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How much money would you need to retire today (srs)
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08-21-2023, 07:05 AM
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#1
- MosqueDave
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- MosqueDave
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How much money would you need to retire today (srs)
How much money for you to retire today
08-21-2023, 07:06 AM
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#2
08-21-2023, 07:07 AM
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#3
- MosqueDave
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Originally Posted By TokenV⏩
Damn, I was going to write the first response a checkmore than you can afford pal
08-21-2023, 07:08 AM
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#4
- bfdehewdbyywhn
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- bfdehewdbyywhn
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10 mill+ if under age 35
5 mill+ if 50s
2 mill if over age 60
----------------------------------------
cliffs
most americans will never retire
5 mill+ if 50s
2 mill if over age 60
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cliffs
most americans will never retire
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08-21-2023, 07:09 AM
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#5
- MosqueDave
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Originally Posted By bfdehewdbyywhn⏩
Fuark10 mill+ if under age 35
5 mill+ if 50s
2 mill if over age 60
----------------------------------------
cliffs
most americans will never retire
5 mill+ if 50s
2 mill if over age 60
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cliffs
most americans will never retire
08-21-2023, 07:12 AM
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#6
08-21-2023, 07:13 AM
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#7
- HispanicDredz
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- HispanicDredz
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Originally Posted By bfdehewdbyywhn⏩
Just lol at these numbers. I don't even get out of bed for less than a cool 350mil. Just L.O.Fukn.L10 mill+ if under age 35
5 mill+ if 50s
2 mill if over age 60
----------------------------------------
cliffs
most americans will never retire
5 mill+ if 50s
2 mill if over age 60
----------------------------------------
cliffs
most americans will never retire
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08-21-2023, 07:14 AM
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#8
- MosqueDave
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Originally Posted By seeker477⏩
I agree with the under 35 needing 10 mil assuming you have minimal assetsThis pretty much sums up reality
if you're 50+ though you'd prob need 1 mill because i'm assuming you've already paid off enough chit by that point unless you're financially retarded. plus ss benefits
08-21-2023, 07:17 AM
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#9
- bfdehewdbyywhn
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- bfdehewdbyywhn
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Originally Posted By seeker477⏩
the key to retirement in the modern age is to get a passive income stream (must be stable)This pretty much sums up reality
or retire in a lower cost of living country (most miscers are young so this may not be an option in 20+ years)
or get a low stress job you truly enjoy so life isnt so shtt
HTC is too skinny for me. Fat Girls only crew. serious
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08-21-2023, 07:20 AM
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#10
- bfdehewdbyywhn
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- bfdehewdbyywhn
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Originally Posted By MosqueDave⏩
inflation is why I put those numbersI agree with the under 35 needing 10 mil assuming you have minimal assets
if you're 50+ though you'd prob need 1 mill because i'm assuming you've already paid off enough chit by that point unless you're financially retarded. plus ss benefits
if you're 50+ though you'd prob need 1 mill because i'm assuming you've already paid off enough chit by that point unless you're financially retarded. plus ss benefits
many 50-60 year old retiring now are getting hit by the reality that they didnt save enough
covid, wars, financial system crash can 2x 3x 4x the cost of living within a few years. plus zoomers are spending 200k for their education and $50k on a car lmaoo
HTC is too skinny for me. Fat Girls only crew. serious
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08-21-2023, 07:24 AM
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#11
- MosqueDave
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- MosqueDave
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Originally Posted By bfdehewdbyywhn⏩
Yeah at this rate of inflation for sure we'd all be fuked if it continued year after year but historically things will stabilize after some timeinflation is why I put those numbers
many 50-60 year old retiring now are getting hit by the reality that they didnt save enough
covid, wars, financial system crash can 2x 3x 4x the cost of living within a few years
many 50-60 year old retiring now are getting hit by the reality that they didnt save enough
covid, wars, financial system crash can 2x 3x 4x the cost of living within a few years
08-21-2023, 07:31 AM
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#12
08-21-2023, 07:35 AM
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#13
08-21-2023, 07:37 AM
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#14
- MosqueDave
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Originally Posted By Dan_S⏩
How much would you have to lose to unretire and how much would you need to re-retire againHow can I retire today when I retired almost 2 years ago already?
Originally Posted By Destor⏩
BasedI would need like $50million to even consider it right now tbh
At least that much to combat 50 years of boredom
At least that much to combat 50 years of boredom
08-21-2023, 07:37 AM
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#15
08-21-2023, 07:37 AM
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#16
- MarinoMike
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- MarinoMike
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$5 milly
Would invest all in 1 month treasury and just roll it every month
Would invest all in 1 month treasury and just roll it every month
6'5 220
i can bench press 135 pounds on a good day
08-21-2023, 07:42 AM
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#17
- ThaNextLevel
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- ThaNextLevel
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bout 350$ a month
rent is 200 and 100 for food, 50$ for smokes and brew
rent is 200 and 100 for food, 50$ for smokes and brew
08-21-2023, 07:58 AM
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#18
- Dan_S
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Originally Posted By MosqueDave⏩
Probably more about the amount over a time period, and not just the amount.How much would you have to lose to unretire and how much would you need to re-retire again
We took a 20% haircut at the very start of retirement (retired Nov '21, markets crashed within 6 months). But it's mostly recovered.
If we ended up taking a 20-30% drop and it was extended over 4 or 5 years, that might do it.
