65-Year-Old Targets $4,500 Monthly From $950,000 IRA Without Annuity

1 articles · Updated · Yahoo Finance · Aug 11

$950,000 in a rollover IRA must generate about $54,000 a year to produce a $4,500 monthly retirement paycheck, implying a required blended yield of roughly 5.7%.
That target sits just above the 10-year Treasury's 4.63% yield, framing the strategy as a moderate step up in risk rather than a stretch into extreme income products.
A conservative 3.5% income portfolio would require about $1.54 million, leaving the retiree well short if relying only on lower-yield dividend-growth holdings.
The proposed mix pairs dividend growers such as Johnson & Johnson and Coca-Cola with REITs and covered-call ETFs, while warning that 12%-plus vehicles may return principal and face less favorable tax treatment.