Current Events > How much do you need to retire at 50?

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MedeaLysistrata
12/20/20 11:51:23 AM
#1:


I have 20 years to make it happen lol

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Steffenfield
12/20/20 11:55:58 AM
#2:


Somewhere around $1.2 million.

That would let you live in abject poverty at $30k per year for 40 years.
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Unsugarized_Foo
12/20/20 11:57:12 AM
#3:


Enough to where the passive investment of your money can replace your income

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MedeaLysistrata
12/20/20 11:57:18 AM
#4:


Steffenfield posted...
Somewhere around $1.2 million.

That would let you live in abject poverty at $30k per year for 40 years.
That's not too bad

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J03can
12/20/20 12:01:20 PM
#5:


Steffenfield posted...
Somewhere around $1.2 million.

That would let you live in abject poverty at $30k per year for 40 years.
Like assuming you dont invest it in something safe. Pulling 3% of 1.2million is 36k on its own

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3PiesAndAFork
12/20/20 12:01:32 PM
#6:


Steffenfield posted...
Somewhere around $1.2 million.

That would let you live in abject poverty at $30k per year for 40 years.
Invested at a 5% rate of return you could get 60k/year indefinitely.

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gafemaqs
12/20/20 5:33:01 PM
#7:


3PiesAndAFork posted...
Invested at a 5% rate of return you could get 60k/year indefinitely.
Welcome to your new life of deferred payments

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unknownhombre
12/20/20 6:01:25 PM
#8:


It depends on what your end goal is. Like where you want to live, what your expenses are//will be, healthcare costs, etc.

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