Making it is 2.5m.
That's 50k a year for 50 years. Anything less is not making it.
Making it is 2.5m
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How much to make it lite?
you only need 25 years of living expenses to make it assuming 4% withdrawal rate.
You shouldn't touch that principal tho, instead invest in stocks and get dividends which should net way more than $50k anyway
and also to me that's around $625k
but i would make do even with $500k
I'll never understand needing
I live in silicon valley, 50k a year is the minimum.
I can too if I live with mommy and daddy. In fact I spend $0 per year thanks to them so get on my level
Based. Thanks for doing the math for me
Is this bate or are you implying something? I live on my own and don't spend money. I stack it
In Brazil 2.5m dollars can earn you 150K a year on interest alone.
2.5m in a REIT is like 250-400k a year in long term dividends
so then move out of your overpriced city
Your gonna all in on a index fund? Seems risky af, 2.5m is alot. Why not mitigate risk alittle with some hard assets?
leave that shithole asap wtf
50k is borderline homeless in SV
more like $100K
>50K a year
Holy shit are you eating gold for breakfast? I easily live off 15K a year in a western country
rent is like $3K/month in the bay area
Yeah, rent is a biggie. I'm personally targeting 8m for forget about money kinda money.....although unless you were a multi billionaire, I don't think you'd ever really forget about money, considering some yachts are >150m each...
decamillions are enough for me. it's all about never working for some cocksucker redditor manager than having a boat, mansion, etc.
What about inflation? 50k/year is effectively less and less every year.
1 million:
100k in an extremely low risk safety net that you draw down on in years when the market loses money.
900k in boomer etfs that will beat inflation by at least 5% per year (remember that you're not drawing any down in a red year, too).
That's a manageable $45k per year and it goes up with inflation. So $1 million is enough to make it even in a western country.
>paying 3K/month too live in a spic infested moldy shoe box
You must be retarded to stay there
100 mil is making it
If you make 2.5 million, does that mean you have to write a check to government for at least ~$375,000 (15% long term gains)? If your shitcoins don't have fiat pairs and you have to make a trade in order to cash out and it does it become short term gains? (40% tax)
JUST
How much do I need to make it in Thailand or Vietnam?
That's about 62k a year for infinity in a high yield savings account with a 2.5% interest rate
You could do even better if you were getting
dividends with that money.