[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 9 KB, 645x773, Wojak.png [View same] [iqdb] [saucenao] [google]
22578042 No.22578042 [Reply] [Original]

>tfw you need 2 million minimum to make it

>> No.22578089

Depends on how old you are. At retirement age 2mil is enough, if you're 22 then you'd need to double it at least.

>> No.22578218

>>22578042
>tfw you need 4 million minimum to make it cuz your american

>> No.22578241

>>22578089

Nope. Stick it all in a total market index fund and only withdraw 3-4% per year, average annual gains will outpace that significantly barring a 1930's tier depression.

>> No.22578288

>>22578042
$10 million is the optimal goal

>> No.22578754

>>22578241
Personally, "making it" requires more than 80k/yr in spending. That's barely a mortgage for a nice house in a major city.

>> No.22578774

>>22578042
$50 million minimum

>> No.22578822

>>22578754
>nice house in a major city.
>major city
Why? When I make it I’m moving to the BFE with enough land for a range.

>> No.22578847

>>22578754

Just move to a nice low CoL area, live like a prince.

Alternatively, dump it all into a fund, but keep working for 10 years, let it appreciate. You'll have a fatter amount to work with.

>> No.22578866

Oh no where will I ever find 2 million dollars