How much do you need for the following?-Never need to work a job again-Live in tax haven for primary residence-Travel every month somewhere new (mix of domestic and int'l) with gf-$1000/month budget to hobbies
>>31675106way inflation is going? about 6.2T
>>31675106the standard calculation is about 20-25x your yearly expenses. So, add up your yearly food, healthcare, shelter, transportation, insurance, hobbies, utilities, vacation and there you go
>>31675217should be closer to 30x with the current P/E ratio of the general stock market, but yeah save and invest.if you save up $2 million, you can live a $60k per year lifestyleif you have a paid-off house, then you can do it stress freeso better get saving/grinding and be patient since those take a long time
>>31675217Thank you. Does this seem reasonable?>>3167535830x if you want to give away the money. I personally will just eat into the principal once I'm old. I'll just spend time with those close to me and give some gifts here and there, but wouldn't give out inheritance so they can blow it on doordash, drugs, consooming or whatever
>>31676590Yeah you could do it on 2.5M probably as long as you're not spending more than 4% per year
