how much money would it take for you to never have to work again?how would you use that money to ensure this?
>>5848989425 million. Anyone saying less is coping
>>58489894$200kInvest in stock and bond index funds, selling as slowly as possible to buy rice and beans, pay bills, etc.
>>58489894I guess 2 millionSave option would be aave stable farming with a big part of your portfolio.
>>58489894Number of years you expect to live * $6000.You can stay at your parents’ place, get your meals from the food bank and use the $500/month for bills and entertainment.So if you’re 21 and you expect to live to 91 you need 420k.
>>5848990138 million anyone with a different answer is self deluding
>>58489910only 200k for the rest of your life?where do you live, and which funds do you think youd want?i can never decide on how much id need in this hypothetical, but i feel like itd be something like 2-3mil dumped into voo
>>58489894i need $2000 a month to have a solid quality of life and right now my 30k brokerage account pays roughly $57 a month in divvys.
If you're single, have decent health, and are content with just playing pirated vidya and jerking off for the rest of your life, 2.5M USD in the boomer market is enough.
>>58489894I could live fairly comfortably off 30K/year. That would mean about 600K in boomer stocks at about 5% net APY (taking inflation into account) without touching principal.Though I'd be willing to gamble that half that, with say 150K in crypto and 150K in stocks, gets you there as well after another crypto cycle or two.
>>58489894At least 1 million dollars as of a few months ago. This will give the average stonks investor a return of 60-65kWhich is all bullshit ofcThe average investor is what you make of it
>>58489910Why not just buy dividend stocks, you retard
>>58489894$5minvest wisely and safely and live reasonably comfortable but not excessively so
>>58489894I’m aiming for $10M. I’d be left with $6M or so after taxes. I could make that work. T. $136k salaried boomer with a wife, 2 kids, and a mortgage. I can’t quit until things are fairly comfy.
>>58490642I also realize that USD is just going to continue to inflate, so idk that a few mill is really enough to not have to stress about money anymore. I just want to quit my job and enjoy retirement before I get too old. The corporate grind has been eating away at my soul…
>>58489894500k>Austria
>>58489894im not working again until i run out of 95% of my funds
>>58489910you won't even outpace the fudged inflation rate they tell you with this boomer strategy
>>58489894minimum 2 million, it's something possible if you play your cards right with btc, or if you can get some of that, I'm still trying to change my dextools memecoins for some btc
$400K tax-free. I could live off passive income.It's hard because the government always wants some of your money through taxes, plus there's inflation.
$2mm invested in low volatility high dividend stocks should pay a gross salary of about $100,000
>>58489894in america? 1billionin my country? 200k
>>58489894Considering the average american earns $1.7mil over their lifetime.I'd be happy with $2.5mil
10 million but I already own a nice home. But to be honest any massive windfall like that and I'd NEED to put it to work somehow. I don't think I could just quit.
>>58490859this, 2.5M in a divvy fund like schd(3.2% divvy) would yield ~80k a year, but for now you could earn more with mmf @ 5%
>>58490177I'd move a little town with a low cost of livingFunds like VTI, VXUS, and BND would work fine>>58490530Nothing wrong with dividend stocks, but share buybacks are fine too because you can sell a little whenever you want cash>>58490815Yeah, that's a risk in the short term. You could add some TIPS or commodities to protect yourself from that
>>58491004Yeah. I could live on this for sure. 80k/yr is far from destitute for a man with no family and middling standards
>>58489894>how much money would it take for you to never have to work again?probably as low as few hundred thousand, live on a budget and do medium to long term trades
>>58489917lmao
>>58489894Somewhere between 500k and 1 mil, I don't mind the monk life. Mainly I'd use the existing financial system, have a decently diversified stock/bond portfolio, if that crashed we'd probably be looking at a total collapse scenario and mostly no amount of money will help you then. Except I would put a little into prepping ahead of time (supplies, a house in the countryside, etc), so I can stack the odds in my favor for that scenario as well.
>>58489894>how would you use that money to ensure this?I'm throwing a chunk into QAN and ONDO, and the rest is going into housing near a hospital.
