[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 59 KB, 464x450, 1404347886773.png [View same] [iqdb] [saucenao] [google]
426410 No.426410 [Reply] [Original]

How much money would you need to live comfortably for the rest of your life?

>> No.426427

Since living comfortably for me is fairly cheap, around $1m. I figure 8% average market returns, and I only need 4% of $1m to live per year. The other 4% would be re-invested and help with the inevitable inflation that will diminish my purchasing power.

>> No.426429

>>426410

A great house, a great car + U$100.000 per year for the rest of my life, adjusted for inflation.

I'm 22, so assuming I will live up to 85, I guess that would sum up to 2 million + 100k for a BMW SVU + 6,3 million.

Final answer: $8,4 mil

>> No.426438

Armory- $500,000
Compound- $2 Mil
Vats of Kool-Aid- $200
Cyanide- ?
Cultists- Priceless

Let's round it up to 3 or 4 million. Not sure I'll need it that long anyways.

>> No.426440

>>426410
Around 8.2m invested to bring a desirable passive income in my eyes.

Per year a meager $150k, but again that needs to be nearly completely passive for me to live comfortably.

>> No.426451

ive always asked myself teh same question
dunno how long im gona live but assuming a decent lifestyle bout 300-400k per year

>> No.426460

>>426440
>8.2m

5% will earn you 400k a year

the fuck are you retarded?

>> No.426463

This thread requires you post how old you are and whether or not you've had at least one real job in your life.

>> No.426469

>>426460
>>426460
>not overestimating for the sake of it being the rest of your life

lmao stay pleb

>> No.426506

Live off the land and you'll need $0.00

>> No.426517

30k USD. To buy a flat on Ukraine and rent it for 200-300 dollars.

>> No.426525

>>426517
this guy gets it.
As for me, comfortably? growing up my parents afforded to live comfortably with 3 kids and a grandma in the same house for combined 40k a year. Living the dream however would require about 10 mil.

>> No.426528

Pay off a nice house and a car for me and I could probably live off 50k a year for the rest of my life.

>> No.426773
File: 10 KB, 319x181, wall-street-gordon-gekko-and-bud-fox.jpg [View same] [iqdb] [saucenao] [google]
426773

You want to live comfortably or do you want to be a player OP?

>> No.426802

>>426410
Enough to pay my dad $200 a month to live downstairs, $400 a month when he realizes I'm not getting a job, $600 a month when he realizes I was the only chance he had at grandkids because my sisters hate men and are "career oriented" and then however much else to finish paying off the mortgage when my parents die.

So let's call it less than $100 000

>> No.426845

>>426802

>literally living in your parents basement until you die

Wow dude...

>> No.427404

$50k a year for 100 years ~ $5 million.

My dream life is staying home doing nothing but eating, lifting, reading, and playing MMOs.

>> No.427433

>>427404

Are you me? Only difference I would only need like 10k per year. You need not more for a really great NEET lifestyle. 50k per year nigga? You will never even spend that much money in your dream life.

>> No.427538

>>426410
25k x years you plan to live + own a house without a mortgage + own a car with no payments due.

That will support a family of 4.

>> No.427540

>>426410
$3,744,000.

>> No.427564

>>427538
>25k will support a family of 4
Nigger what

>> No.427572
File: 50 KB, 400x400, 39198_1571854573776_1157872547_31663366_5779158_n_400x400.jpg [View same] [iqdb] [saucenao] [google]
427572

>>427433
Why not shoot for 50k instead of 10k? All you have to do is find a better job. It doesn't even necessarily require more work. DREAM BIG

>> No.427583

2 million

>> No.427589

Probably a few hundred thousand. I never go outside and I would need money to cover the medical bills I'd inevitably incur from my unhealthy lifestyle.

>> No.427598

>>427564
Since you have no need to work, you can live in a neighborhood with low cost of living/utilities. You have no daily commuting expenses. Since you own a reliable car and will be driving so infrequently that you need gas once every 2 weeks, you're spending only $100/mo on gas and maybe $50 a year for oil changes, plus maybe $1k tops on car insurance.

You have no mortgage/rent. You will owe about $3-5k/year in property tax for a decent sized home.

