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/biz/ - Business & Finance

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29784458 No.29784458 [Reply] [Original]

how much money do you need to retire tomorrow and why?

>> No.29784568

>>29784458
2 mil, comfortably. I don't need much and I can live off gains.

>> No.29784698

Half a billion, anything less than that and you will live like a middle class neet

>> No.29784746

>>29784458
I don't need much since I'm a neet who doesn't even pay bills. 500k will be enough to never work again.

>> No.29784833

>>29784746
Does your mom need another free roommate?

>> No.29784874

>>29784833
Only if you're a girl.

>> No.29784914
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29784914

>>29784458
10mill, should be able to make 100k/year at least from interest.

>> No.29785169

>>29784458
If I had $1,000,000 I would retire today. I think I could easily live off of $20k a year and that is 2%.

>> No.29785175
File: 27 KB, 119x107, Screenshot from 2021-02-26 21-38-12.png [View same] [iqdb] [saucenao] [google]
29785175

look at the nigger trying to steal the good dragon's treasure. beware niggers when acoomilating

>> No.29785207

MORE!!!
That is correct answer

>> No.29785279

>>29784458
I've been living comfortably on half of my salary for years now (no wife, no kids), so I'm sure my frugal self would manage just fine with $1.3 million total.

To retire tomorrow, I'd need about 2.1 million, I think.

>> No.29785318
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29785318

>>29784914
> 1%
I hope so...

>> No.29785496

5mil. I could survive on less, but I wouldn't be willing to retire forever for less. My ambitions are greater than abandoning civilization for a cabin in the woods.

>> No.29785516

>>29785318
Yeah, just saying if the economy completely goes in the shitter I would still be fine.

>> No.29785519

Not much. Maybe just 1 million. I have free healthcare for life and get $1500 a month that i could push to $3500 if i complained enough. Live in one of the poorest shittiest states in the country. I'm a disabled vet, thank you israel!!!!!

>> No.29785594

If you are single and just want to live a modest lifestyle without working: 2mil

If you are single and want to live a fancy lifestyle with lots of fine dining, fancy cars, and lots of vacations: 5mil

If you have a wife and kids, multiple the numbers above by 2. This is the make it amount for most Americans (unlucky if Cali). Other parts of the world can be much lower numbers.

>> No.29787026

>>29784458
150k comfy 300k if I want to live like a king who can afford expensive shit like RTX3080s and Focal Utopia every 3 months.

>> No.29787139

>>29784458
500k with a reasonable return of 3% per year makes 15k per months, which is more than enough to live like a prince in the third world.

>> No.29787242

>>29784458
>money
lol, it's 2021

>> No.29787289

>>29784458
10 million to make it

>> No.29787373

>>29785318
well it would be more than that. you also need to beat inflation with your gains. so you need to make at least 4% each year, since you'll also get taxed on those gains.

>> No.29787375

>>29787139
500k gives you 1250 per month at 3% a year

>> No.29787410

>>29785594

Accurate.

>> No.29787577
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29787577

>>29787373
in my fantasy, there are no taxes. but if you want to bring reality into it, then yeah, you're right. And don't forget how expensive health insurance is as you get older.

>> No.29787892

>>29787026
Where do you live exactly and how old are you?

$300k would probably only last maybe 5-6 years.

Average salary in a city is about $60,000 to $75,000 a year for a family.

>> No.29788140

>>29787577
>expensive health insurance
>a nordic country

Does not compute.