>>58489901really depends on where you live. I was going to say $15m. if you wanted to live in NYC, more. likely much more than $25m to really live "the life" of course if you want to live the life on a farm and be mostly self sufficient besides nice cars, trucks, boats a
>>58489894>2Mil>500K for a single family home, which is rapidly rising :(>1.5Mil for indefinite annuity or dividend incomeI'd probably still work some kind of consulting or part-time job for socialization
>>58489901Probably this. Maybe even more because I worked hard as fuck to get where I am and I’m fairly decent at my job. Plus I work with some good Christian people.
>>58489901>>58490538>>58490642Seems like everyone but the boomer is conflating "never work again" with never work again at a job.If your goal is $10 mil, is there really any value whatsoever to working at a $200,000/year job after $3 mil?Yes, $120,000 pre-tax isn't exactly luxury, but would taking home another $100,000 net (from the $200,000 job) really make a difference to getting to $10,000,000?
>>58489894>never work againand what would be the point? what would you do with your life? just consume memes all day?make yourself usefuli'm not telling you to be a slave to someone elsei'm telling you that work that you enjoy doing is good and honorable if it makes the world a better place
>>58489894i used to think i'd need only 1-2 mil, but now im at 7mil and i want to hit 50mil now. the hedonic treadmill is real
A million + paid off house. Put the million in a mix of high to low dividends. That should grow between 10-20% yearly. And income should be $1k a week after taxes.Learn to cook/eat. Buy the bare minimum.
>>58493904Genuinely, what would you spend it on?
>>5849417420 mil mansion in texas, rest is put into SPY + QQQ and i live a lavish life style off the growth.I invest money into my local community, friends and family. And I donate generously to whereever i deem fit.
>>58489894If qan does 100x from here. I am never going to work again and this is very much possible
>>58489901/biz/lets are more retarded then the women who think the average man makes 500k
$863,000
>>58489894>buy my own house & fully furnish it>+ 10mil liquid nw >+ own 10 family homes in nice suburbs that i rent outand im done>>58489901>25 million. Anyone saying less is copingbasically this
>>58494937How do u have 10mil liquid? What niche you in
>>58494941kek I don't, but I plan toAPU alone is going to supercharge my capital this year, and I'm a generally frugal person and decently savvy investor apart from that, so I'll get there in the near future
>>58494950So how much liquid capital do u have as of now combined? I’m curious to know
>>58494937nice duck
Easily 10 million
30-50k or even half that would be enough to live the rest of my life, but I'm dying of cancer and depending how severe it is I'm gonna be lucky if I get six more months.But to everyone else it takes a lot more.
>>58489894need at least 10mil, I have family to feed
>>58493836I plan to quit my $120k job at $2M and I'll just live off $80k for good while letting the principal appreciate. Not donald trump rich, but very time rich with enough money to still live better than I currently do
>>58490242you can do all that with half the amount, easily. $2.5M you can afford any new games coming out and enough for hobbies and occasional travel with a gf>>58490859That or just take out 4% or so from a solid ETF
>>584899012 million was not enough? that was my goal with maga, at this rate I will not make it even if I go with BTC
Nobody really knows because you cannot say what the economy is going to be like for the rest of your life. Exceptional and overwhelming amounts of money aside of course.
I retired with 500k right before the bear market which then turned into 200k. I've fully recovered and still not working so I'm pretty good.You fags vastly overestimate how much money it takes to play vidya and eat hot pockets.
>>58491004I think this is the right range. 6 figs is too low, but the retards saying XXm are greedy niggers. I could even live off 1m britbong bux. That would give me a bit less than the salary I have now, except even more money because CGT is lower than income for some incoherent reason. I currently save about 30% of my paycheck, so current expenses + difference would be enough. I probably won't make more than like £50k this bull run though. I don't even have 5 figs invested because I'm a poorfag.
>>58494982Sorry to hear fren. I hope you know peace in your remaining days/
>>58489901What about $24,750,000?Are you saying you wouldn't quit there and you would leave your investment in for that extra 1.1%?
>>58497651Thanks fren, I could be doing worse, just had to get rid of my GP for being a retard, but my hematologist is good after I get more results I'll find a new doctor who can hopefully keep my pain down, I don't care about dying just keeping the pain at bay now.
>>58489912I'd rather buy ETH and restake on Yield Nest to earn risk-adjusted amplified yields, Anon.
>>58489912My savings picks are Wingbits, Mapmetrics, Natix, and Brainstemhealth for that sweet passive income.