You'll owe like $200/mo in utilities and another $50-75/mo for internet. If you must get cable, put only 1 box into the family room and everyone else gets free network TV off a digital antenna, which will bring that bill to $130/mo instead of $75/mo.

You'll have to buy food, if you do it right and don't buy a bunch of over-priced candy and junk food, you can keep it to about $750/mo.

Oh, and because you have a family of 4 and only have $25k of income, your income tax liability is practically 0% and you'll qualify for all sorts of Obamacare subsidies.

Do the math. $100 gas, $200 utilities, $130 cable/internet, $750 food, $420 property tax = $1600. Monthly pay @ $25k/year less SS/medicare tax is $1920/mo. You still have $300 left over to fuck away on miscellaneous like clothes for the kids every 6 months or saving for a family vacation or whatever.

It's amazing how much 'home ownership' and the 'suburban dream' eats away at paychecks by incurring 45 minute commutes and high taxes.

The challenge is paying off the home, but once you do you're home free.

>> No.427618

>>426451
>300k-400k
>decent

That's actually what most people call "fucking loaded".

>> No.427623

>>426427
8% is overly optimistic these days - try 6%

>> No.427629

>>426429
100000 in 60 years will be around 30000 after inflation

>> No.427633

>>426506
Government will tax you, gotta pay taxes for your land

>> No.427639

>>427633
For a while in Nevada you could buy Allodial Title to land from the state. You were exempt from ever paying taxes, as well as eminent domain. The state no longer had any claim to the land.

>> No.427641

>be 33
>be living in manhattan, nyc
>be single
>have a monthly housing cost of 2300 for a 1 bedroom
>spend 2600-2800 a month on food/going out/everything else, but still no traveling and other luxuries

That alone is about 60k in post tax money - which means having a job that pays >95k

To actually live the good life, about 200k before taxes a year with a yearly increase of 5% to adjust for inflation

>> No.427645

>>427641
> Living in Manhattan
> Hole-in-the-wall property
> Constant traffic and rat race
> Shitty weather
> Everwhere is crowded as fuck
> Fascist municipal laws
> A good life

Nope.

>> No.427682

>>427641

Bro why the hell are u living in the city? U can get a 1br for like 1.3k in Bronx/queens

>> No.427684

>>427645

So are you saying you wouldn't like to live in Manhattan? NYC is "where the things are happening" and Manhattan is the epicenter of all that. Manhattan is the richest place on earth, retard, the possibilites are endless and the lifestyle gain is infinite. You can experience and do anything in Manhattan and the people are extraordinary.

>Shitty weather

How? Nice warm summer, snowy winter, alright Fall and Spring.

>Everywhere is crowded as fuck

Do you hate people? Fuck you, mysanthrope.

>Fascist municipal laws

Have to agree though, taxes in NYC are high, but whatever. At least it's not like in Yurop.

>> No.427713

>>427684
its a literal slavers paradise
The rest of the world doesn't care about newyork, and no one else has looked at it since 9/11

unless the black and browns are setting fire to the place no one looks at NY shitty

>> No.427758

>>427682
>Bro why the hell are u living in the city? U can get a 1br for like 1.3k in Bronx/queens

The first rule about being rich is time > money. The one and a half hour subway round trip I save each work day is well worth the location premium.

>> No.427792

>>426410

Billions, 77.13 to be exact.

>> No.427797

10,000 more.

>> No.427800

I would like to be able to live off the interest of 5 million in investments. Interest being between 3-5%.

>> No.427803

>>426845
Until THEY die. Learn2Read

>> No.428068

>>427684
I would have liked to live in Manhattan when I was young, but not for $2600/mo to live in a 500 sq ft studio and not to pay $20 for every meal I eat. And it's only because I'd be able to walk or take a Subway to night life.

Now I have no desire to live there and it's blatantly obvious why people from NYC are polled as some of the least happy in the country. The person who said it's a 'slavers paradise' is spot on. The place is a giant rat race. People in NY work longer hours just to afford the basics of living and hope they'll hit the top, the top being a $200k+ salary. They go into credit card debt sipping on $12 lattes and eating $18 deli sandwiches while paying $2600/mo in rent for a tiny apartment and buying $250 designer jeans and $100 designer t-shirts to fit in with the crowd.

