/biz/ - Business & Finance

>>19514946
5 million

exactly 800k in €.
with a yield of 4% per year and after taxes i will net about 2k per month which is more than enough

>>19514946
3 million for me

How much you spend annually x50

for me 1 million.

>>19514973
>yield of 4%
where?

>>19514962
This. I’d feel most comfortable with 5m even though I could probably make 1m minimum work

300k

>>19515807
dividends, crypto lending, rent

>>19515807
is this a srs question

>>19514946
$1.5 million after tax
That puts me at a permanent position of "fuck you"

>>19515807
junk bonds, risk on dividend stocks, real estate

ill die before retiring, fuck your sitting around & doing nothing

>>19517300
I didn't say I was sit around and do nothing.

>all these people saying 1 million
that’s only a decade of 100k salary

>>19517504

pls be bait

>>19517504
I think most people here plan to just spend 3-400k on a house with several acres in bumfuck nowhere, paying property tax and buying groceries with the rest when they say 1m to retire

>>19514946
It depends on where you live.

US: Probably 1.5 million is enough (withdrawal rate of 4 %) for a lower middle class retirement, if you are not living in a hyper expensive city

Social democratic welfare EU country: Probably 700k is enough for a lower middle class retirement.

See, I think 1mil is an outrageous amount still.
I could probably retire in my mid 20s with 400k in the bank and never have any worries.
I'd buy a cheap house in a small town and use the rest to make use of passive income streams.
I'd probably breed dogs, raise chickens and sell exotic peppers or some shit on the side just to have cash on hand and then just get a BitPay card to use on anything expensive I might need.

You people saying 1mil is make it territory are absolute fiends. Maybe if you weren't all so hedonistic, you wouldn't need an outrageous amount of money.
Why are you people considering purchasing ferraris and shit instead of just living a humble life? Planning to do these kinds of things will not get you the supposed necessary millions you need to retire...

Im never retiring, this is poorfag mentality

>>19514946
$1M and a ticket to BANGKOK

>>19517300
For most people retiring means abandoning the wagecuck life. No man will feel content sitting doing nothing, you'll be able to start your businesses and pursue hobbies.

>>19517969
Pretty much this. For the real Alpha's it's never enough.

This is a dumb question because the value of the dollar is in free fall.

You won’t be able to live off of 10 million for 20 years because it’s going to crash and burn and you won’t have any XRP!!

100k euro

Yearly Fixed deposit interest rates are 7.5% in India.
Have ~$550k invested.
So comfy.
Probably a few generations can retire off my crypto gains.

>>19517992
Don't even need that much in SEA

$15k/year is more than enough if you're frugal

>>19518091
>I'm retarded
This is why you exit fiat, newfag.

>>19517992
I've seen some of the girls in SEA..not great, way too dark

>>19514946
$500000 to retire at 65 in 2020

A bunker full of food and guns to retire at any time after 2043

>>19514946
I plan to suicide at 65. Party time until then, fren.

Fucking niggers ruined the thread. How is it dumping when it’s literally touching ATHs?
There will be a lot of salty sideline guys now that so many of us are gonna make it anons, don’t let them get to you. We already know this coin is unFUDable.

>>19517948
Yes, I completely agree with this. Even a $30k passive income per year would be enough to live on and produce other passive income streams.

>>19517614
Exactly, thats the good life.

If all you want to do is “retire” sit at home and try not to spend any money for the rest of your life then you’d probably be better not retiring.

For me, it’s 10M - that gives me all the options I need to live a life without worrying about what I’m spending or worry about “frugality”. But I worry that if I got close to 10M I’d then think I’d need 20M.

>>19518304
See, I could do it with around 15k-20k passive per year and create another small revenue system as a hobby and be perfectly fine.
Besides, all we need to do is take gains from this year and apply them to the next cycle and we'd be fine.
While the $1000 LINK meme is indeed a meme, I wouldn't be incredibly surprised if 2025 saw it get that high.
If that's the case, that puts my passive income much higher by that time.

I have no issue at all living a humble life for the next five years until I have genuine fuck you money.
It seems like quite a lot forget that there's another altseason run coming in about five years whether or not this cycle has truly started yet...

