How much money would you need to retire and live comfortably?

[Higher Tech]

Considering potential inflation and time left to work, I would say about 5.5 million. Considering that is tax free of course.

 

[Lord_nikon]

Correction 3x

 

[bourgeoisie tall freak]

my house is almost paid off and i got over 20 years to go to retire (at the legal retire age). i assume i wouldn't need much with no bills to pay.
if i don't have bills i assume i can live off like $1500 a month for food and bullshyt.
knowing me i'ma still get money. especially now that its work from home. what else you gonna do everyday?

 

[Vandelay]

And never have income, coming in again or just what would get me to retire and chill right now?

3 mil, if I could do some side shyt like write, part time teach, or own a few properties. Never work again, probably 10 mil...not know what inflation is gonna be like over these next 30-40 years of my life.

 

[UpAndComing]

I personally hate this question, because it always doesn't address how to live comfortably into retirement

Cash Flow >>>>>>> Lump sum of Cash

I rather just have 70K a year after year from investments/assets for the rest of my life VS just $3 mill in the bank of with no investments/assets

 

[Easy-E]

To never clock in, again? $5 million

No work, no investments, no "plays"???? $10 million...no crazy car or home. Help my sister out. nobody else

 

[jilla82]

$10m

 

[jilla82]

I personally hate this question, because it always doesn't address how to live comfortably into retirement

Cash Flow >>>>>>> Lump sum of Cash

I rather just have 70K a year after year from investments/assets for the rest of my life VS just $3 mill in the bank of with no investments/assets

its assumed your money is invested with this convo

 

[Arizax2]

2.5 million with a paid off house.

• I'm putting enough extra cash to the principal of the house so that it is paid off a few years before I retire
• The money I would have put on the mortgage would go in as extra on my 401k
• Wife and I currently max out our Roth
• We both put in a good chunk to our 401k
• Have a brokage account to pump money into QQQM (Tech etf) & SCHD (growth divided etf)
• HYSA with Amex
• Been sitting on SHIBA coins for years hoping I hit big with it, still got bitcoin but banking on SHIBA just because of how cheap it is

 

[BaldingSoHard]

Retiring today? 8 million.
Retiring when I plan to retire, probably closer to 6.

 

[WIA20XX]

Pay bills, decent healthcare, a vacation her and there, and some emergency funds if need be.

When I did the math, just to live like I live NOW in my 70's and 80's, I'd need at least 10M in assets and an income stream of like 350-360k.

Let's just say, I'm a little short of 10M.

 

[WIA20XX]

I personally hate this question, because it always doesn't address how to live comfortably into retirement

Cash Flow >>>>>>> Lump sum of Cash

I rather just have 70K a year after year from investments/assets for the rest of my life VS just $3 mill in the bank of with no investments/assets

Cats need to have multiple rental properties.
Or a big enough stack that they can live off of bond income/interest.

Most white people don't have that.

Lotta folks that have "nothing" right now, are the richest they're ever gonna be.

 

[Laidbackman]

Once you have no more bills, and some good health and dental insurance, it doesn't take much.

 

[Ɀoᥱɣ]

Assuming you mean legit doing nothing to generate any more income probably around $10m-$20m if I go back up north which I would go back and forth between, considering my age and the fact inflation is only gonna get worse that's more than enough for me to get what I want and chill the rest of my life.

With investments $5,000,000 would flip like $500,000 into crypto especially now before the run ups and make probably $20m+ on the bullrun

 

[Guru]

Man, reading the numbers you guys are posting. My parents are retiring this decade and they don't have enough . I work so hard cus I know I'm going have to supplement them money (which I don't mind) when they retire. It's also taught me to prioritize saving early