Example
$100,000 at a 4% yield, adding $500 a month and reinvesting for 10 years: a portfolio of about $286,500 paying about $955 a month.
Qualified dividends are taxed at 0%, 15% or 20% depending on your income.
Frequently asked questions
How much do I need to live off dividends?
Divide your yearly income goal by the yield: $40,000 a year at 4% needs $1 million.
See also
Results are estimates for information only and are not financial, legal or medical advice. Rates, taxes and fees vary — confirm with a professional or your lender.