2 million euros would be enough for me to live comfortably for 50 years.

3 thoughts of school:

1. Actually never working at all from my 30s onward, probably around 10 mil €.

2. Quitting my job and getting into lazy investment to get a passive income, around 1.5 mil €.

3. Playing into me being passively suicidal, if I loose my job and the number hits zero, I'm just killing myself. Technically that would also mean I don't have to work again.

Number 3 is the most realistic one.

Impossible to answer with all this AI BS that's about to implode & take down a significant chunk of the economy with it.

1 million € would make for pretty comfortable living. Though I suppose I'd need to put it somewhat higher, because otherwise I'd be tempted to do part time work once in a while, so maybe 1.5 million.

20 or 25 times my annual expenses. There is an entire movement on the Internet dedicated to save up and then never work again. FIRE is the Google term if you're curious.

3 million USD. I'd still run my farm but I wouldn't work my job job anymore. Just means I'd upscale the farm a small amount and give away a larger percentage of my products. 3 is genuinely low but I have very little debt as is and a reasonable lifestyle.

My work is basically what I’d do with my free time anyway. If I had a mill in the bank, I’d just have better cameras and more woodworking tools than now, and worry slightly less about selling the products thereof, but I’m pretty frugal as it is so I don’t work much and have a pretty easy life already

5-10 million would probably do it without working on investing it anywhere (i.e. basic savings account or more likely paying someone to do it for me) given I'm hoping to have at least another 50-60 years in me, and don't want to stop doing things I enjoy. Especially given I'll have more time to spend on leisure & hobbies

24 mill USD equivalent:

400000 that I can use every year until I'm 100 (I probably won't live that long, so my kids get whatever remains).
It's much more than I need, but I want a lot of leeway to maneuver whatever the financial markets burp up. Then sum should allow for positioning in a manner that makes sure the fund itself isn't eaten up by inflation.

I first thought 12 mill, but realized that my anual "salary" would be of diminishing value due to inflation, so I doubled it to be on the safe side.

CHF 10 million.

Use 1% a year, invest the capital and returns above 1% in a medium risk portfolio, so that the capital (and my annual 1%) grows with inflation.

The question is missing one key variable: how old are you?

Someone my age without that many years left and with the kids out of the house doesn't need nearly as much as a 30-something with a family.

I'm shocked at the huge sums people are posting. I agree 2 million is loads. 600k for a house then the rest is 2k per month of disposable income for 60 years.

1. Playing into me being passively suicidal, if I loose my job and the number hits zero, I’m just killing myself. Technically that would also mean I don’t have to work again.

Dude, if you really want to do that, don't waste your life pointlessly: rob a few banks and give the money to charities, Luigi a few billionaires, and play cat-and-mouse with the cops until they find you, and then make sure they suicide you, not you.

2 million are enough for me.

But if you give me 5 million, I start working again by taking 2 out of the 5 and build a small business from it, just for fun.

Enough to provide the USA median income of about $85K from investing it conservatively, while keeping up with inflation, plus a little cushion in case of emergencies or adverse economic conditions.

That's about $10M.

i retired at 35 and am now 60, i have nothing like what people say they need here. i have been investing since i was 19, i have a gf, a modest cottage in a small town in Australia, no debts and we travel thru SE Asia 8 months a year.

There's people living on way less with really interesting lives out there who don't work.

well, you'd die very wealthy so there is that

this dude does that with just a million.

https://www.youtube.com/channel/UCxU4PhPfJEBgaeYT1rMhvCg

Nah man. Finding your peace in a forest, surrounded by nature with nothing to your name, that's where it's at.

600k for a house could also mean 15k in yearly taxes or more depending on where you live.

The late game is the problem for me, how do you’ll manage it?

manage what ? sorry I'm not sure i understand?

right, here in Australia, where I am annual property taxes are AUD$1800.

Technically that would also mean I don't have to work again.