You speak of making $95k as if it's the minimum to sustaing a reasonable life. $95k is more than 80% of American HOUSEHOLDS earn in a year. With $95k, you could live like a king in a place that isn't infested with over-priced real-estate and high taxes to pay for broke people.

Additionally, rest assured that nothing is 'happening' in Manhattan that I'd like to be a part of. Unlike what people in NYC want to think, Manhattan is not the center of the universe and most people couldn't care less about your little over-populated island. It's also one of the most segregated, classist places in the U.S.

Seriously, fuck that place. You need to get out and force yourself to live somewhere else for 2 years. I guarantee you'll never want to go back.

>> No.428269

>>428068
>With $95k, you could live like a king in a place that isn't infested with over-priced real-estate and high taxes to pay for broke people.

Yeah, you would live like a king on 95k anywhere else, but you would not make that same pay anywhere else doing the same work. A 95k desk job will likely pay 45-55k.

Fact- I spent 3 years in middle of no where PA where things where cheap- dollar beers and 6 dollar pizzas, but you know what? It sucked- bars closed at midnight, and don't even hope about driving home because cops are everywhere(since they have nothing better to do than breathalyze you), which means spending 50 bucks can rides every weekend out.

You want a fresh sandwich? Get in a car
You want to visit some friends? Get in a car
You want to pick up some groceries? Get in a car
You want to pick up some groceries after 9pm!
Nope, stores closed, wait till tomorrow.

>> No.428277

I could sustain an entire lifetime of modest living and growth with about 800 thousand dollars. That would likely bleed over into a small inheritance for my future offspring. That includes a house, a vehicle, a start to a business, and a bit to accrue interest also known as "college fund".

>> No.428294

>>428269
> There are only two places to live: Rural America or Manhattan.
> People in Manhattan actually buy groceries and cook for themselves.
> Living in NYC automatically qualifies you to make double your salary.
> People shop for groceries at midnight.
> Grocery stores and liquor stores universally close at 9pm around the nation everywhere except NYC.
> It's not possible to live close to things you need or want to do anywhere else in America.

Wrong, bullshit, wrong, bullshit, wrong, wrong.

>> No.428418

>>428068
> the top being a $200k+

You're missing some zeroes. I resemble you remark, but I make 300k now and aspire to 7 figures. I don't want to live in the city forever, but it's a hell of a place to make your fortune if you're willing to work for a couple of decades.

>> No.428426

I'm 38 now. If I live until I am 70, I'd need around $1,152,000. That's assuming $3000/m is taken out with no return on assets. That would cover my current basic needs plus a little dosh to enjoy. If I get even a 1% return on that, I would damn near be able to get to 100 without running out of cash.

>> No.428478

i live pretty comfortably on 17k a year by not spending on stupid shit and not carrying debt

>> No.428501

>>428418
What's your job and qualifications?

>> No.428506

>>428269
Middle of nowhere PA sounds not too bad, incredibly backwards, but not too bad at all.

90's Scotland
>Shops all shut at 6pm, 4pm on Sundays
>Want to find something out? Library hours are limited massively
>Use the internet... Copper wiring is too shit for a connection to hold during heavy rain
>Make a mobile phone call... nope!
>Visit friends... good luck, there's snow moving in.

>> No.428565

>>426410
>implying I don't need to be making a million dollars bi-annually
What you think I'm going to be happy with anything less than a Ferrari/

>> No.429005

>>426460
>
>>426460
>haehehue 8.2m invested
>for a meager $150k

If i had an investor whose is being difficult to me to find, i would take 150k from him and invest it in my growlands here in south america (1500h<extension available) and profit 100k per year lasting this first invest 4 years of income 400k in just 100h of extension,do your maths.

so i would say ill need around 500k to start my 500k year income business for the rest of my life nigga in just 500h of my lands.
>fml need investors

>> No.429108

>>428501
Bump

>> No.429125

>>427623
S&P 10y return rate is 9%, buddy. and like 15% as a 5y return rate. 8% is fully feasable is he can manage some basic risk

>> No.429160

>>426410
Never actually thought about a goal on this before, so here we go:
£7 Million~ (maybe a few mil more or less) to build a huge dream house
£3 Million to invest? Should do the job.
£500,000 for a nice car, luxury shit and travelling
£1.5 Million to make sure my children are always well off and get a good education if I ever have them.
£2 million in property to rent out for a constant stable income.

