limit increase you want and all other relevant information. Discover will either give you the increase (in which case only a soft pull is done) or they will counter with another offer Why do credit…

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### What Is The Maximum Credit Limit On A Discover Card?

To recap, here are the best high limit credit cards today CardCredit limitDiscover it® Cash BackCredit limit: Up to \$15,000Chase Freedom Unlimited®Credit limit: up to \$24,000Discover it® Balance TransferCredit limit: Up to \$25,000Chase Freedom®Credit limit: Up to \$24,0002 more rows Does discover raise your credit limit? Reach a Discover Credit Analyst by Phone or Online To request an increase over the phone, call 1-800-347-2683. 2. To do it online, log in to your account. Request a credit limit increase through Discover's online account center. What is a good credit limit for my income? You can't exactly predict a credit limit, but you can look at averages. Most creditworthy applicants with stable incomes can expect credit card credit limits between \$3,500 and \$7,500. High-income applicants with excellent credit might expect a credit limit of up to or more than \$10,000. Which credit card offers the highest credit limit? As the highest-overall…

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### Can I Get A Discover Card With A 670 Credit Score?

Good to excellent credit Even though there isn't a specific minimum score for these cards, it helps quite a bit if yours is 670 or more.For having a high credit score, you'll be able to get Discover's most lucrative rewards rates and its longest 0% intro APR offers.Discover it® chrome. What kind of credit score do you need for Discover Card? There aren't any Discover cards that flat-out require excellent credit, currently. But we recommend a score of at least 700, which is toward the top of the good range, for the cards that require good credit for approval. So most Discover cards may be a tough get for the average person, who has a credit score of 669. Can I get a credit card with a 650 credit score? Even if your FICO credit score is only 650, you can still qualify for a credit card that charges no…

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### Question: Does Discover Student Credit Card Build Credit?

Build a credit history.With Discover® student credit cards, college students can learn good credit habits and set themselves on a path toward financial responsibility after graduation.And beyond that, students also earn cash back rewards, can view their FICO® Credit Score for Free3, and more - all with No Annual Fee! Do student credit cards build credit? Paying off a credit card each month is a great way to build credit, but college students may have trouble qualifying for a credit card. If you can find someone willing to cosign for your credit card, making small purchases with the card and paying them off every month could be a strategy to start building your credit. Is the Discover Student Credit Card good? Discover it® Student Cash Back: Benefits The card also offers an incentive for good grades. In addition to its \$0 annual fee, the card has no foreign transaction fees…

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### Quick Answer: What Does Your Credit Score Need To Be To Get A Discover Card?

There aren't any Discover cards that flat-out require excellent credit, currently.But we recommend a score of at least 700, which is toward the top of the good range, for the cards that require good credit for approval.So most Discover cards may be a tough get for the average person, who has a credit score of 669. Can I get a credit card with a 650 credit score? Even if your FICO credit score is only 650, you can still qualify for a credit card that charges no annual fee and comes with reasonable interest rates. What is the easiest credit card to get approved for? Easiest Credit Cards to Get Approved For Best ForCard NameAnnual FeeNo Min. Credit ScoreGreen Dot primor® Visa® Classic Secured Credit Card\$39No Credit CheckOpenSky® Secured Visa® Credit Card\$35Low Annual FeeFirst Progress Platinum Elite Mastercard® Secured Credit Card\$29No Annual FeeFingerhut Credit AccountNone2 more rows How do I…

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### Quick Answer: Is Discover A Good Card?

Discover it® Cash Back Credit Card The Discover it Cash Back Credit Card is quite popular.Since this card has no annual fee that means you can earn quite a profit.You'll get a 14-month 0% intro APR for purchases and balance transfers, which is fairly good for cards like these. What credit score do I need for a Discover Card? There aren't any Discover cards that flat-out require excellent credit, currently. But we recommend a score of at least 700, which is toward the top of the good range, for the cards that require good credit for approval. So most Discover cards may be a tough get for the average person, who has a credit score of 669. Where is Discover Card accepted? According to the credit card acceptance tool on Discover's website, there are many markets where Discover cards are used. The company claims “moderate acceptance” in certain countries like…

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### Question: How Quickly Can I Raise My Credit Score?

