Can you retire off 4.5 million USD?
Yes
>>62077366No, $5 million is a nightmare
$150k per year in passive income without ever having to touch the principal amount counts as making it in every country on earth, yes
>>62077366If you stop eating avocado toast every day easily
over half of it you'd spend for a nice house
>>62077525NJ is a tax despot state that everyone is fleeing from like cockroaches
>>62077366I could probably make it work. But it wouldn’t be very luxurious.
>>62077382This. The very worst part of 7-figure hell.
>>62077525thats a shitty ass house
>>62077525I don't want to live in Cape May.
>>62077608I like Cape May.Where do you want to live?
>>62077525Great, now we have realtors advertising under the radar here.
>>62077525>2.4 mil wood frame junk will blow away when the next hurricane hitsnortherners have it rough
>>62077382richest poor person in America, it's like being the tallest dwarf
>>62077366You can absolutely never work again off of 4 mil or 120k passive. Furthermore, you could do it with a small, reasonable family. The assumptions are that you live in a flyover or a cheap part of the state."Live without working" by no means equals luxury, but that's what a decent non-software engineer makes without the same risk, stress, etc.Just like an average working person, you could also get one luxury of your choosing whether that's a nicer car (stay under 100k / get used and work on it yourself), vacations, etc. The reality is that people usually still do something at that level, but whatever it's not, it IS freedom and don't let anyone lie to you about it. Alone, so is 3 million.Obviously, if you are trying to live in Manhattan and/or flex, it's nothing, but let's not ignore the basics.
>>62077366if your wife is really good with money you can probably manage. good luck buddy.
>>62077706Hello fellow Conhead
>>62077366I retired off half that. My lifestyle cost is relatively low though. My only splurges are paying for two residences, a car, and travel every few months. I'm stingy as fuck with everything else.
>>62077465But inflation will eat the principal's value that up in less than 30 years.
>>62077525In Italy you can buy a fucking castle with that amount
>>62077465>4,5m gives you 150k a year>>62079009>4m gives you 120k a yearthis board is so hopelessly braindead, I swear everyone here is a poorfag.dumping 4m in a bunch of vanguard ETFs is 8-10% return a year ON AVERAGE for the past 20 years, so including bad years like 2008.4m = 400k portfolio growth ON AVERAGE and also no one on this dogshit board has left their parent's house. you can live middle class in beautiful parts of southern europe on 50-60k income, to say nothing of the pleasant and safe parts of the 3rd world, ie Thailand or Argentina.DO NOT under any circumstances follow any advice on this board, everyone is poor and has never left their home town.
>>620791093-4% are a safe, inflation-adjusted average. If you don't understand that, don't call people braindead. with inflation the way it is, people are starting to question even those numbers.> 4m = 400k portfolio growth ON AVERAGEThis is absolutely delusional. You save no one left their home, but if you think you can take a mil and live on 100k, that definitely says something.>you can live middle class in beautiful parts of southern europe on 50-60k income, to say nothing of the pleasant and safe parts of the 3rd world, ie Thailand or Argentina.The conversation is implicitly about the US. But this is an entirely different topic regardless.>everyone is poor and has never left their home town.People say "projecting" a lot, but you really are.
>>62079157>3-4% are a safe, inflation-adjusted average.cool story bro, except you gave numerical dollar values not percents. you said that 4m invested will give off 120k passive, which is so hilariously wrong it's amazing that no one else replied, I have to assume I'm the only person who read your post.instead of spending 3 minutes writing a reply, spend 30 secs asking Grok what the average rate of return is for vanguard's various ETFs
>>62079170"cool story bro" - exactly
>>62079201>withdrawal ratemoving the goal posts again. I accept your surrender
>>62079211>>62077366> Can you retire off 4.5 million USD?That was OPs question. The standard answer for that question includes a withdrawal rate. Just admit you are an idiot and stop avoiding the question.
>>62079223>if your portfolio is growing at 400k a year on average, you're only allowed to withdraw a third of that because... umm... that's the way it is
>>62079234Nice try, better luck next time.
>no rebuttalI accept your surrender again
>>62079248You have no argument, if you want to make one about how inflation doesn't exist / isn't real, etc, go for it. Keep in mind that your bullshit was already addressed here >>62079201, so burden of proof is on you, at this point I am just entertaining your low IQ out of compassion.
>>62079090unironically this house is a better buy than a castle. those are typically ruins and require millions to just make them habitable. it's a money sink that you won't be able to sell
>>62077525Who the fuck would willingly live in New Jersey though?
