Whats your "i quit and retire" money?Personally, somewhere around 5Mil
10 million used dollers.not 3-4 million lithuanian coin, but 10 million used dollers.10 million used dollers.i don't know if that's even conceivable for you.>10 million used dollers
>>615406952 mil. You can make 5% reliably off interest which is $100k a year. Thats a decent salary which could afford a comfortable life.
>>615407112 mill is probably the minimum because you would want it to continue to grow as you use your gains for your living expenses, my goal has always been 3 mill so I could live off the gains while still growing it
>>61540695>>61540710you both are retarded and probably pretty terrible with money. kys.
Whatever allows me to live in comfort in a 1 or 2 bed place in a remote area. Don't care for lambos or shit like that, just don't want to wage again. Also nearly 40 so fewer years to afford than you young guns.3 million I guess
>>61540695Easily 500k USD. 300k is somewhat doable. My monthly expesnses are less than 1k Eur.
>>61540731Where do you live, in a shed? I've got 2 million in bongland pounds and NOT ENOUGH even in the rural fucking towns.
>>61540711what kind of investment give you 5% reliably ?
>>61540695no such thing as retiring with the way things are going
>>61540745There are cds and high yield savings accounts with close to that
My needs have just got upgraded! I might need 15 milly!
>>61540737Lithuania and not in capital. Taxes on trading are low. 10% gains YTD which is easy on half milly would be enought to live including vacations abroad and entertainment.
1M usd and i can live the dream in SA
>>61540695Thailand or Vietnam for like 500k.
>>61540695This is disgusting. Looks like a father and his daughter, yuck.
>>61540695I live in the rural southeast USA and barely make 50k a year before taxes.I’m thinking 500k.
>>61540695I can't retire. If I'm not keeping busy somehow I go insane.
>>61540695300k + condo for two.Or 500k for two.
>>61540695I would work my day job until $1.5 million, live frugally and continue my active investment strategy until it hits $3 million, just to verify it will continue to work.Then I'd begin rotating into safer investments and live modestly until $4 million, after which I should have completely moved into broad market etfs and bonds, and stop active investing. I would probably travel, but I wouldn't splurge or party because that's not in my nature.These targets will be inflation adjusted.
>>61540695At 3 mil, I might quit for a few years and work on something.5 mil is enough to quit work permanently.10 mil is where you really have enough, even if you decide to have a family.>>61540711You don't understand inflation-adjusted RoR. Try 3-4% withdrawal rate. Also, if you didn't get the memo, $100,000 pre tax is nowhere near enough for more than hiding out in a room.>>61540805This is one of the most realistic posts in the thread for 1st world.
>>61540805>>61540818Well, except the "continue active investment strategy" shit. Nobody is doubling 1.5 mil without risking it all. I take back the "reasonable post" part. The reasonable part is 4 mil to live with some dignity.
>>61540824>Nobody is doubling 1.5 mil without risking it all.Well, that's what I mean. I would continue investing as I do now, it would just be full time, so I would be "working" in a sense. I'd do that until 3 million, then I'd gradually rotate into broad market etfs.From $3m to $4m is just a gain of 34%, not a doubling.
>>61540710what if they're fresh off the printing press?
>>61540695$2M US. But I own my home outright, with no debts. I spend about $45k/yr, including various taxes and insurance.
>>61540750at current market rates maybe, but those fluctuate and sometimes you only get 1% or less
>>61540695Im at $6mn now. I used to have a comfy office job as a quant, doing investing for a salaried pay at $200k so i couldve done it longer. But after $5mn i quit, when my daily PnL became a multiple of my annual salary.Thought whats the point in getting up in the winter early in the morning and suffering through office politics? That was 2 years ago. Since then I quit and just travel the world and fuck prosties and escorts. I do some other things, like playing dota, going to the gym or learning languages (first portuguese, now korean). Life is good.
>>61540695>Whats your "i quit and retire" money?$500
Appartement/house paid in full + 1.5 mil assuming I live a good 40 more yearsWith that in liquid and putting some in indexes I would be set for life.Or 400K now put in indexes (assuming 5% per year) and taking 10% out each year to live for 40 years, + 300K for a flat or something.So at 700K right now I would consider myself more or less set for life.
>>61544157What did you invest in that got you $6m from a salary of $200k?
>>61540695As long as I am young and healthy I’ll work. Whether or not that’s the current white collar high stress corporate finance bullshit that I’m dealing with now is the only difference that having more net worth would make. I’d rather drive a school bus or sometimes like that school bus driver anon.
>>61540805This is pretty much my exact strategy. A little lower dollar targets but that’s also inflation dependent and how much my next house costs. Depending on returns thats between 47-52 years old for retirement. I’ll take it.
>>61540824> Nobody is doubling 1.5 mil without risking it all.Define “risking it all”. A S&P500 index with double within 10 years at 8% average returns. That’s the historical average and is a slightly conservative number.
>>61544157How old and what field were you in?
>>61544475Good view on things. The world is healing.
ten ounces of silver
>>61544157>mnThanks for clarifying anon you really would have had me stumped otherwise
>>61540776No one gives a fuck what you think kike.
>>61540745Nothing but if you went between bonds and stonks you'd probably do 5%+
>>61540695I already quit and retired from office wageslaving and my NW is probably like $350k USD.But like >>61544475 said I will 'work' as long as I can. Sometimes that will be writing software, sometimes chopping wood, sometimes helping my wife in her shop. Depends what I feel like.
2.5 million is my number. I'm about half way there. The real question is what age you reach your number at. If you're not done until 80 then it's meaningless. I'll probably hit mine around age 50
>>61540745That's nothing, even popular stocks like AT&T are at almost 5% just in dividends alone, with SPY netting you nearly 20% in returns annually for over three years straight. Even savings account pay out around 4%.
