realistically how much money do u need in the bank to retire

[ihatereddit]

lets say u invest in bonds or some conservative shit at 5% per year, you can live anywhere including third world countries but obviously not some failed state shithole where you get murdered
how much?

 

[ihatereddit]

Brutal noreply

 

[Olympus]

100k plus

 

[ihatereddit]

100k plus

that's 416 USD per month at 5% where is this enough? haiti?

 

[CkldPsycho]

5% per year jfl this is 2025 not 2005

But the math is simply, the 5% you earn should cover your expenses plus inflation

 

[Olympus]

that's 416 USD per month at 5% where is this enough? haiti?

Idk I just thought this was a general idea for every country.

 

[Magnus Ironblood]

For the countries I love - I'd need like 400k USD minimum. But for my lifestyle I'd want quite a bit more.

 

[ihatereddit]

5% per year jfl this is 2025 not 2005

But the math is simply, the 5% you earn should cover your expenses plus inflation

idk shit about investing nigga but I probably should learn but Im lazymaxxing rn

 

[Foreverbrad]

5% per year jfl this is 2025 not 2005

But the math is simply, the 5% you earn should cover your expenses plus inflation

Schiller PE suggests -3% a year for the next decade JFL

 

[sub5outsider]

No idea but i remember some user here said that is possible to live in Vietnam for one year without working if you have 10000 dollars saved .

 

[User28823]

take ur expected annual expenses at time of retirement

then determine how much u need in an account such that if u withdraw 3% u meet that