WVU Posted September 21, 2018 Report Share Posted September 21, 2018 Deserves its own thread. Let's assume you have no mortgage. How much would you need? Quote Link to comment Share on other sites More sharing options...
Monitor-Tan Posted September 21, 2018 Report Share Posted September 21, 2018 whatever brockstar has Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted September 21, 2018 Report Share Posted September 21, 2018 Deserves its own thread. Let's assume you have no mortgage. How much would you need? That's an unrealistic question then. I have a mortgage. So I would have to factor that in if I was going to retire right now. Quote Link to comment Share on other sites More sharing options...
sleepy Posted September 21, 2018 Report Share Posted September 21, 2018 5k a month for the next 30 years 1.8 million Quote Link to comment Share on other sites More sharing options...
IAG Posted September 21, 2018 Report Share Posted September 21, 2018 How old are you at retirement age? Quote Link to comment Share on other sites More sharing options...
WVU Posted September 21, 2018 Author Report Share Posted September 21, 2018 That's an unrealistic question then. I have a mortgage. So I would have to factor that in if I was going to retire right now.OK fine. Assume nothing Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 21, 2018 Report Share Posted September 21, 2018 There are so many variables I am basing my retirement on revenue stream more than anything as I don’t want to have to sell any assets when inretire Quote Link to comment Share on other sites More sharing options...
WVU Posted September 21, 2018 Author Report Share Posted September 21, 2018 How old are you at retirement age?62 for reduced social security benefits Quote Link to comment Share on other sites More sharing options...
Monitor-Tan Posted September 21, 2018 Report Share Posted September 21, 2018 62 for reduced social security benefits let me ask my mom.. answering Is nothing cuz she's piggybacking off my ass till she dies.. Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 21, 2018 Report Share Posted September 21, 2018 let me ask my mom.. answering Is nothing cuz she's piggybacking off my ass till she dies..You’re a good Asian son Monty Quote Link to comment Share on other sites More sharing options...
IAG Posted September 21, 2018 Report Share Posted September 21, 2018 62 for reduced social security benefitsI suppose it depends how much your Social Security is, if you live with another person to split bills etc, but I have always heard 1 to 2,000,000. I know that’s a pretty broad range. Quote Link to comment Share on other sites More sharing options...
Monitor-Tan Posted September 21, 2018 Report Share Posted September 21, 2018 You’re a good Asian son Monty this is exactly what it is.. my sister got away clean.... Quote Link to comment Share on other sites More sharing options...
MadTiger Posted September 21, 2018 Report Share Posted September 21, 2018 let me ask my mom.. answering Is nothing cuz she's piggybacking off my ass till she dies.. She hosted you for forty weeks. It's the least you can do. Quote Link to comment Share on other sites More sharing options...
Monitor-Tan Posted September 21, 2018 Report Share Posted September 21, 2018 She hosted you for forty weeks. It's the least you can do. I want to say that to my sister as well but... oh well... i'm stuck by myself.. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted September 21, 2018 Report Share Posted September 21, 2018 It's how much money do you want to retire because what you need is way less. Quote Link to comment Share on other sites More sharing options...
IAG Posted September 21, 2018 Report Share Posted September 21, 2018 I want to say that to my sister as well but... oh well... i'm stuck by myself..You’re a good son. Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 21, 2018 Report Share Posted September 21, 2018 It's how much money do you want to retire because what you need is way less.Really depends where you live and the activities you want to enjoy in your golden yearsI know people that retire with an income of 30k that’s not much here Quote Link to comment Share on other sites More sharing options...
IAG Posted September 21, 2018 Report Share Posted September 21, 2018 https://www.inc.com/business-insider/how-to-retire-as-a-millionaire.html Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 21, 2018 Report Share Posted September 21, 2018 Rito started a thread like this and people were saying 5-10 million which is unrealistic IMO Quote Link to comment Share on other sites More sharing options...
IAG Posted September 21, 2018 Report Share Posted September 21, 2018 Rito started a thread like this and people were saying 5-10 million which is unrealistic IMOAgree...that’s completely unrealistic for most people...like not even remotely realistic for most people. Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted September 21, 2018 Report Share Posted September 21, 2018 Really depends where you live and the activities you want to enjoy in your golden yearsI know people that retire with an income of 30k that’s not much hereYes. I've seen people that retired with 350K in their 30s. It all depends on what your expectations are. Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 21, 2018 Report Share Posted September 21, 2018 Yes. I've seen people that retired with 350K in their 30s. It all depends on what your expectations are.On top of owning a house or was that their net worth Quote Link to comment Share on other sites More sharing options...
Always Call Heads Posted September 21, 2018 Report Share Posted September 21, 2018 On top of owning a house or was that their net worthNet worth. There are some clever people out there. I watched a video the other day on a guy that moved out to the Texas desert and was trapping rain water and taking solar showers. Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 21, 2018 Report Share Posted September 21, 2018 https://www.inc.com/business-insider/how-to-retire-as-a-millionaire.htmlStrange I read articles where the vast majority of retirees will still have a mortgage That might just be specific to Canada though Quote Link to comment Share on other sites More sharing options...
Dingo Posted September 21, 2018 Report Share Posted September 21, 2018 Net worth. There are some clever people out there. I watched a video the other day on a guy that moved out to the Texas desert and was trapping rain water and taking solar showers. I guessWe have tons of people here now living in Tiny Houses renting land off peoplePersonally I am a control freak so I couldn’t allow myself to be vulnerable like that Quote Link to comment Share on other sites More sharing options...
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