How much is enough to retire?
Discussion
yes
Depends on your age and the way of life you expect.
30, family of 2 and a nice lifestyle in south east Asia
Depends on the country you live inš
Now Belgium, but as soon as retiring is an option Iām moving
It seems binary at the moment. Itās not going to zero, it may chop upwards for 10+ years but eventually itās just āeverything divided by 21Mā
So if youāre 10+ years out from retirement, probably not much.
As soon as possible
Iām currently exploring replacing my income with bitcoin and my spreadsheet generates a bitcoin $ amount that allows me to retire.
Grok was very helpful in generating all the spreadsheet stuff quickly.
History says never sell all your corn. So in your plan fund it with selling half of whatās left every 5 years and you should be good for the duration if you can live on the first 5 years. Thatās like a 14% cagr to not give yourself a COLA. If bitcoin beats that then you have a cost of living adjustment.
Thereās only been two periods of 5 years that are less than that CAGR out of 123 in bitcoins existence.
For me, 20 times annual household expenses, divided by the 200WMA.
I think it takes about 15-20 tc to retire in thailand and live a good life
Mate I can easily retire in Europe on 20 btc lol
buy a house with some land, pay for your childrens education ā¦ š of course you can retire, the question is always how (just my opinion)
Why do you need to buy a home? Why lock up wealth in something illiquid as a house?
that's what i've always thought, but outside of europe, where property is your property, it can be good to own your own land
Interesting. Never thought about it outside Europe..
Neither did I until my child was born
So what places are interesting for you? Iām very curious to learn more about it
The state congressmen's office.
that's the difficulty ... before I read about it, I thought maybe it was the less populated areas of the US ... the more I found out about it, the more I realized it's not much different than here. Switzerland and Liechtenstein were right out because of their size. I don't have a solution yet.
Infinite, or none. Retire your cravings, then be free.
350 times your monthly costs. Assuming you can get a net 3,5% p.a.
Interesting
Problem as usual are taxes and inflation. You must get 3,5% after compensating both. While most European countries report an inflation of 5%, real monetary inflation (M2) is often 10-20%.
You can look at it also as 3,5% above S&P500 and after taxes. Then you're safe.
But remember Genesis 3:17: "cursed is the earth in thy work; with labour and toil shalt thou eat thereof all the days of thy life. "
It depends
The easiest way to be ārichā is to desire little. Then you can retire sooner.