If you owe more than that amount, paying down your balances is a quick way to boost your score.Live lean for a few months, hold a garage sale or pick up a temporary second job to find the cash needed to drop your credit card balances. How can I raise my credit score in 30 days? Here's how to improve your credit score in 30 days: Pay down revolving balances to less than 30% Remove recent late payments. Remove a collection account. Raise your credit limits. Charge small amounts to inactive credit card. Get credit. How fast can I raise my credit score? Keep balances low on credit cards and other revolving credit: high outstanding debt can negatively affect a credit score. Pay off debt rather than moving it around: the most effective way to improve your credit scores in this area is by paying down your revolving (credit card)…

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### Question: Which FICO Score Do Home Lenders Use?

Get the Score Lenders Use to Evaluate Your Home Mortgage Loan If your FICO® score is…Your interest rate is…And your monthly payment will be…760 - 8503.19%\$933700 - 7593.42%\$960680 - 6993.59%\$981660 - 6793.81%\$1,0073 more rows Do mortgage lenders use FICO score 8? FICO 8 is a credit-scoring system released in 2009. Since then, only a few lenders have adopted it. The vast majority of lenders still rely on FICO 2, 4 and 5 scores, which are all part of a larger report mortgage lenders can obtain called the residential mortgage credit report (RMCR). What credit score is used to buy a house? Typical minimum FICO scores by mortgage type: FHA Loan – 580+ credit score (500-579 score is possible but unlikely) VA Loan – 620+ credit score (some lenders require 580) USDA Loan – 640+ credit score. Do mortgage lenders use FICO or Vantage? The short answer is yes, most lenders…

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### Question: Which Credit Score Do Home Lenders Use?

FICO® scores are the credit scores most lenders use to determine your credit risk and the interest rate you will be charged.You have three FICO® scores, one for each of the three credit bureaus – Experian, TransUnion and Equifax.Each score is based on information the credit bureau keeps on file about you. Which credit score do mortgage lenders look at? Mortgage lenders use the middle of three credit scores Mortgage lenders typically look at the credit scores issued by all three credit bureaus, and select the middle score as the one they'll base their loan decision on.21 Mar 2019 Which credit bureau is most used by mortgage lenders? While it's common knowledge that mortgage lenders use FICO scores, most people with a credit history have three FICO scores, one from each of the three national credit bureaus (Experian, Equifax, and TransUnion). What FICO scores do lenders use? Auto lenders, for…

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### Question: How Long After Chapter 7 Can I Get A Heloc?

When applying for a home equity loan or HELOC, you won't be able to do so right away.In some cases, you might be able to qualify for one of these loans three years after your bankruptcy is discharged, but, in general, it's more common to wait for five to six years to receive loan approval.26 Mar 2019 Can a home equity line of credit be discharged in Chapter 7? Home Equity Loans and Bankruptcy The short answer is no. A debtor can discharge the home equity loan in Chapter 7 bankruptcy but they cannot discharge it AND keep their home. But remember, in Chapter 13 bankruptcy, you will repay on all of your creditors, including credit cards.5 Mar 2019 How long after a foreclosure can I get a home equity loan? In general, you'll need to wait seven years after a foreclosure or short sale to get a conventional mortgage,…

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### Question: Can I Buy A House With A 651 Credit Score?

Most lenders require a minimum of 620 mid credit score for an Fha loan however there are some products available for those with scores as low as 580 (other stipulations involved).A 651 Credit score is fine to get a loan and you will probably need to do an FHA loan. How bad is a 651 credit score? A 651 credit score is not a good credit score, unfortunately. You need a score of at least 700 to have "good" credit. But a 651 credit score isn't "bad," either. It's actually in the "fair" credit tier. What is the ideal credit score to buy a house? Right now, the average American's credit score is 695, which is relatively high. For top-notch rates, aim to improve your credit score to around 740 before applying for a mortgage. Most conventional mortgages require a credit score of 620 or higher. Can I buy a…

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### What Kind Of Credit Score Do You Need To Lease A Car?

You will have to pay a much higher rate if you are approved at all.BadCredit.org suggests that the typical minimum credit score to be approved for a lease is 620; the best rates are available for lessees with credit scores above 660. Can I lease a car with a 500 credit score? Auto Leasing with Bad Credit This is because there are some lending companies that will not look at a consumer if they have a score below 620. This means that you can lease a new car, even if you have a 500 credit score. Another option you can take is a lease to own vehicle, or sometimes called rent to own. Can I lease a car with 550 credit score? Credit Scores Below 550 Have a score of 550 or lower? You are generally out of luck unless you can bring your score up. Even if you do…