How much money do you need to never work again?

How much money do you need to never work again?

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just living is work

you need a pact with Satan

About 5 million.
You invest 5 million in tax free muni bonds earning 3% interest
you take your 150,000 in interest and live off it, reinvesting in muni bonds as they mature.

1 mln Euros in Romania now.

Depends on your lifestyle I could live for the next 40 years perfectly fine with 300k so with one million im set for life

500k

Depending on standard of living expectations, local taxes and costs of living, and your aversion or lack thereof to risk, from 500k to 1 mil minimum.

a burge costs a dollar, a gallon of water costs 75 cents

roughly 2 dollars a day
365 days
80 years
60,000 USD just for food

>strg+f zero
>null results
Fucking wagies can't even into humour. Have fun slaving for us neet master race you literal cucks

Does it looks like to you like if billionaires ever have enough money? They die not spending the money. Some spend it all, but still never have enough of it, they constantly chase money. There is no such thing as peace of mind, which is why rich people need to fuck lots of hookers, horses and children to prove they can do it, since stopping being greedy is out of question.

Enough to where you can get by with a 3-5% annual return on investment.

More

Realistically around 1.5mil.
Buy house for up to 200k.
Invest 1mil and you'll be getting 50k/year if you know what you're doing.
Keep 300k for expenses if you need to wait out an economic crisis or something.
3% is shit.

100,000, and I'll still work the rest of my life. Just would never have to worry about bills.

It depends on your expectations. I'm happy with renting an apartment, not having kids, and being able to buy clothes, books, entertainment, and a bit of travel. For me, the basic level for this would be about $30,000 a year, after tax, or $50,000 after tax for living with a lot of comfort.

Assume you'll live until 100 and that interest will be greater than inflation. Take the number of years you have left and multiple by one of the above figures.

The trouble for me is that I'm not a lazy fuck and I really enjoy working, especially when I'm doing something I believe in and which connects me well with other people.

based

3% IS shit. What would you do?

this equation is a good rule of thumb:

your annual expenses < 3% of your invested savings

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Low interest rates because the interest is tax free.

3% is the muni rate of interest. Its tax free. If I had 5 million I would invest in muni bonds at 3% and live out my days tax free.

6 million and you will have to be very frugal

>A burger and gallon of water per day
American diet

Probably 15-20 mil

Index funds mostly.
Consumer staples and such after a major crisis.
Even if you invest exclusively into S&P500 or DJIA index funds you should average out to more than 5% which is what you need to do what I described.
The cash you kept is for spending in case your investment does poorly in the short term or if you have a good investment opportunity (after a crisis, etc).

Everyone is a middle class faggot on this board

And then there's a low class faggot like you

About tree fiddy

Capital gains taxes are pretty low in the US.
I wouldn't take a 3% tax free interest vs a 5% with 15% tax (which is what it will be for most people).
But I suppose if you just want to be really safe and make sure you can't lose anything municipal or any other govt. bonds would be a bit safer.

Depends on the lifestyle you want. Middle or upper-middle class lifestyle would be $2.5 million or more if invested conservatively or semi-conservatively. If you only want a lower middle-class lifestyle, $1 million would do it if invested conservatively or semi-conservatively.

Awful idea and poorly informed as well.

>How much money do you need to never work again?

My wife and I approached it as a math problem.

We wanted enough money so that the stock-market returns will pay for our living expenses (about $40,000 per year), plus also allow our net worth to grow by the rate of inflation (which we figure at 3% per year right now).

So we both retired last year when we reached $2.5 million dollars in net worth.

We assume an average stock-market growth of 5% per year. Of that 5%, we can't touch 3% of it, to account for future inflation. So that leaves us with 2% to live on.

Doing the math: $2.5 million times 2% per year is equal to $50,000 per year. That amount allows us to cover our $40,000-per-year living expenses, with a little extra margin of safety.

500,000 with wise investment

About £1million in property would give you a very nice middle class income here in the UK. £0.5 million would give you a decent working class income.

Of course you could live outside of the UK and get by with a lot less.

In what reality do you only have to pay 15% income tax in America?

Take this strategy further. Double the initial capital, keep the spending the same and compound your way to further riches in future.

$2.5 million in net worth is not the same as $2.5 million in cash, which is what you're describing.

It's not income tax.
It's capital gains tax. There is a different tax for capital gains and the tax on your wages.
One of the reasons the rich actually pay less taxes than most people think.

>Middle or upper-middle class lifestyle would be $2.5 million or more if invested conservatively or semi-conservatively.

Strategically, only part of that $2.5 million should be invested conservatively. A nice chunk of it can actually be invested fairly aggressively.

The fact is that you only need about 6 to 10 years worth of living expenses saved up in cash. If the market goes down sharply, it is very likely to recover within 6 years -- and you can just live off your cash during that time. If 6 years feels too short, then up it to 10 years in cash.

I currently have about 12 years of living expenses in cash. So for me that's about $500,000 in cash, and then the remaining $2.0 million dollars I have invested in the stock market. That's an asset allocation of 75% in stock, which is usually not considered to be "conservative". But it really IS conservative, if you look at it from the perspective that I have 12 years of cash saved up to weather a bad stock market.

Are you from USA? You seem know more about our taxes than most burgers do.

20 million. Enough for a nice, big comfy house in a great neighborhood, and enough left over to live well

You need 2 decent houses.
rent out one house and live off that rent.
Sell it when you get old and it's worth more.