>>58489894>how much money would it take for you to never have to work again?$100 Million
Define "work"
>>58489894well i make 70k a yeardivide that by .07 and you get 1 millionso it would be 1mil if my gf would not get bitter if i quit and she had to work so 2 mil
>>5848990110m is enough, I hope AAST will give me that
>>58493898>life is meaningless without workDo you even hear yourself? How fucking miserable is your life? Also for me, retirement money is more of a safety net than an actual retirement. I want to have no second thoughts when a workplace becomes shit. I want to be able to say fuck you to any manager.
>>58501204WAGMI
>>58494982best of wishes fren
About $200k in crypto. 70% average return per year means you'd have plenty to live a six figure income and still have lots to reinvest.
>>58501794Thanks buddy I go in for a PET-CT scan tomorrow to determine how bad it is, how many lesions on my bones and what/if they can do treatment.It started showing symptoms in 2018 and I tried to get doctors to investigate further but they ignored me until finally after getting so violently sick in 2023 I started threatening litigation and they started pushing more testing.Sure enough I was right, I should sue my former doctors but also what I have is a very rare disease Light Chain multiple myeloma with possible CLL leukemia ontop of it.So there's also a chance suing wouldn't matter because it's technically a super rare disease and usually only effects people in there late age when they're already sick.I've been called a hypochondriac sure years by doctors and people, so I guess I got some vindication in being right, but at a major cost, the biopsy and specialized hematologist testing is what finally revealed it.
>>58490530boomer advice. Dutch East India Company isn't around anymore
>>58497146I did this with $200k about 4 months ago. Still haven't lost any money despite not having worked a day and without changing my lifestyle at all. Take the high risk fat fire pill, anons
>>58489894>wants free advice about sacred alpha
>>58489901A HUNDRED MILLION BILLION TRILLION THOUSANDS OF DOLLARS
>>584899015 Million is plenty to live a middle class life off investments without having to work at all.
>>58490242A single guy with $1 million in index funds like VTI is enough that you can live modestly forever. Pursuing your own entrepreneurial interests easily, and still not even dip into the principal. $2.5 million would be great if you want to travel, live in a little bit of a nicer area, etc. And still have some capital to burn on entrepreneurial pursuits - or would enable the same lifestyle as $1 million if you had a family. Would be nice.
1 btc and I can retire within 10 years
I think at my age, about $2.5M. The trouble is, that might just be living very simply - not much entertainment. I think I would probably work part time at an easy job like a local grocery store out of boredom, and to supplement the savings for some fun stuff - like some traveling or hobbies. I don't like the job I have now, but the pay is okay - that's the only reason I don't do a less stressful job.
>>58489894350k, my third world country literally prints money every single day so having dollars makes you rich by default, i seriously hope to make it thanks to my memecoins (mainly pajamas), im honestly comfy
>>5849493750 million when you factor in the fact that you are gonna have to pay taxes if you want to buy anything big with it
>>58489894With 500K at a conservative 7%/year on the S&P500 I can live my current lifestyle, which among food, buyfagging and other shit also include my rent, 2 weeks of skiing, a week somewhere in my country in summer, and a 3 weeks trip to Japan every 2 years. I don't beed more. Probably less than 500K as I live in the fucking capital city, just getting away in the countryside would reduce the needed capital by a large margin. Buying housing is the first thing I should do to secure a roof and be mostly free from that inflation, though it's economically a stupid decision, the entire capital is better invested on SPY. But peace of mind is also important Probably even less if I move to a cheaper country like, I dunno, Portugal. Not to mention SEA but they're mostly mudslime shitholes and are cheap for a reason.Honestly, with 600K (rather than 500) to have a bit of leeway to go through downturns is more than sufficient.Anyone saying multiple millions are just demooralizers.
>>58497061I think we can say with some certainty that the dollar with continue to lose its value over time. $1-2M used to be make it money back in the 80s. now we're talking about $10M
>>58504560>conservative 7%/yearboomer stocks eat a -55% every 15 years it's not like a bond that issues a predictable payment
>>58489917I can't tell if you are joking or actually mentally ill but your overly specific response tells me it's the latter
If I get a few million this cycle I think I won't need to do any work again besides a bit of investing and trading but I'll still work just to be able to afford more kids more easily.
https://firecalc.com
>>58489894third worlder here.100k. Even 1% annually is enough for a comfortable life, 4-5% is a life of luxury
>>58505686I like this one https://ficalc.app/And man, the 70's were fucking brutal. Incredible how in some scenarios, just by being a mere year early or a year late, either I end up broke, or with 6 millions. No in-between.
