What's your tapout number to retire?

[Doctor Amadeus]

What's your tap out number for retirement?

If you retired what would you do?


Personally for me $5 million is enough $2,000,000 set aside for cash $1,000,000 in. Trust for taxes on every thing I own no payment and $3,000,000 invested in 2 or 3 properties I rent out. The rest if put in clean energy and clean water technology. If I have any left over it would go for investing in bio medical technology like growing organs and hearts.

[Ghostpanther]

Been retired since I was 53. And actually my goal was to retire at 55. But because of some early blessings, I got to retire 2 yrs earlier. Since I been retired I been doing a lot of different things and mostly a lot of improvements to my homestead. Never have had a boring day yet and every day feels like a Sat. But this was all planned from the time I was about 20 and in the Army. Took many years of sacrifice and planning.

How much a person will need depends on what they want to do and their own personal obligations. For myself, I had everything paid for when I retired and if your living expenses are low, ( no rent, house. car payments, etc. ) you will be surprised at how less you will need.

[Doctor Amadeus]

Been retired since I was 53. And actually my goal was to retire at 55. But because of some early blessings, I got to retire 2 yrs earlier. Since I been retired I been doing a lot of different things and mostly a lot of improvements to my homestead. Never have had a boring day yet and every day feels like a Sat. But this was all planned from the time I was about 20 and in the Army. Took many years of sacrifice and planning.

That is pretty fucking awesome. Trying to get there myself. Probably 5 to 10 years the only worry I'd have is enjoying it just below 50. Might feel like something's passed me by.

- - - Updated - - -

How much a person will need depends on what they want to do and their own personal obligations. For myself, I had everything paid for when I retired and if your living expenses are low, ( no rent, house. car payments, etc. ) you will be surprised at how less you will need.

Yeah true, I don't plan on living in Hollywood I done need a million dollar home. $1,2 million is more than enough paid off some land. And a account just for taxes and expenses paid by the interest earned.

I don't need 6 Lamborghinis, just a couple nice cars paid off, that's it maybe a toy or two, just peace and seclusion.

Oh and watching Matlock and Columbo on a big screen sipping lemonade.

[TrumpIsPresident]

Not intending to rest solely upon the US dollar.

[breadisfunny]

Not intending to rest solely upon the US dollar.

let me guess your going with gold......

[Doctor Amadeus]

Not intending to rest solely upon the US dollar.

Yeah got gold but nothing insane. Just buy a couple properties maybe an island paid off then youre in pretty good shape.

[melodramocracy]

I really have no idea. Effectively it could be under a million if I were a savvy trader, but I highly doubt I'll ever get to actually retire.

[Gamdwelf]

I could with about 1 million any more is just better.

[Deleted]

The hilarious delusion of people thinking they'll become millionaires.

[breadisfunny]

5,000,000 will be the new million by the time i'm ready to retire. assuming i live that long.

[Underverse]

Never will retire.

[Aggrophobic]

Could I like sell the business and buy something else? Must I sit at home, doing nothing?
I don't think I can ever really retire. At least not as long as I have my health.

[Felya]

Never... If I had no need for money, I'd get a job doing what I like. Maybe start a web comic... Dive deeper into games and movies, then share my expertise... I like working, I don't like doing shit I don't want to do...

[Valech]

The hilarious delusion of people thinking they'll become millionaires.

You misunderstood this thread.

[Deleted]

What if you retire under a bus one day. What if you find out you've got terminal cancer and retire in the next two years. But hey, make those plans. Plan ahead, save for when you're like 70, even if you're not even 30 yet. Cos surely nothing bad can happen to you in those 40 years, and why live life in your 20s and 30s, when you can live life when you're a septuagenarian. Right?

You misunderstood this thread.

No no, I got it. People think they'll save up and have a million on their bank accounts some day. Some even five million.

[Garnier Fructis]

Never will retire.

This. My retirement plan is death.

[melodramocracy]

No no, I got it. People think they'll save up and have a million on their bank accounts some day. Some even five million.

No, you don't get it, as no one here actually said that, and it wasn't the question in the first place.

[Felya]

What if you retire under a bus one day. What if you find out you've got terminal cancer and retire in the next two years. But hey, make those plans. Plan ahead, save for when you're like 70, even if you're not even 30 yet. Cos surely nothing bad can happen to you in those 40 years, and why live life in your 20s and 30s, when you can live life when you're a septuagenarian. Right?

No no, I got it. People think they'll save up and have a million on their bank accounts some day. Some even five million.

You do know that imagination is not limited by reality? What exactly is wrong with people pretending they can be millionaires? If someone starts a thread asking what's a superpower people want... I don't think you will need to tell people they will never be able to fly...

[Deleted]

Imagination? Seems a bit poor to me, if you imagine yourself as just another random millionaire on planet Earth, as someone who lives a blink of an eye and then stops existing.

If you're using your imagination then by all means, you mustn't be afraid to dream a little bigger darlings.



How about living forever and exploring the limits of existence? Nah, I'd just rather have five million bucks, retire and die.

[Felya]

Imagination? Seems a bit poor to me, if you imagine yourself as just another random millionaire on planet Earth, as someone who lives a blink of an eye and then stops existing.

You honestly cannot imagine that people's imagination is not limited to the confines of this thread?

If you're using your imagination then by all means, you mustn't be afraid to dream a little bigger darlings.

You mean go completely off topic?

How about living forever and exploring the limits of existence? Nah, I'd just rather have five million bucks, retire and die.

Uhm... This thread is talking about the point of retiring as a financial benchmark. How exactly is talking about exploring limits of existence fit in to that? Are you drunk on narcissism or just drunk?