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Forum » Once i have 250k can i retire?
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Thread: Once i have 250k can i retire?

post 1615313611 09-01-2020, 07:17 PM
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Once i have 250k can i retire?

invest it in a mutual fund at 8%, 3% inflation, get 12.5k a year for food and rent?

work for like 4-5 years and retire sounds good 2 me
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post 1615313871 09-01-2020, 07:21 PM
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250 is like 25 days of work lol. tht doesnt even pay for the vacation homes monthly
See user title srs
post 1615314601 09-01-2020, 07:31 PM
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Originally Posted By GlassMoon⏩
250 is like 25 days of work lol. tht doesnt even pay for the vacation homes monthly
oh lol ceo/10k a day funny
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post 1615314651 09-01-2020, 07:32 PM
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Originally Posted By GlassMoon⏩
250 is like 25 days of work lol. tht doesnt even pay for the vacation homes monthly
how much money liquid do you need to retire??
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post 1615314751 09-01-2020, 07:33 PM
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Can't retire unless you have 350k. how do *******s not know this chit?
post 1615314761 09-01-2020, 07:33 PM
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Nah. You need about $7 million saved in your account before you can comfortably retire.
post 1615314811 09-01-2020, 07:33 PM
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yeah in Zimbabwe
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post 1615315141 09-01-2020, 07:37 PM
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How did I know OP had a aug 2020 join date.
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post 1615315261 09-01-2020, 07:38 PM
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Originally Posted By bannedjpg⏩
invest it in a mutual fund at 8%, 3% inflation, get 12.5k a year for food and rent?

work for like 4-5 years and retire sounds good 2 me
Work until retirement. All you need is another good stock market crash, which seems to be a planned thing every election cycle, and kiss your early retirement goodbye.
post 1615315361 09-01-2020, 07:38 PM
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Originally Posted By multiplemiggs⏩
How did I know OP had a aug 2020 join date.
umm cuz ur rly smart and cool
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post 1615315471 09-01-2020, 07:40 PM
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Wait how do u live on $1000 a month (food AND rent)? What kind of poverty place are you renting.
post 1615315581 09-01-2020, 07:42 PM
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Originally Posted By cptamerica59⏩
Work until retirement. All you need is another good stock market crash, which seems to be a planned thing every election cycle, and kiss your early retirement goodbye.
No. Keep cash on hand for at least 3-4 years of spending or get a part time gig, then you don't dip into your brokerage or IRA account.
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post 1615315601 09-01-2020, 07:42 PM
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Sounds like just enough rotting funds to me
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post 1615315861 09-01-2020, 07:45 PM
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Originally Posted By ontclone⏩
how much money liquid do you need to retire??
$5m usd
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post 1615316591 09-01-2020, 07:55 PM
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Originally Posted By iamdetermined⏩
$5m usd
damm, i think that is possible by age 45
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post 1615316741 09-01-2020, 07:57 PM
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first, don't assume you're gonna get 8%/yr in this environment. No-one has that in their projections. You need 25-30x your annual expenses invested to maximize your chances of the money lasting to end of life. If you're looking to retire extremely young, I'd be looking at the high end of that range. Also, that 3-4% that you can safely withdraw isn't the same every year. Markets down 30-40%? So is the amount you can pull out that year. Also lol at 12.5k/yr. Surely a troll. Couldn't imagine any less than 50k and that's not a great life even in a LCOL area.

Also,

Age: 50

Just lol
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post 1615317141 09-01-2020, 08:03 PM
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Yes. Once I save up enough I'm moving to a cheap city in the Midwest and living cheaply. And maybe get a part time job. I'm done with the rat race and the race to the bottom.
I hate capitalism srs
post 1615319441 09-01-2020, 08:29 PM
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Originally Posted By incredibrah⏩
first, don't assume you're gonna get 8%/yr in this environment. No-one has that in their projections. You need 25-30x your annual expenses invested to maximize your chances of the money lasting to end of life. If you're looking to retire extremely young, I'd be looking at the high end of that range. Also, that 3-4% that you can safely withdraw isn't the same every year. Markets down 30-40%? So is the amount you can pull out that year. Also lol at 12.5k/yr. Surely a troll. Couldn't imagine any less than 50k and that's not a great life even in a LCOL area.

Also,

Age: 50

Just lol
7-8% is very conservative depending on the stocks/funds you're in is in the bottom 10% of a monte carlo simulation. 9% is expected if you know what you're doing.
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post 1615319731 09-01-2020, 08:31 PM
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post 1615319891 09-01-2020, 08:33 PM
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If you moved to the Phillippines or somewhere where rent is $300/mo, I bet you could make it work.
post 1615320391 09-01-2020, 08:39 PM
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Originally Posted By _zman⏩
7-8% is very conservative depending on the stocks/funds you're in is in the bottom 10% of a monte carlo simulation. 9% is expected if you know what you're doing.
or you could just put it all in crypto and 10x your money..... What peasant only tries to get a 9% return
post 1615320401 09-01-2020, 08:39 PM
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Originally Posted By ReadyToLift2019⏩
I run my projections at 8%, 10% and at 12% (12% being very hopeful expectations I know). I’ve averaged well over 12% since 2015 but that’s not a very large window/timeframe and expect closer to 8% for a say 30 year span
I planned for 7% for a long time, but a monte carlo simulation on more aggressive funds will get you there sooner. Plenty of funds like mega caps, healthcare, and even some small caps should get you more than 7% over 30 years, actually it's been more like 12-14% with those, but that's why I diversify since this run up might not last 30 years.
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