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TopicWhat's the lowest amount of money you would need to be set for life?
TheMikh
08/08/23 6:11:30 AM
#11:


at a "healthy" inflation rate by fed standards, $3.5m today would be worth $1.27m (today dollars) in 50 years. at the 2022 inflation rate, $3.5m today would be worth $54k (today dollars) in 50 years. the reality is somewhere in between, assuming all hell doesn't break loose due to government failure to pay off debt obligations and not accounting for the general trend of dedollarization in the global arena.

if i wanted to be set for the rest of my life, i would not want to hold any more dollars at any given point in time than i need to pay bills and make day to day purchases, ideally obtained by liquidating assets that are less blatantly prone to inflation as needed.

but to answer your question, if the worst case scenario for long-term devaluation of the dollar is full weimarization, the lowest dollar amount i'd need to feel comfortable living off of for the next 50 years is 5-10 quintillion dollars.

in a perfect world with zero inflation from where we are now, i'd do fine with 5-10m.

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