How much do you need to retire at 30?

[Anonymous No.5122452]

I am getting pretty close to a point where I feel safe never having to work again. $1,500,000 net worth (feels good man)

How much do you think I need to retire and just live a normal life? Travel a little, have a nice place to live, decent car, nothing fancy.

Is this website accurate: https://firecalc.com/

[Anonymous No.5123314]

>>5122452
5 Million, and I only say that because yields are so low for bonds/equity.

[Anonymous No.5123690]

1.5kk is about how much i would need retire. although i live in a less expensive country and bonds pay at least 10% here. so i guess it depends on the standard of living you want and how much ROI you can get yearly

[Anonymous No.5123716]

>>5122452
only 1 mil as long as its in BTC and not cuckbonds/betastocks/virginbank

[Anonymous No.5123723]

>>5122452

$1,500,000 isn't enough unless you want to live as a NEET.

[Anonymous No.5124441]

>>5123723
Show your work.

[Anonymous No.5124520]

Depends. How long do you think you'll live? Do you want to have the best health insurance? What's your lifestyle? Etc. etc.

[Anonymous No.5124614]

>>5123690
who the fuck writes kk instead of M

[Anonymous No.5124627]

>>5122452
That's not enough, retire at 40 or you'll get bored and kill yourself

[Theguy101 No.5124651]

>>8489g2Mh would you ever invest in a startup ?

[Anonymous No.5124896]

>>5124520
Expect to live to around 80.
My current health insurance is like $30 per month because I am not Americuck.

Lifestyle is pretty simple. I have a nice flat in a nice city. Don't really like fine dining, or fancy cars. I don't shop for anything flashy really. I do like to have some quality things, like a nice computer, nice guitar. But that stuff isn't expensive anyway.

[Anonymous No.5124923]

Safe withdrawal rate is usually stated as 4% (i.e. once your annual spending is 4% of your portfolio size, you can retire), but for really early retirements (that should last longer than 30 years) you need to decrease it a little to like 3.5%.

Plus we don't know if the economy will do as well in the future as it did in the past, and a lot of signs point to no, so personally I use an SWR of 3%.

I'm not sure how expensive it is to live in the U.S., but I'd guess you could get the lifestyle you want for about $30k per year. In that case, you'd need $1,000,000, so your $1,500,000 target should be enough. Needs to be invested in something like 75% stocks / 25% bonds though.

[Anonymous No.5125087]

>>5124923
This. I would personally not use more than 3% either. Would you say bond allocation is really necessary if you are young and only withdraw 1-3%?

>>5124896
but why would you want to completely retire at 30 anyway?

[Anonymous No.5125195]

>>5122452
$300k at 10%/year and I'd have an upper class income in my country, but for a neet lifestyle at home I'd be comfy with $100k.

[Anonymous No.5125230]

>>5125087
Not an expert on bonds vs. stock allocation, but 75% / 25% or 60% / 40% is the common recommendation. Seems like the extra volatility of 100% stocks increases your chances of a big crash fucking you over and making you run out of money too soon (I guess if you're hit with a big crash shortly after you start retirement, you withdraw a big percentage of your portfolio in year 2 or 3, and that means it doesn't grow as much in later years). It should be fine if your portfolio is much bigger than you need it to be, though.

[Anonymous No.5125232]

How do you have so much money?

If your "net worth" is tied up in Crypto you'll never be able to cash out then consider suicide

[Anonymous No.5125283]

>>5122452
Pretty sure most itt are young and still are full of hope. $2 milli would be enough for us easily.

[Anonymous No.5125287]

>>5125230
Yeah I think that is the idea, but after crypto i guess no volatility will ever scare me again

[Anonymous No.5125301]

>>5123716
this

[Anonymous No.5125334]

>>5125232
About 30% is in crypto and I could liquidate it by Monday if I wanted to.

[Anonymous No.5125405]

Depends where you live.

1.5M, i would be a fucking king.

[Anonymous No.5125462]

>>5125087
kind of wanna know how it would feel to do absolutely fuck all for weeks on end

[Anonymous No.5125523]

Can somebody please explain to me how I am missing the point on all of this stuff?