>>61540695200 bitcoin
>>61540695It was 8 figsbut now Ill take mid 7 figsIm just so tired
>>61540695I pretend to leave society and illegally occupy unhabited islands on the south of my country, so around 20k
>>61546371Same. I used to say 10 to 15. But I'll stop working at 5. Ill go part time at 3.
>>61540776they're happy, unlike you roastie / zoomer
>>61546474>Same. I used to say 10 to 15I had a chance to cash out at just 8 figs but didn't do itround tripped it to low 7 figs nowHonestly unless can get to mid 8 figs, I think itd be negligible life style differences from mid 7 to just 8 figs. not worth risking it to try to get into mid 8 figs quickly
>>61540719Two mil is one mil compared to 2019, so at least four mil.
>>61543145>sometimes you only get 1% or lesswell, no, unless you're clinically retarded
>>6154069525 ounces of silver
>>61548042yes, short term rates can be less than 1% pa. there is no reliable, constant 5% available.
>>6154069535.000€ or soenough to buy a small farmhouse in my country without debts with 2 or 3 hectares of landwill keep 20 sheep or so, sell the yearling lambs to a butcher to pay for taxes which probably wont be much, butcher some for myself, sell whatever surplus there is and save that money to buy land to turn into native forest and pastureland for my sheepslive like a free farmer, no gas, electricity, or plumbing (wife might disagree), no cars, will use a packing donkey or pony to go to the store when neededspend my days farming, fishing, and hunting, and raising children
>>61540695My goal was $1.5 million then $2 mil then $3mil then $5 mil. I realized how retarded that was so I decided to call it quits earlier this year when my net worth ticked right above $2 million. Life is short so I'm not gonna wait around when I'm already comfortable now.
>>61540695500k for 2 small rental properties.own my house (300k) and my family expenses are at 2k/month. Rent earned should cover it just fine, my wife will most likely keep working anyway.Orchard and chickens should provide something extra..I would be just comfy.I went full retard into silver in past 5 years thanks to 4chan so wish us luck frens, it may be soon reachable.
>>61544157>mn>Thanks for clarifying anon you really would have had me stumped otherwiseI dont know whats your problem desu. In the finance industry, atleast with all banks I worked, the common communication between everyone was $mn for million and $bn for billion. this in particular makes sense as m can be confused for the latin mille (a thousand) or the roman numeral M meaning a thousand. you should start using this terminology as well instead of thinking youre smart. youre not.>>61544471i had some early success with chainlink from 100k to 1 mill, but sold long time ago, then another lucky shitcoin punch from 20k to 600k, which i then put into 60 bitcoins at 10k, which is now basically where all my money comes from. ive divested into stocks so now im 50% stocks 50% bitcoin.>>61544898now 38, quit at 32 and worked as quant in finance.
>>61540888No, new dollars are worth less because of inflation. Used dollars dont have that problem since they're from when money was worth more.
You are all retardsI will retire when I have the equivalent of 6 million ounces of silver
>>61548776O has paid a dividend for 55 years and has increased it for 26 straight years. It’s currently over 5.5%. You are an idiot.
>>61549351>now 38, quit at 32 and worked as quant in finance.Damn good for you anon. I’m turning 32 next year and only halfway there. >communication between everyone was $mn for million and $bn for billion. this in particular makes sense as m can be confused for the latin mille (a thousand) or the roman numeral M meaning a thousand.No. I was in public accounting, then financial reporting, now FP&A. Not the same thing but similar fields. There’s not a single time miles could be substituted for millions and ever make sense. I’ve never met anyone or seen a time Roman numerals have even been used in any financial context. Anyone with a brain shouldn’t be confused by “mn” but your rationale here is retarded.
>>61540745There are contractual agreements and investments that reliably pay 5% yearly. Life insurance company and structure bonds routinely pay that and they’re regulated heavily, and have paid solidly for 100 years.
>>61549602>stock>reliablekek you actually are stupid
>>61549890Keep doubling down on being wrong. It’s funny. Almost cute in a childlike way
>>61550392stocks are volatile, your capital fluctuates all the time. it doesn't matter if you get the dividend if the stock price is down.
I live in California and wouldn't move away just to stop working. So for me, it's deep into 8 figures, like 40M+
>>61540695>Whats your "i quit and retire" money?5000oz silver, 100oz gold.Fiat isn't real money.
>>61540695$100. Endless blowjobs in Tijuana.
>>61540695lifestyle poverty of desire
>>61550570What part of >increasing dividends for 26 straight yearsDid you not understand?
>>61540710*USD
>>61551487the dividends vary, and the stock price can go down. stocks are not "reliable" investments, there is risk in both of those.
>>61553244Life is risky. Consider sudoku.
>>61553244>just ignore decades of history>reee it’ll happen this time
>>61554064>stock goes -30%>reliable
>>61540695>boxer shortshe dresses like a 51 year old man
>>61554372Show me when that happened and it would affect your annual cash needs
>>61555104Just look at the chart for O stock. Not the most volatile stock in the world, but it does it's dumps just like any other. But if you don't mind your "reliable" source of 5% being risky and volatile, that's up to you
>>61546371just me? 3 millwith them? 500 mill
>>61544475Based slave genetics
>>61555133>cant prove it>backpedalsJust admit you don’t know what you’re talking about or you exaggerated earlier. I didn’t know everything I know now without making mistakes and learning over time
>>61546654and by the time you get to four mil, that will be the annual salary of a wagie in your age group and rent will be $50k/mo
