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UnevenEdge

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


fuggstop

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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

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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.

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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 

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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.

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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.

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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
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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)

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