/biz/ - Business & Finance

at least 9 figures if you want to beat daily inflation

>>58286349
i just want tendies

10 mio plus

If you are calculating in fiat currency, you have already lost. You don't have the money printer, and those that do will use it to fuck you and put your 72 year old ass back in the wage cage.

$500k

>>58286349
Depends on what you want to do and where you want to live. Having or not having a family with different numbers of children play exponential roles.

>>58286349
Your jeet dev who holds 30% of the purse will retire if you just invest another $1000

>>58286349
At this point, like $2 million. Tax in all its forms is going to eat a huge portion of what you make on it, then you need to deal with inflation. There’s also scaling expenses such as healthcare and the need for a CPA and legal team. $2 million sort of allows you take a lot of the above in stride. It’s the minimum in my opinion.

Argentina is virtually 1st world in services/quality of life. It will feel 1st world in the better parts. And you can retire there with like $300k, withdrawing $15k or so per year.

>>58286349
2.5 million at minimum.

REALISTICALLY:

To retire and live as a normal adult, you can still do so with ~2,000,000 in a larger area comfortably. By comfortably, I mean living like you would as if you had a job and needed to budget, e.g. you are going on a single vacation a year, you are eating out every so often but not consistently, you are waiting a few years to buy a car. Doing so you will be able to live happily without working. To retire and live extravagantly, you need at least 8 figures.

>>58287732
>>58287839

Where are you getting this from? $2M? At 4% per year that's $80k, with a lower tax burden since it's LTR capital gains. You wouldn't need to save any of it so it's pure spending money. You could do the same with $1M in a cheaper 1st world country.

>>58287553
Yeah bro have your retirement in shitcoins.

>>58287865
$80k is going to have to be spent for living expenses, in a first-world nation living in a larger city that is not going to be cost of living but it's going to be close enough that you have to budget, it's not extravagant by any stretch unless you consider the average worker in San Diego living in a 2-bedroom apartment living extravagantly.

>>58287874
Where did I say shitcoins? Certainly Bitcoin, but also hard assets and index fund ETFs in a broad portfolio.

>>58287896

There are like 3 1st world countries on planet Earth that one would claim an $80k income (on 0-15% long term capital gains) is necessary to live comfortably. In the US alone there are many great/decent areas where you only need half of that. Please don't ever mention California in this discussion again that might be one of the worst pockets on Earth to pick for early retirement, it is ready made to ruin people on fixed incomes.

Let me put it a different way, with LTR capital gains taxes, you are paying 0% up to $45k. So that is like saying $45k NET income, not gross, the equivalent of about $65k gross. And you wouldn't need to budget a single dime for savings/investments so it's all sheer buying power.

>>58286349
1m is enough if you aren't a retard
>t. 500k nw retired in a 2nd world country

>>58288171
California is what people are thinking of when they are discussing these kinds of countries. California, Florida, New York, etc. And they are thinking of the larger cities. Miami, San Diego, LA, New York City, etc.

>>58288400

... no? The 1st world is a very large and diverse area. You are naming some of the least affordable pockets of planet Earth who aren't even highest in quality of life. These places are full of trash and crime and you overpay 4x for the "luxury", it might make sense for a working person but it makes no sense at all if you're retiring.

>>58286349
10 millions
Just 2 right now w/AGRS, now looking for something new

>>58288437
thats a lot anon, retire now

>>58288416
They're the most desirable places to live, that's why they're the most expensive. If you're older and actually retiring retiring, then yes they're not the greatest bang for your buck. If you're younger, they're desirable, and on /biz/ when someone is talking about retiring they're a 25-year-old asking how much they need to stack to not have to work a real job. That's just the reality of it

>>58286349
I plan on doing it with $5 million. I'm almost halfway there. But I'm also highly tempted to relax now in Thailand or something.

>>58288565

Moving to a heavily price inflated, income driven mega city is the worst decision you could make if you're trying to retire early and live a good life. Idk how that isn't obvious. These aren't the only interesting places out there, you might be an NPC if you think so. Get creative and dig a bit deeper.

>>58288135
You mean like the vast majority of people with a retirement have been doing for the last 70+ years?

