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UnevenEdge

How much $$ u need to retire for good? (No flamers please)


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Posted
4 minutes ago, Nabloom said:

Like $500k could probably carry me through to 70. Something like 12 a year 

I wish i could live off $1000 a month. Maybe if i didn't have a car or car insurance 

Posted
Just now, fuggstop said:

No flamers please

Being a flamer implies I am gay, and you should be ashamed with your choice of words. 

But i will address this as a question. You could live comfy, with a child for $1000 a month?  

You must be getting disabilty too

Posted
10 minutes ago, Buddyroe360 said:

Being a flamer implies I am gay, and you should be ashamed with your choice of words. 

But i will address this as a question. You could live comfy, with a child for $1000 a month?  

You must be getting disabilty too

I said i wish i could

Posted
1 hour ago, fuggstop said:

I calculated to age 70

I need $1,760,000

To live comfortably 

You?

does that number consider inflation? are you investing it, or is it sitting in a junk-ass savings account or hiding under your mattress? will you have other sources of income / aid? do you plan on leaving anything for the child when you kick off?

i don't know why i'm putting effort into this.

Posted
17 minutes ago, wacky1980 said:

does that number consider inflation? are you investing it, or is it sitting in a junk-ass savings account or hiding under your mattress? will you have other sources of income / aid? do you plan on leaving anything for the child when you kick off?

i don't know why i'm putting effort into this.

Working on finding insurance while bipolar next year. But ive been denied due to hospitalizations due to suicide attempts 

Posted
1 hour ago, fuggstop said:

Working on finding insurance while bipolar next year. But ive been denied due to hospitalizations due to suicide attempts 

this has nothing to do with your retirement needs, but good job on emphasizing those deficiencies once again.

Posted
1 hour ago, SwimModSponges said:

Well, im a millennial, so more than i will ever have in my wildest dreams.

You have a house. You can't be a millennial anymore.

Posted
14 minutes ago, SorceressPol said:

5 million would make me confident that I won't have to ever work an office job again and keep writing.

Why so much? Damn.

I guess its good to think big.

Posted
2 minutes ago, fuggstop said:

Why so much? Damn.

I guess its good to think big.

Traveling, dealing with health issues when they come up, ready-made food and takeout during months I can't cook, making stuff from my books(jewelry, art, clothes), and money to cover downtime when I'm slow with editing.

Posted
6 hours ago, fuggstop said:

Im not putting my age on here for you doxxers

So you'll share pretty much everything about yourself, but your age is how you think people will get you?

  • Like 1
Posted
1 minute ago, scoobdog said:

As fat as you are, there's no way you ain't.

You know skinny people are born with diabetes, too, right? Its not necessarily a weight issue.

But i dont and i limit my consumption of sugar

Posted
4 minutes ago, tsar4 said:

All the investment information that I've come across lists that everyone needs at least $1,000,000 to retire.

 

Yah at retirement age. The question is how much do you need to retire NOW

Posted
21 minutes ago, scoobdog said:

You being obese exponentially increases your likelihood of developing Type 2 diabetes.

Doesnt mean i am now and the risks can be bought down by getting healthier 

Posted (edited)

The easiest way to figure it out would be to take the difference between age you think you'd normally retire at and the age you think you'd live to.  Take that number of years and divide the million by it.  

Take that number & multiply it by the difference between your current age and normal retirement age, then add the original million.

So if you expected to retire at 68 and based upon family history you could expect to live for another 30 years, you'd divide the million by 30 or $33,333 per year.

Let's say you're currently 40, 68-40=28.  28x$33,333 = $933,324.  Add the original million and you'd need $1,933,324.  And this is without including inflation.

Edited by tsar4
Posted
23 minutes ago, fuggstop said:

Doesnt mean i am now and the risks can be bought down by getting healthier 

You need to lose half your body weight, at least, for that to happen.

Posted

I'm not fucking with you.  Diabetes is a nasty disease, and as much as I like to poke at you, I don't want you to have to go through what my dad went through.

Posted
1 minute ago, scoobdog said:

I'm not fucking with you.  Diabetes is a nasty disease, and as much as I like to poke at you, I don't want you to have to go through what my dad went through.

Meh. Grandma had it. Lived past 80. 70 would really push my fucking patience. Fuck...60 would be a lot for me. I put up with a lot of b.s. probably be killed by a white racist doctor (not saying that for no good reason either)

Posted (edited)
4 hours ago, scoobdog said:

It's not just your lifespan that's impacted, it's your quality of life.

Goddammit Scoob, let nature do it's thing.

There is a reason the dodo is extinct.

Edited by Buddyroe360
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