>Invest 1 million dollar safely at the bank for 5% apy >0.05x1million is $50.000 a year >$50k a year devided by 12 = $4133 a month
if you cant live of this, you are doing it wrong
maybe if you're old af already. a 20yo can retire with $3 million today.
Yes, purchase high yield (~10%) dividends and you will have 100k a year doing nothing. Depends on how comfortably you need to live in retirement, but that is solid for most people.
Yes you easily can, if you are 50 years old, or older.
In the US? No
In a developing country? Yes
Some recommendations: Malaysia, Georgia, Thailand, Uruguay, Panama, and Croatia are all pretty good for the cost. There are plenty of others too.
at 20y you have 50/60y ahead
which means the purchasing power of that money is gonna be (assuming you are really lucky and fiat currencies don't go to zero, were they belong) around 300k if you keep them in cash
if you invest them, you need to be really fucking frugal, and stocks and bonds will never outperform inflation, so it's like controlled slow bleeding
so no, you cannot comfortably retire
But you can, you can reinvest most of the yield, make an LLC that pays out minimum wage each year, and then apply for gov gibs and social programs.
Whenever you want to make a big purchase, you can make the company buy it and rent it to yourself as work inventory and write it off tax
Yes, purchase high yield (~10%) dividends and you will have 100k a year doing nothing. Depends on how comfortably you need to live in retirement, but that is solid for most people.
In 1992 maybe. Here's the new retirement goal (assuming you own your house and don't have a mortgage and don't consider it an asset as part of your net worth) and you want to retire RIGHT NOW in tyool 2023:
Retire in your:
20s: 40 million dollars
30s: 25 million dollars
40s: 15 million dollars
50s: 8 million dollars
60s: 2 million dollars
By your 70s+ you've already cemented the rest of your life. Either you've got enough off social security to live and your past investments or it's wall mart greeting for you.
If you live not the best. 30000 is all you need to live in some places. That’s 33 years. I would say you need to have 2 million at least and some extra (and I mean from working some poop job like retail) so you can actually live. At 30 you can retire off that
You retards do realize you will want to go on vacations and keep up with inflation and leave money to your kids as you age right? If retirement to you is just gooning and smoking weed then sure, go ahead and retire on 500k.
In the US? No
In a developing country? Yes
Some recommendations: Malaysia, Georgia, Thailand, Uruguay, Panama, and Croatia are all pretty good for the cost. There are plenty of others too.
Croatia is nice, but I would recommend slovenia, particularly north-west border to Austria. Absolutely beautiful scenery, slovenia is also quite cheap but has a relatively good economy for a balkan state and you can reach either nature, the sea, a bigger city, the alps etc all within around 1h.
how's 1 year sound
If you put it into a high yield index fund, yea
Yes you can
>Invest 1 million dollar safely at the bank for 5% apy
>0.05x1million is $50.000 a year
>$50k a year devided by 12 = $4133 a month
if you cant live of this, you are doing it wrong
retards
5% from a bank is like a months old abberition. 2years from bow when rates are zero again that same account will pay .5% if your lucky.
What?
>when rates are 0 again
This will just create even higher inflation and even higher rates.
>Invest 1 million dollar safely at the bank for 5% apy
past performance is not indicative of future results
and banks are not safe
spotted the bitcoin maxi
maybe if you're old af already. a 20yo can retire with $3 million today.
at 20y you have 50/60y ahead
which means the purchasing power of that money is gonna be (assuming you are really lucky and fiat currencies don't go to zero, were they belong) around 300k if you keep them in cash
if you invest them, you need to be really fucking frugal, and stocks and bonds will never outperform inflation, so it's like controlled slow bleeding
so no, you cannot comfortably retire
But you can, you can reinvest most of the yield, make an LLC that pays out minimum wage each year, and then apply for gov gibs and social programs.
Whenever you want to make a big purchase, you can make the company buy it and rent it to yourself as work inventory and write it off tax
Yes, purchase high yield (~10%) dividends and you will have 100k a year doing nothing. Depends on how comfortably you need to live in retirement, but that is solid for most people.
I always hear this but I feel like there’s a catch. In this modern israelite hell, sounds too good to be true
Catch is you're likely getting between 5-6% yield and you gotta pay tax on the earnings
If you're living soley off investments and are married you won't pay taxes on the first 80,000 per year
Yes you easily can, if you are 50 years old, or older.
In 1992 maybe. Here's the new retirement goal (assuming you own your house and don't have a mortgage and don't consider it an asset as part of your net worth) and you want to retire RIGHT NOW in tyool 2023:
Retire in your:
20s: 40 million dollars
30s: 25 million dollars
40s: 15 million dollars
50s: 8 million dollars
60s: 2 million dollars
By your 70s+ you've already cemented the rest of your life. Either you've got enough off social security to live and your past investments or it's wall mart greeting for you.
Kys cosdoooooooomer
>40m
If you live not the best. 30000 is all you need to live in some places. That’s 33 years. I would say you need to have 2 million at least and some extra (and I mean from working some poop job like retail) so you can actually live. At 30 you can retire off that
Your actually retarded or addicted to buying shit
What I mean by not the best is literally just average
'Retiring on sum X' doesn't mean you put the money in a box and take out some amount every year
jesus lmfao what a board
You retards do realize you will want to go on vacations and keep up with inflation and leave money to your kids as you age right? If retirement to you is just gooning and smoking weed then sure, go ahead and retire on 500k.
In the US? No
In a developing country? Yes
Some recommendations: Malaysia, Georgia, Thailand, Uruguay, Panama, and Croatia are all pretty good for the cost. There are plenty of others too.
Croatia is nice, but I would recommend slovenia, particularly north-west border to Austria. Absolutely beautiful scenery, slovenia is also quite cheap but has a relatively good economy for a balkan state and you can reach either nature, the sea, a bigger city, the alps etc all within around 1h.
pic related, bled in slovenia
yes if you dont plan to retire in a muh first world cuntry
no
can you?
Yep, google Detroit Michigan.
FreedomCoin, coins at home frens
https://swap.freedomcoin.global/
If you can't retire on $1mil in any country in the world you don't belong here
You can retire on 3k.
It's not worth participating in the economy unless you want to accomplish something.
not anymore