There is a growing movement among some millennials that goes by the acronym FIRE, which stands for Financial Independence, Retire Early Proponents of FIRE believe that you should save most of what you earn and invest it in a well-diversified portfolio of high-quality assets. The goal is to retire while still in your 30s. Assume that you want to spend $50,000 per year and you believe that you can earn 5% per year on a well-diversified portfolio What size of portfolio would you need in order to live off of the earnings on the portfolio? Multiple Choice $1,000,000 $2,000,000 $4,000,000 $3,000,000