My money manager (you have a money manager, don't you, /biz/?) averages me about 13% yearly ROI on my $800 egg.

Let's even round that down to 10% for ease of math. You're telling me that you don't think that you could live off of fucking $150k/yr passive!?

You could unironically buy a nice, french sailing yacht (an amel, brand fucking new) for that much money and retire to the south pacific.

$1.5M is absolutely in the realm of *fuck you* money.

Give that money to a *good* non-meme money manager. Let it compound for 10 years until you hit your mid 30s, buy a yacht, and fucking literally sail off into the sunset.

[Anonymous No.5125564]

>>5125523
And get fucked in the asshole by Neptune with no lube? No thanks

[Anonymous No.5125583]

>>5122452
Start putting down payments on multi unit properties faggot if youre not larping, this should be everyones exit plan

[Anonymous No.5125610]

>>5125523
better yet, board the Ark

[Anonymous No.5125611]

>>5125523
>get shipwrecked in southern pacific
>eaten by cannibals

yeah sounds real nice anon

[Anonymous No.5125615]

>>5125523
>My money manager (you have a money manager, don't you, /biz/?) averages me about 13% yearly ROI on my $800 egg.

Sorry, in case it wasn't obvious I meant $800k.

[Anonymous No.5125648]

>>5125611
>yeah sounds real nice anon

Shill them shitcoins. Become their god. Get them to pump for you.

This is why you're poor.

[Anonymous No.5125711]

>>5125523
Let me guess, you have only started investing during this bull market?

You live off 3-4% unless you want to go broke

[Anonymous No.5125765]

Literally 1 million. My father will not have earned more that 1 million from his job in life yet he owned a house/ cars/ brought up 2 kids. And that’s with a spender mother.

[Anonymous No.5125774]

>>5125648
>ignore the fact that I was criticizing your retarded plan to live on a yacht in the pacific for your entire life
>attack me for something I didn't do
>profit?

you may hate shit coins, but at least coiners won't be cannibal shit like yourself (and no this doesn't mean I endorse coins)

[Anonymous No.5125829]

>>5125523
Who manages your money with 13% every year? Lol

[Anonymous No.5125868]

>>5122452
I know, I know, I am a wagecuck of the highest order.

That said, I don't want to fully retire. I am closing on being able to, but I would reduce hours and travel more, but that's it. I kinda like my job and due to being a socially inept assburger, my workplace gives me a social network I would miss otherwise. I even have acquired GF there.

What would I do in year three of not working? fap to pron the whole day?

[Anonymous No.5125914]

>>5125523
13% every year is impossible. Be careful

[Anonymous No.5126011]

>>5125765
Your dad doesn't earn 50k a year?

[Anonymous No.5126223]

>>5125914
>13% every year is impossible. Be careful

Average. Obviously there are up and down trends.

/posted from my 2017 amel 55 currently moored off the cost of marquesas

[Anonymous No.5126397]

>>5126223
fantastic larp

[Anonymous No.5126537]

>>5126223
ITT things that never happened

[Anonymous No.5126614]

>>5125765
inflation tho

[Anonymous No.5126673]

>>5122452

At 30 you are going to need 6 million plus.

[Anonymous No.5126771]

Retire right now, just keep most of it in crypto, and cash out as needed. Your money will just keep growing.

[Anonymous No.5126879]

>>5124923
The homeless live on 30k a year in America

[Anonymous No.5126911]

>>5126879
lol no they don't

more like $5,000 per year

[Anonymous No.5126933]

>>5126771

Explain.

I have 1 BTC in crypto.

How the fuck am I supposed to keep most of it in crypto and cash out at the same time? 0.5 btc seems a shit compared to 1.

Also why the fuck would I cash out if this shit is going to 25k-100k?

[Anonymous No.5127150]

>>5125523
>13% yearly ROI
sounds like a scam, or maybe he is investing all your money in crypto without you knowing. He makes like 100% return a month and gives you like 1.1% of that.