It'd take a lot to make me go back to full time work ever again though. Just the thought of having to wake up every morning to show up on someone else's schedule sounds terrible. I feel like I barely have enough time to do anything and that's with zero commitments. I don't even know how I used to accomplish chores with 40 hours cut out for someone else.
08-21-2023, 08:02 AM
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#19
- MosqueDave
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Originally Posted By Procta⏩
Damnneed about walmart greeter much to retire
Originally Posted By MarinoMike⏩
Based$5 milly
Would invest all in 1 month treasury and just roll it every month
Would invest all in 1 month treasury and just roll it every month
Originally Posted By Dan_S⏩
Fuark mirin srs. you made it out of the rat raceProbably more about the amount over a time period, and not just the amount.
We took a 20% haircut at the very start of retirement (retired Nov '21, markets crashed within 6 months). But it's mostly recovered.
If we ended up taking a 20-30% drop and it was extended over 4 or 5 years, that might do it.
It'd take a lot to make me go back to full time work ever again though. Just the thought of having to wake up every morning to show up on someone else's schedule sounds terrible. I feel like I barely have enough time to do anything and that's with zero commitments. I don't even know how I used to accomplish chores with 40 hours cut out for someone else.
We took a 20% haircut at the very start of retirement (retired Nov '21, markets crashed within 6 months). But it's mostly recovered.
If we ended up taking a 20-30% drop and it was extended over 4 or 5 years, that might do it.
It'd take a lot to make me go back to full time work ever again though. Just the thought of having to wake up every morning to show up on someone else's schedule sounds terrible. I feel like I barely have enough time to do anything and that's with zero commitments. I don't even know how I used to accomplish chores with 40 hours cut out for someone else.
08-21-2023, 08:06 AM
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#20
- MikeLowrrrey
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Depends. How much would $1 million bring in? That's all I'd need. Don't need luxury. Don't need sports cars.
Ideally $2 million, maybe $3 million.
Ideally $2 million, maybe $3 million.
08-21-2023, 08:25 AM
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#21
08-21-2023, 08:36 AM
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#22
- MosqueDave
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Originally Posted By MikeLowrrrey⏩
It depends if you want to live like a minimalist for the rest of your life or be comfortably retiredDepends. How much would $1 million bring in? That's all I'd need. Don't need luxury. Don't need sports cars.
Ideally $2 million, maybe $3 million.
Ideally $2 million, maybe $3 million.
1 mil won't last a lifetime
Originally Posted By ymer⏩
InterestingHave been thinking about that lately. But you can't put a number in cash because nothing is stable anymore and inflation is crazy.
Today I would say 3.5 million invested in rentals to live just comfortably me and my dependents, granted that me or my dependents don't pay rent , that means low-mid class level with already paid off cars that only require maintenance and you can trade in for another basic used car later on.
Today I would say 3.5 million invested in rentals to live just comfortably me and my dependents, granted that me or my dependents don't pay rent , that means low-mid class level with already paid off cars that only require maintenance and you can trade in for another basic used car later on.
08-21-2023, 08:53 AM
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#23
- BrooksKoepka
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$80000
08-21-2023, 08:56 AM
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#24
- Redfish225
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- Redfish225
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In on misc millionaires thread
I’d need about 350k a day in retirement
I’d need about 350k a day in retirement
I loe e.
08-21-2023, 09:25 AM
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#25
- usersignup2
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problem is most people, let alone miscers know anything about investing. Therefore, they need a much bigger nestegg to retire. Not only that, most people think they are going to have an extravagant lifestyle - one much different than they currently have. I always find that amusing. Like...f@cker you live a boring ass life now. What makes you think that will change when you retire? Why, because you have more free time? You don't even value the time you have now, when you have next to no time and you think that will change later? Lol
if I had to do it again, I'd need only about 300K. It would be a bit touch and go for the first year but completely doable.
if I had to do it again, I'd need only about 300K. It would be a bit touch and go for the first year but completely doable.
08-21-2023, 09:27 AM
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#26
- MosqueDave
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Originally Posted By usersignup2⏩
300k? are you expecting to live for less than 10 years? srsproblem is most people, let alone miscers know anything about investing. Therefore, they need a much bigger nestegg to retire. Not only that, most people think they are going to have an extravagant lifestyle - one much different than they currently have. I always find that amusing. Like...f@cker you live a boring ass life now. What makes you think that will change when you retire? Why, because you have more free time? You don't even value the time you have now, when you have next to no time and you think that will change later? Lol
if I had to do it again, I'd need only about 300K. It would be a bit touch and go for the first year but completely doable.
if I had to do it again, I'd need only about 300K. It would be a bit touch and go for the first year but completely doable.
08-21-2023, 09:36 AM
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#27
- LinuxJon
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Originally Posted By bfdehewdbyywhn⏩
It this a joke? At $3m with a 5% return, you'd be earning $150k per year. Live on $100k and adjust the withdrawals to index for inflation and you literally have an endless income.10 mill+ if under age 35
5 mill+ if 50s
2 mill if over age 60
----------------------------------------
cliffs
most americans will never retire
5 mill+ if 50s
2 mill if over age 60
----------------------------------------
cliffs
most americans will never retire
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08-21-2023, 09:39 AM
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#28
- usersignup2
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Originally Posted By MosqueDave⏩
I know how to make money plus I'm not trapped by consumerism nor stuck with living in north america300k? are you expecting to live for less than 10 years? srs
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