$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 
How much money would it take for you to retire right now?
- Thread starter Turk
- Start date
SupaHotIce
All Star
30k and I'm gone living a humble life in the Carribbean
EatingGoodNow
Pro
$3-5 million. 0.4 x 3-5 million would give me 120-200k a month.
Sauce Mane
Superstar
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
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
Peruvian Connect
All Star
$200,000 . I can pay off my house. And thats pretty much my only expense.
Striving For Greatness
Get Certs or Die Tryin
3 million or more
I can live off the interest of the 3 million, would be 6 figures a year
I can live off the interest of the 3 million, would be 6 figures a year
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
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.
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.
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TELL ME YA CHEESIN FAM?
I walk around a little edgy already
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
Could probably do it for 2m
If I decide to leave the country,,1-2 million will do
Ezekiel 25:17
Veteran
$2 Million.
$400k towards house and debt. $1.6 Million would net me over $100k at about 6%
$400k towards house and debt. $1.6 Million would net me over $100k at about 6%
Ezekiel 25:17
Veteran
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
Majestic and Highfalutin
75 Mil