>>58505686>$1.5 million to pay out $5k per month forever with a 95% survive ratethat actually seems doable
>>58490530because that is stock picking and stocks can crash>in4 these stocks will never crashlook at the top dogs in the sp500 decades ago, completely different from now
>>58504648Which is why you don't invest in dollars, you invest in things that benefit from the debasement of the dollar (which is guaranteed). Get and stay out of cash and find good things to dump it into.
I could get by happily with $1M and a 4% SWAR. But I'd like to live large so I'm targeting more like $3M before I think about stopping.I'll probably keep "working" though, just on things I'd like to do and on my own time.
>>58502136So you have 1 million invested in VTI. How do you pay for expenses? If you are selling shares, this sucks because you have less and less shares over time.
>>58489894Just about a billion FUN and I’d be good to go, hbu?
>>58504560the sp500 can crash and you will need to not withdraw above 3% including on the crashes (you cannot cash out more to compensate for the lower value per share)So the way I see it is that you need to have enough money that you can withdraw 3% after a 50% crashWhich means around 2 million
>>58505686but what portfolio was used for this simulation? and how do you get your income? withdraw shares manually or recieve dividends? which yield?
>>58510408And the shares continue to appreciate. And the fund will usually dilute shares and do splits creating more shares, it's immaterial.
>>58510443So why do some people buy in distribution funds (that pay dividends) instead? they say they don't want to sell shares. But I was looking at distribution funds for SP500 and the yields are insanely low. How im supposed to live from such low yield payments? the fuck. Isn't it just better to withdraw 0.25% monthly (which is 3% anually) and that's that?Why do people want dividends then?
>>58510476Dividends are kind of a meme honestly. Modern FIRE consensus is that it's better to chase growth. By the time a company goes "high dividend" it's well past its growth phase and it's just trying to pay people to stay invested while it circles the toilet bowl.I think it's worse for taxes too as dividends are actively taxed as they are paid out the whole way, unsure about that one though.
>>58494982You should just debtmaxx.
>>58510408If it grows 10% per year, that is $100k per year. I can easily live on $50k and be pretty happy. Meaning that every year, I have even more money, and that helps during any of the semi-rare bad years
>>58489894Like.. 100 Trillion HOKK tokens, more or less
Probably around 10 million. I'd try to find monthly dividend stocks that pay 5%, though there are some that pay upwards of 10%
>>584898942m in my country
>>58510747I shot my credits years back, and haven't worked since 2022, and before that took a hiatus from working for awhile, tried going back to work but got too sick.Can't debtmaxx if you have no credit, only thing I could get is a pre-paid credit card, where you just give them money like a debit card, even then without any working history you can't debtmax.I'm in the middle of a disability case that's been appealed 2x now, got a hearing in Sept but there's a good shot I won't even make it then, and even better shot of them finding any excuse not to pay me out for my time not being able to work.But you can bet your bottom dollar some blue haired dyke gets disability because she has social anxiety or eats too much cake.
nothing matters in the endIf it is not trump endorsed.They call that: Trumpbucks... simple
>>58489894$15M for a comfortable life until deathI dread the thought of being 60 something and living in an apartment because your 20-30yo self though "this is all I need" and you're barely making payments.
>>58489894>how much money would it take for you to never have to work again?Maybe 3,000,000,000,000.>how would you use that money to ensure this?I'd dump half of it on BTC, SUPRA and MATIC, and the other half on real estates.
$5 million right nowWould invest in index funds, dividend earning stocks, and probably a stakes in small business and or real estate.
>>58489894At least $5 million. It's not easy to come by, but I have hope that ETH will deliver something close in the next few years. I've restaked it in protocols like Puffer and YieldNestFi for rewards.
>>584898943m dollar is the bare minimum, but I'm an eastern euro
>>58505686>/r/Fire>/r/leanfire>/r/fatFIRE>/r/PovertyFIRE>/r/LeanishFIRE>/r/ChubbyFIRE>/r/baristaFIRE>/r/coastFIRE>/r/EuropeFIRE