>>58288582
I'm not someone else, those areas are just the most desirable to live for most people. I didn't say they are the most interesting places out there, I said they're the most desirable to most people, that is patently obvious. I don't know why you're arguing about this so strenuously like I personally would retire in these areas or expecting me to argue with you about how great they are. You sound like you have a chip on your shoulder for these areas.

>>58286349
$10 million, minimum

People act like you actually have to retire in NY or California when that's not even particularly fun.

Retire in a calm US state or southern yurop or even thailand if you're gay, and then spend some more for two months living in NY, or some more for four months living in London, whatever
That's way more fun anyway, living in these places nonstop becomes exhausting. I know many people that have lived in them and they all sound fucking depressed all the time while i'm just visiting every now and then enjoying the upsides and none of the downsides

>>58288205
You need 10m minimum to get a girl like that in a 1st world country.

>>58286349
I think $4 million after tax if you want to live a frugal life

500k to 1mil for a house

3mil invest for frugal regular income

>>58288643

I sound like I'm looking for the ideal place to retire in the 1st world, which isn't the most overly expensive corners of the 1st world. Do you have the slightest sense for cost/benefit analysis? Lmfao

>>58288756
4% rule on 3 mil is 120k a year. Middle to upper class wage every year passive is frugal to you?

>>58288793
And think too -- no social security or medicare taxes on investment income, and much of it will probably be long term capital gains too. So $120k in investment income is actually a lot more than $120k of wagie income.

Most people here are right. Something like $2-5M for a simple life depending on your area and what exactly what kind of lifestyle you want.

If you want to ball out / not even think about money at all then you need 8 figures.

I think for most people $2-$5 is fine. If you are already used to living poor anyways then just do what you're doing now but don't have to work. That is already infinitely better, no?

>>58288861
For real. You could even go 2 or 3 % rule at that and just compound another $40-60k back into investments for a few years.

>>58288861

As I mentioned earlier it's more like net pay when you consider the low tax burden and no need for a savings budget since that's done. $120k is more like $155k gross.

>>58287717
2 million liquid or net worth? When I hear people call themselves millionaires and include their house I don’t think that has the same weight as being in liquid assets. I think of it that way as you’ll need somewhere to live even in retirement, but you’ll also still need an income. I guess you could always sell and downsize to capture some of that equity as liquidity. Either way, 2 million liquid seems reasonable to have liquid to retire. You’ll still have a really modest life though depending on how old you are now.

>>58288793
Idk I just feel like you probably end up pulling in less than that. I'm not super financially literate but an anon broke down for me one time how much you'd need to invest for a relatively safe $50k a year, and it was something like 2.5 million based on his math

Also I'm going on the assumption of living in places with a higher cost of living. if someone wants to live in Alabama or a third-world country, then I can see it being less

I make 50k a year and its super frugal living for me

>>58286349
2 million invested so net you enough cashflow to live a comfy neet middle class life style

>>58288793
>>58289081

Found his comment, yeah I got it wrong and you're right. He was saying you can do a safe withdrawal rate of 3.5% on 1.7mil invested for a return of 60k a year, so yeah, maybe I'd lower the make-it amount to 3 million after tax based off that

>>58288738
Pussy just isn't worth that much.

2 million is enough for me. I don't need a Lambo, McMansion, first class flights, 5 star hotels etc. to be happy. Just need to cover my basic necessities and have some money leftover for travel and a little bit of luxury

>>58286349
It doesn't really matter, your savings are getting robbed by the feds every single year
Look at Truflation chart about accumulated inflation since 2020, they robbed you 25% of your savings in inflation and you'll be happy

I FUCKING LOVE THE US DOLLAR I FUCKING LOVE THE US DOLLAR I FUCKING LOVE THE US DOLLAR I FUCKING LOVE THE US DOLLAR
>I FUCKING LOVE THE US DOLLAR I FUCKING LOVE THE US DOLLAR I FUCKING LOVE THE US DOLLAR I FUCKING LOVE THE US DOLLAR

>>58286349
>How much money do you need to retire in a 1st world country?
>money
>people responding w/ fiat currency answers
367.2 Troy ounces of silver is the correct answer.