ST Alpha - "$100k/yr covers $250+ per night. 100k/.02 in CD interest needs 5 million in principal, but $2m should cover 20yrs if you spend it all. -- nm*" (Reading a Post)

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In response to ""book a hotel for 20 years" ... I wonder how much principal you'd need to be able to book a hotel room for 20 years on interest alone." by Beryllium

$100k/yr covers $250+ per night. 100k/.02 in CD interest needs 5 million in principal, but $2m should cover 20yrs if you spend it all. -- nm*

Posted by Max Mar 20 '18, 15:55

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Responses:

What fancy hotel are you staying in at $250/night? - JaxSean Mar 20, 16:32
how much would need to keep growing principle to keep up with inflation...20 years you'd probably need 1000 a night -- nm - zeitgeist Mar 20, 16:07 1
- Growing your principal faster than the likely inflation rate for hotels sounds like a challenge. -- nm - Max Mar 20, 16:13

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