Even if I didn't need the money I'd still work.

I teach for a living and I love teaching. I'll keep doing it until I have a heart attack or a stroke in the middle of a lecture.

No, just studied finance/economics for 2 years before changing majors and the taxes are kinda important.
Checked google for exact numbers.

Someone please explain to this fucking leaf that short term capital gains are taxed as regular income and interest is not capital gains.

>$2.5 million in cash, which is what you're describing.

No, I didn't say that it was all in cash. In fact, I specifically said that I assumed a growth of 5% per year -- and the only way to get that level of growth is to be mostly in the stock market.

It's insane for anyone to have $2.5 million in cash, if they only have annual living expenses of $40,000. Nobody needs more than about 10 years worth of living expenses in cash. If the stock market has a rough period, it's almost certain to recover within 10 years.

Was this film good? Only thing I remember is a guy saying how bad socialism was and the cucks in the theatre laughing at this.

>literally living on the poverty line
What are you some starving nigger in Congo Kongo Mongo

That's only $7500 a year. How could you do that?

> Invest 1mil and you'll be getting 50k/year if you know what you're doing.

> Trading is ez bro

This would also constitute work, wouldn't it? "Know what you're doing" = "pick a good hedge fund"?

> 3% is shit

3% is actually almost risk-free, though, with government bonds.

If you never want to work again, you don't want to be risky.

I'm in Finance (buy-side) and plan to retire once I have ~2mil and the house is paid off.

Fucking this.

Why can't people understand that living is work... ffs

>Strategically, only part of that $2.5 million should be invested conservatively. A nice chunk of it can actually be invested fairly aggressively.
There's a reason why generational wealthy families stay that way: they're not invested aggressively. Generally, they hold a lot of bonds and what little amount of their portfolios are dedicated to stock is invested in very old, stable companies. There's a saying: "You only need to get rich once."

>The fact is that you only need about 6 to 10 years worth of living expenses saved up in cash.
Cancer.

>and you can just live off your cash during that time.
Burn through your assets? Super cancer.

>I currently have about 12 years of living expenses in cash...
Bullshit.

>and then the remaining $2.0 million dollars I have invested in the stock market
Again, bullshit, but I'll humor this; what are you living off of?

I don't know how he would do it, but here you would be able to buy a small house near the Amsterdam city centre, rent it out with AirBnB for 200 euro per night pretty much all year round, and be set for life.

You have no fucking clue what you're talking about, please stop.
t. someone actually in Finance

This

I turn into a complete lazy depressed degenerate when I don't work for more than a few months.

Definitely a good goyim.

pay someone 1% to get average 6-7% annual returns

> My wife and I approached it as a math problem.

GEE, YA THINK?

Your math is off, anyway.

>This would also constitute work, wouldn't it?
Only if you don't use a broker and choose to do it yourself. Most people have someone else manage their money

With the world as it is, if you had 9 million dollars right now, what would you do with it?

Not much. Just enough to get a farm and technology to make you self-sufficient.

Not a single person here talks about how kids cost money...
>"why is the white race dying? Must be da j00s"

about tree fiddy

I know, I'm that person who manages your money.

But the guy said "if you know what you're doing"...

Kids cost money for whites, but everyone else can raise 8 Muhammads from our tax dollar gibs.

The money we need to raise our own children, we instead pay to shitskins so they can breed.

Explain how this policy isn't due to da j00s

yes they can get basic education so that their shitskin children can become factory workers.

Total amount of money doesn't matter, the rate at which you receive money is however.

Hi 2014, tell me more about your rapefugee immigration justification propaganda

You don't even understand what I'm talking about and your math is completely off. I don't believe a fucking word you're saying.

you could live the rest of your life on a less than a couple million.

Probably around 1 or 2 million to live comfortably. Maybe half that if I moved to the Philippines or someplace similar.

Not all of us eat like degenerates. I drink burger smoothies with kale.

in theory, if you invested wisely, you could turn any amount of money into enough to live without working

100K should be enough to chill for the rest of your life in Thailand

>mfw americans even do calculations in burgers

How do I get rich with the internet without shilling for CTR?

I really want to wake up every morning and find $500 in my Paypal every day.

I just let the wagecucks pay for my luxurious NEET lifestyle

ZING

my friend's dad (korean) worked for a short while as a college professor in the UK and then moved to Philly with his mom where they had him. He worked for a wallstreet firm (not sure what role, some kind of analyst or risk management) but at their branch in Philly. Was laid off in late 07 with a sizable bonus.

His dad is like mid 40's and hasn't worked since besides doing some freelance shit. They live in nice 600-700 thousand dollar home. He literally just wakes up and fucks off to the bar or casino with his friends. lol

Get a rich dad

Average stock market growth ~10%
Average Inflation Rate ~2%
Average real stock market growth ~8%
1 million in stocks is around $80,000 in real gains per year
That seems sufficient I'd recon. So the number is less than 1 million.

>being poor

>taxes

gov will take like half unless you it as part of some retirement savings plan

so 40000 net

>Average real stock market growth ~8%
>1 million in stocks is around $80,000 in real gains per year
Too bad you can't live off of that considering you'd have to sell your portfolio to realize that gain. :^)

Top cap gains rate is 23.8% including the Medicaid surtax. Capital gains are progressive so it's mathematically impossible to pay that 23.8% rate or more.