How much money would it take for you to retire right now?

[Afrodroid]

$1 million dollars in my country is the equivalent of $6 million in local currency so that would be more than enough to never work again for the rest of my life

 

[SupaHotIce]

30k and I'm gone living a humble life in the Carribbean

 

[EatingGoodNow]

$3-5 million. 0.4 x 3-5 million would give me 120-200k a month.

 

[Sauce Mane]

Lowest probably around 2.5 mill

Put it in the stock and withdraw 3% given the annual return is around 8-10%

But honestly 5 million would be sweet spot and anything over is just better

 

[KING WILL]

FI Calc

ficalc.app

Good calculator to play around with.

 

[Peruvian Connect]

$200,000 . I can pay off my house. And thats pretty much my only expense.

 

[Striving For Greatness]

3 million or more

I can live off the interest of the 3 million, would be 6 figures a year

 

[BaggerofTea]

2 to 3 million if I want to be comfortable and have my bills paid while being able to travel with the lady once a year

 

[WIA20XX]

10M, move to a lower cost of living city.

 

[KING WILL]

I could possibly make it work with as little as $525K.

Id be very close to pulling the trigger near $710K.

I could do it without much worry at $815K.

$925K would allow me to live pass my current means. Probably wouldn't have to budget much either.

I know yall probably looking at me crazy, but 10% gains on $925K give me just about what I make now b4 anything is taking out of my check.

Also, my current bills are very low.


If yall are really serious about retiring early. I suggest you play around with that calculator I posted.

I think that most ppl will need a lot less than they think to retire.

But the key is investing early and often. And keeping your debts/bills in check.

 

[TELL ME YA CHEESIN FAM?]

If I stay in US and I never marry or have children 4-5 million is enough
Could probably do it for 2m

If I decide to leave the country,,1-2 million will do

 

[Ezekiel 25:17]

$2 Million.

$400k towards house and debt. $1.6 Million would net me over $100k at about 6%

 

[Ezekiel 25:17]

There seems to be an assumption that COL will be the same for the next 4 decades...these answers is light lol

Who do you know has $5 Million+ for retirement though? Unless you a successful business owner or make $300k salary, that shyt is impossible to reach.

With $2 Million I can buy a $300k house. No rent, no mortgage. That leaves me with 1.7 Million. At a 7% return, that will draw over $100k/yr.

 

[Mandarin Duck]

75 Mil

 

[keond]

10 million, i will kick my VP in the nuts and ride out never to be seen again. Im right at 40 so thats the perfect age