At least $5 mil

>>19514946
Adjusted for future inflation probably $20-30MM

>>19517948
That's all well and fine if you're planning on just being a fucking hermit instead of putting down roots and raising a family

>>19514946
a...your age
e...life expectancy for your demographic
b...budget you need per year measured in gold, 5 year average price


You need
> (e-a)*b*1.1
USD in gold. IMO, you can ignore inflation rate of gold, which is about 1.8% p.a., because the economic output usually also grows at about that rate, maybe a little more.

Let's say you are 30 years old and you're expected to live to 85. You currently need $3000 per month, which is $36k per year. The average gold price per ounce for the last 5 years is, I'm eyeballing this, around $1150, that's 31.3 ounces. Make it 32.

You need 32*55*1.1 (10% for good measure, maybe you're very healthy) ounces of gold, that's 1936 or $3.3M at current prices.

how do i tell my dad im gay without him kicking me out?

>>19518547
Become a trap, scientists have discovered conclusively that traps aren't gay.

1 million€ and i'm a king

>>19515825
I have $300k in Link and I feel poor let alone ready to retire

>>19518663
Lol, what are you going to do when link drops to .10?

this is all you need to know. Getting 1M dollars in 2-3 years is basically moving forward 20-30-40 years.

>>19518491
see >>19518425
First off, I don't see myself having kids before 2025, when the next cycle hits. I don't see myself not being a humble hermit until then at least.

Next, If I have passive income of about 30k from my crypto and raise dogs and earn something like 10-20k per year doing that, that's already 50k/yr. If I add chickens and weird agriculture, that's another 5k or so.
But let's say that's stagnant at just 50k/yr.

You're telling me that you couldn't make 50k/yr work with a couple of kids in a small city?

This isn't even me mentioning my PMs, which should be a couple hundred thousand, which I'll probably just save until I retire.

Again, I think you guys just all spend outrageous amounts of money.

>>19518753
If Link fails you wont get to live here >>19518346

>>19517300
I could not imagine being this much of a loser

>>19518814
poorfag mentality
imagine if these people invested starting in their early 20s

>>19518753
Nothing I guess

>>19514946
>>19517504
>>19517614
>>19518346
Retards who aren't living off the interest income when retired might as well get off /biz/

1million in current USD value = $40,000/ year if you can get a return of 4% after taxes and inflation year over year
When asking how much you'll need to retire, think of the bare minium you'll need to live life per month and then calculate how much you'll need in capital based off the interest you'll get at 2-4% after inflation/taxes

Approximately 100,000 Proton XPR if you buy today and hold for 2-3 years.
That's it senpai.

2m retire frugally, 10m to live the life

>>19519135
Yeah, that's if you don't know how to extract 10-15% ROI from good buys...

>>19514946
$300k to live off the interest in some Latin American shithole

>>19519135
This is why I say 2.5 million is all you'd ever need if you goal is leaving the rat race
That will yield you $50,000 a year at just 2% roi after taxes and inflation, which should be fairly easy to find
Any year you make more than the set amount you want to withdraw each year, like if you put your money in a more volatile instrument like stocks, you can set that aside for buying years which you make less than your average amount, and hence buy the dip and be able to grow your capital even after economic downturns + give just a bit of excitement to your boring retired life

>>19519276
>hurr just buy good investments
That's good enough to do when you're young, but you don't want to be retired, having already escaped wage slavery, only to risk a meaningful portion of your stacked capital on some stupid trade

I believe OP's question basically has to do with the minimum amount it would take to retire comfortably based on your situation, and hence what is the least amount of work you would need to do to not have to work again
Anything on top of that is superfluous, so maybe yes you could still work or still trade, but you would do well to have a nestegg to fall back on anyway

>>19515807
any index?

>tfw guaranteed pension at 55

>>19519426
My argument isn't "buy good investments", it's "learn to extract that passive income intelligently".
See ONE ROI
See XSN ROI (Masternodes) and see how they use Lightning.
What is BitPay?
What services allow you to exchange crypto for PMs?
When will we see POTUS audit the FED? What happens to fiat after that?
What changes led to JFK's inevitable demise? Was it politically-inspired, or were there other reasons for him to garner enemies?

It must be hard being this new.

>>19519543

>Guaranteed
>Pension