Around £15 mil, that's what I need to live the dream.

>> No.429428

I think about this a lot these days, since I'm closer than most to finally retiring.

In the next 5 years, I'm hoping to get at least close to about 10k / month in real estate income. Given returns are generally in the high single-digits after taxes, vacancy, etc., that would mean about 1.5 M invested.

But I really don't think of it in terms of bulk cash. Instead, for me, it's more about number of rentals, if they're F&C, etc. Let's say $700 per month per door. That's 14 rentals. Each are about 100k. That's again about 1.4M.

So, my answer: definitely over 1M, up to 2M

>> No.430703

i think i'd need 5 million to do whatever i want, and have a family. but if all i wanted to do was neet it up, i could probably make it work with $600k.

>> No.430721

100k at a 5% return rate. It's my goal for now, once I reach it I will retire.

>> No.430732

>>430721
You can live on $5000 / year? That's just over $400 / month before taxes. You must have another income source.

>> No.430734
File: 659 KB, 770x770, BACKGROUND-20877-10609758-7.jpg [View same] [iqdb] [saucenao] [google]
430734

>>426410
Current annual rent (including utilities) = $6000
Current annual food budget (with scavenging) = $1000
Current annual fun budget (with alcohol) = $0
Let's assume I kick it where I am for another decade....

$70,000 = 10 years' expenses met

Assuming I get another half century, that's between a quarter and a third of a million.

So, let's assume inflation, et cetera.

Now, let's enhance my comfort level.

I might move somewhere cheaper....

For me to live comfortably for the rest of my life would only require about half a million dollars; if I got the entire $500,000 up front, I would be totes set for life, as I'd buy some cheap land, pre-pay all my taxes, build a nice little house with plenty of energy efficiency and longevity, install a thorium reactor, etc, etc... Heck, maybe just a really nice trailer or earthship would suffice.

Or a sailboat....

Yes, please send me half a million dollars, anon.

>> No.430746

>>430732

No, I really do live on 400 a month. Scandinavia = free healthcare, bad niggerstan part of town with monthly killings = low rent.

Sure if I had half a mil I'd buy land and build a house, but 100k is something I can actually reach, without being a wage slave for one day.

>> No.431636

>>426410

$1 or $2 million. At 5% in an ETF that's $50-100k a year. Easy.

Anybody who needs more than that is richfag scum.

>> No.431780

>>426410
why does the ubs guy have a rifle on his back? did I miss something?

>> No.432572

How about this? Buy this place http://monroe.craigslist.org/reo/4533709667.html

would probably cost about $5k a year to live there.

maybe i need to get out of america.

>> No.432873

>>426429
>BMW SUV
why why why why

>> No.432891

>>426410

$10m

>> No.432990

How much does a nice large farm and a hot wife cost?

>> No.433008
File: 161 KB, 500x365, switzerland.jpg [View same] [iqdb] [saucenao] [google]
433008

>>431780
die Schweizer

>> No.433098

>>432873
because he's an american with a job that is good but not good enough to pay for his stupid shit

>> No.433121

$100 million

>> No.433715

>>426410
I could live in the style that I currently live in with 300-400k.
I probably won't stop working til my mom dies and I inherit 2+m though.
All I really want is to be a hermit NEET.

>> No.433747

>>426845

my uncle is ~35 and still lives with my grandparents

>> No.433750

I could live my ideal life with 2.88 million dollars.

>> No.433751

>>429005
Give me your email-address.

>> No.433756

>>426410
I'm pretty sure I wouldn't feel comfortable no matter what position I'm in/how much money I have. I don't think I'd ever reach that moment of "well I guess I don't need anything more - I can be perfectly happy with what I have right now!".

>> No.434880

>>427433
>>427404
Thats really sad

>> No.434900

>>431636
Keep in mind that your capital gains tax is going to be pretty annoying for your returns. Something like 40%. 30-60k a year is an average income really but this would be presuming that you already own your own home and shit like that so maybe your monthly expenses wouldn't be so bad.

