2.5 million and I quit my job. 100k/year passive income. I’m learning to cook, probably adopting a child or 2.
$300,000
High yield savings account would get you a little over 1k$ a month from interest alone. I already live on less than that. I’d just live off the interest.
I’ve never thought it all out, but 5-10 million USD. It’s probably overkill, but I’m budgeting expense if I need to help my family out in the US as they age and such.
10 million. Maybe I’d take 5 if i was going to leave the country, which I might with that much.
$50 mil, just enough to be reckless and still retire. I’d never work again. Vacations 24/7.
Whatever I need for churnin passive income to be comfortable and do some travel til end of life
$1 Million.
Everything I’d be paying now, I’d be good for 15 whole years. By the time those 15 years end, I’d be in my 50s. But I’d have all of the time between now and then to like, develop skills that are of use to me.
Same. I could easily live off the interest as our bills are way lower than typical. Drop $600mo. off when the mortgage is paid in 7-years, then I’m really free.
50 million dollars, the ransom for
KelseyChelseaGrammerClinton in 1998.3 thoughts of school:
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Actually never working at all from my 30s onward, probably around 10 mil €.
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Quitting my job and getting into lazy investment to get a passive income, around 1.5 mil €.
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Playing into me being passively suicidal, if I loose my job and the number hits zero, I’m just killing myself. Technically that would also mean I don’t have to work again.
Number 3 is the most realistic one.
- Playing into me being passively suicidal, if I loose my job and the number hits zero, I’m just killing myself. Technically that would also mean I don’t have to work again.
Dude, if you really want to do that, don’t waste your life pointlessly: rob a few banks and give the money to charities, Luigi a few billionaires, and play cat-and-mouse with the cops until they find you, and then make sure they suicide you, not you.
Nah man. Finding your peace in a forest, surrounded by nature with nothing to your name, that’s where it’s at.
I agree. I live out in the sticks myself - not with nothing to my name, but I certainly haven’t saved anything for old age - and I have few needs. But this is not the thing OP was envisioning. And while I think it’s a terrible idea on its face, I just remarked that they could off themselves more productively if that’s what they really wish.
Please don’t. I mean, first, please don’t. But also think of the people who will be sent to search for you and will eventually find you. And finally, please don’t.
Technically that would also mean I don’t have to work again.
But if you are dead, you will never feel comfortable again. Technically that does not fulfill OP’s question. 😉
What is more comfortable than returning to the void from whence we’ve came?
Literally everything in existence is more comforting and simultaneously discomforting than the nonexistent void.
Comfort, as well as discomfort, are things not conceivable nor experienced in the void of nonexistence, since, y’know, they don’t exist (along with everything else).
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Impossible to answer with all this AI BS that’s about to implode & take down a significant chunk of the economy with it.
1 million. Getting 3% back on investments will give me $30,000 a year. That far more than what I currently make. Also, less laundry, less eating out, and not burning so much fuel commuting to work and home.
Don’t forget inflation. That 30K isn’t going to buy you much in twenty years.
The general rule is that you need to cover inflation plus what you want to withdraw. That way your income goes up as inflation does.
I’m retiring soon. That should add enough to cover inflation.
Wildly jealous. Enjoy!
put the money in a standard index fund. take $25k per million out first year. increase that dollar amount by 2.5 percent annually to account for inflation. should last indefinitely unless some moron in a white house blows up the country.
i retired at 35 and am now 60, i have nothing like what people say they need here. i have been investing since i was 19, i have a gf, a modest cottage in a small town in Australia, no debts and we travel thru SE Asia 8 months a year.
There’s people living on way less with really interesting lives out there who don’t work.
The late game is the problem for me, how do you’ll manage it?
He’s in Australia. Age pension plus healthcare.
manage what ? sorry I’m not sure i understand?
I think they mean once your age related issues catch up.
move to any country other than the US
Can still be hard.
Then that’s what the millions will solve.
3million used to be the “fuck you” money estimate, but it’s probably more like 12 now, so, 12million dollars.
1 mil at 6 percent is 60k very doable.
General rule of thumb based on historical studies is that you can safely withdraw more like 3-4% to have a safe portfolio. Though, you can cheat this if you’re able to find more work or drastically reduce spending during recessions.
Very true. I figure at that point costs would get reduced significantly as debt will be paid off.