Not a bad living, but if you've already had the discipline to get up 1-2 million you're going to want, and deserve, a little better lifestyle. At the same time you've probably already conditioned yourself to the point where you don't need to take a vacation to Disney world every month so your kids or inheritors are going to use up all your hard earned cash.

>> No.434914

I'd want $2100 (seems more in dollars, but it's really not that much) a month, after taxes and re-investment to counter inflation/grow the money a little. With that money, I could easily live in a three-room (+hallway, bathroom and kitchen) rental apartment with my girlfriend.

>>426429
>BMW SUV
Why not a range rover, or something else that is actually practical and not an eye-sore?

>>426438
Don't worry about the costs, the CIA will pay for it. You'll just need to gather the cultists.

>>426845
>Get kids
>Expect not to care for them
Fuck you too, buddy. I sort of agree with your sentiment, but then again I think housing and feeding is something you'll just have to live with serving the kids for free, until they move out (maybe pay for utilities/any food out of the ordinary when they get older).

>>428269
>I live in the American Gardens Building on W. 81st Street on the 11th floor. My name is Patrick Bateman. I'm 27 years old. I believe in taking care of myself and a balanced diet and rigorous exercise routine. In the morning if my face is a little puffy I'll put on an ice pack while doing stomach crunches. I can do 1000 now. After I remove the ice pack I use a deep pore cleanser lotion. In the shower I use a water activated gel cleanser, then a honey almond body scrub, and on the face an exfoliating gel scrub. Then I apply an herb-mint facial mask which I leave on for 10 minutes while I prepare the rest of my routine. I always use an after shave lotion with little or no alcohol, because alcohol dries your face out and makes you look older. Then moisturizer, then an anti-aging eye balm followed by a final moisturizing protective lotion.

>>434900
(Not the guy)
$60k a year is enough. Capital gains here are 30% afaik. Minus any losses up to an amount, which means I can do some active trading as well and not actually lose anything (or at least only feel 30% of the loss after a certain amount).

>> No.435110

Why don't you just live outside of Manhattan?
I live in brooklyn, and it's much cheaper than Manhattan, and it's only 38 minutes away by train, and even less so by car.

>> No.435195

5K USD.

>fix my car and pay it off
>get an apartment in town and a P.O. box
>buy lab supplies and ingredients
>synthesize DMT
>sell it at half retail on Tor
>continue to accumulate
>get passport
>get shroom spores and more lab equipment from Canada or somewhere
>accumulation intensifies
>go to China
>buy rental properties
>outsource maintenance and shit
>eventually stop selling drugs because I'm a mogul

>> No.435337

Per month here in NYC:

1k rent
100 food expenses
200 water+electricity a month
100 metro card
50 gym membership
fuck health insurance
1k money to fuck around with

So about $2,500 a month, $18,000 a year? Definitely possible, as long as you don't spend like a dipshit and live a clean lifestyle (eating right, no drinking/drugs, don't spend too much on women)

>> No.435375

Assuming you can average 8% annual returns, 1mil. 4% of your return to your living expenses and the other 4% back into your investment portfolio.

>>426463
>21
>1 real job (currently)
>various bs retail/service things since 15
>tryna mayka dolla oudda fi'teen sints

>> No.435385

South West England
Rent+Bills: 500/month
Food, going out etc: £300/month

Unexpected problems / yearly holiday: £1000/year

£10,600 would fit. Although I earn £15,500 after taxes so stocks, shares, funds and bonds for me!

>> No.435453

>>426429
>BMW SUV
Why Anon?

>> No.435459

>>426410

Assuming I kill myself at 40. appox $360,000 USD

>> No.435466

Supposing there was 0% inflation for the rest of my life? Around 30k a year with a 300k lump sum for a nice house. so for 40 years that would be 1.2mil

>> No.435467

>>435466
*1.5mil

>> No.435468

>>434880

How is it sad if it makes him happy?

Quit being a judgmental teenager girl.

>> No.435509
File: 96 KB, 1024x768, 1332790683648.jpg [View same] [iqdb] [saucenao] [google]
435509

>>435385
>earns £15.5k
pfffffffffffft

come to London faggot

>> No.435563

1.5 million

Buy 10 apartments for 150k each
Rent them out 800 per apartment

8000€

Maintenance costs -200€ per apartment

-2000€

Left 6000€

-30% tax (Yay fucking Scandinavia)

4200€ per month

>> No.435720

$0

I'm fine being homeless so long as I can shoplift some notebooks and pens.

A friend of mine wandered the world for about 10 years living off of art grants and residencies and the kindness of people he met along the way. That's the good shit mayne.

>> No.435762

>>428269
Or you could not be an asshole.
I live in NYC 22 live in a room 600$ covers all my utilities. Came furnished but I changed the bed. Have a king sized bed and a small couch in my room. With a TV on the wall with cable and internet included in the rent.
Spend about 50$ a week on groceries. 30$ on buying shit at work. SO we're talking 320$ a month
That is 920$ a month you would do any where else.
Train monthly is 120$ a month. You can go any where you want in all of the boroughs. As many times as you'd like.
I make 32K a year and live comfortably. In a room in Manhattan. It's not in the middle of night life. But a 20 minutes train is not much. And I don't have to take a cab home i take the same train back up with some buddies.

>> No.436092

>>435337
>Fuck health insurance

You sure about that, bob?

>> No.436095

>>435337
>2.5k/mo
>18k/year
u wot m8

>> No.436111

About 4 Million would probably do it. Buy a nice house, a nice car, and then as long as I keep my spending under around 40,000 per year I should have enough to last me for the next 60 years, which is reasonable. I could even invest that amount and probably achieve dividends allowing me to live with much more than 40,000 each year.

>> No.437352

>>426410
2 million $

>> No.437367

>>426410
It's not just about money. If I had ownership of a solvent and financially stable business with good growth, that'd take care of my money needs, and any spare wealth generated from this business could go into investing in other businesses with good growth potential to keep the cycle going. And again, it's not just money. If I had a proper IQ and education regarding maintaining my lifestyle supply (managing my main business and good knowledge of how to choose well skilled under-management). And any financial investments I do make would aim to increase the rate of reaching a technological singularity where artificially augmenting bodily physical capacity specifically for being better at this singular purpose (and as side effects even more than just that) is possible.

>> No.437669

>>426469
lmao missunderstading the thread

>> No.437701
File: 59 KB, 666x341, breaking-bad-walter-white.jpg [View same] [iqdb] [saucenao] [google]
437701

>>426410
$737,000

>> No.437910

Enough to purchase 100 indentured servants and some land to build a castle on.

>> No.437919

>>426410
THE ONLY ANSWER TO THIS IS "MORE AND MORE AND MORE"

Faggot.

Having a number is for people who will never reach beyond places others have reached before.

>> No.438181

>>427684
>mysanthrope

>>427758
1.5 hour subway ride to Manhattan....you what m8? I can take the fucking bus from Jersey to the financial district in less then 40 minutes..

>> No.438194

>>438181
have you ever tried to take the subway from the financial district to the edge of the bronx?

>> No.438209

>>433747
your uncle's a piece of shit lol

>> No.438213

>>438194
Eww, no. Why would I ever go to the Bronx other then to see a Yankee game.

If you work in or around the financial district and don't want to live in NJ, why not rent in Brooklyn? Cheaper then Manhattan and with the recent gentrification an enjoyable nightlife is emerging.

>> No.438225

>>428478
>>430746
>>434914
>>435195
>>435720

For all you people who think you can live cheaply(i.e. $0- 2k a month) for the rest of your lives... good luck with that. Yeah, you can do that while you're 22 years old or in college, but once you get older, you're gonna have more expenses, you're gonna want to move out, get your own place, have nicer clothes, have a better car, etc.

unless you want to have roommates when you're 45 years old.. then you got other problems

>> No.438227

>>438181
45 minutes to Union Square(average point in Manhattan) from Grand Army Plaza in Brooklyn(average point in BK), then 45 minutes back for the commute home.

1 and a half hours of your life every day, 5 times a week, 48 weeks a year... time is money

>> No.438229

10 bitcoins