But if you are dead, you will never feel comfortable again. Technically that does not fulfill OP's question. 😉

I agree. I live out in the sticks myself - not with nothing to my name, but I certainly haven't saved anything for old age - and I have few needs. But this is not the thing OP was envisioning. And while I think it's a terrible idea on its face, I just remarked that they could off themselves more productively if that's what they really wish.

here's a few folks doing it frugally FYI

https://www.youtube.com/channel/UCuNKV0CMgcVUiJNdA-JNlJA

https://www.youtube.com/channel/UClMlXTxpTNMZRE4AEjlc5RA

https://www.youtube.com/channel/UCLPj94m4jwX1Qf-2SZiewfw

https://www.youtube.com/channel/UC92ZfE59sx3CTpaJii8Xm_A

1 million. Getting 3% back on investments will give me $30,000 a year. That far more than what I currently make. Also, less laundry, less eating out, and not burning so much fuel commuting to work and home.

Based on a very abbreviated look at his channel, I would argue that he does not. His investments are not conservative; the kind of investments he's advocating require continual research and significant expertise or they become high-risk. That doesn't count as "never working again"; it's working as an investor with yourself as the client.

When I say "conservative", I mean stick the money in an index fund or three and do nothing more than reinvest any returns over the median income on a good year so there's some extra to take out in a bad year.

I think they mean once your age related issues catch up.

https://ficalc.app/ will help you determine if your strategy is gonna make it.

You could withdraw 3% forever and should never run out. You really only need 2.8MM to live on that lifestyle.

Roughly a million euros invested would barely keep me afloat. I doubt I'd still stop working though - it's what keeps me relatively sane and forces me outside of the house.

If I had £500k I’d buy a 10-20 acre small holding and make a decent living. Design it so it’s easy to manage, no expensive machinery and rough calculations should net me £50k a year from a handful of products.

Setup a shop so people can order to pickup and you’re only picking what people order so costs are kept low.

But if I had that kinda money, I could live off £5k a year because I’d pretty much have no electric costs and I don’t like going out so if i didn’t have debt, I’d live a comfy life on very little.

3million used to be the “fuck you” money estimate, but it’s probably more like 12 now, so, 12million dollars.

Don't forget inflation. That 30K isn't going to buy you much in twenty years.

The general rule is that you need to cover inflation plus what you want to withdraw. That way your income goes up as inflation does.

I'm retiring soon. That should add enough to cover inflation.

400k would convince me to not look for work and instead make a few bucks off the things I would already be doing for fun. But I am pretty well set up and my bills are minimal out here. As long as I can eat, drink, and .... partake ... I could get by.

What is more comfortable than returning to the void from whence we've came?

Wildly jealous. Enjoy!

This assumes that climate change, fascist kleptocracy, and a finite resource crunch doesn't result in accelerated inflation for the rest of the century.

It also assumes that a diversified portfolio will achieve similar returns to the last 50 years.

I expect inflation to average 5+ % for the rest of the century.

I struggle to see actually needing more than $2m. $1m is probably already enough

1 mil at 6 percent is 60k very doable.

£5.25 million.

£250k to pay off my mortgage and then £100k a year for the next 50 years would see me through until death-ish. Although tbh I wouldn't need anything like that. I'm on 52k which is about £41k after tax.

I save a third of that already.

After purchasing a house and car, why would you need 100k a year? That's so much.

I don't really understand the value of money anymore so, without seeming too greedy, I'd guess about 270 bucks?

$3 million. Averaging 10% returns is plenty of money without touching the principle.

Then there's sliding "hmm this is risky" down to maybe $2million. Far below that I don't know if it could tank a market dip or sudden expense.

I wouldn't need it, but the question was how much would you need to feel comfortable about never working again.

£5m was my figure. I could live on less, but if I'm going to have all this free time with my wife and dog I'm going to want to spend more on travel and stuff.

I already have a house and a car, I'm not interested in replacing either.

No idea. The problem with having money is that your consumption will go up along with it.

I know people making 500K a year with 8 figures in the bank, who feel they don't have enough money, because their consumption just gets more and more as their wealth increases.

2 500 € per month multiplied by months of, say, 50 years.

2 500 € * 12 * 50 = 1 500 000 €.

Would not be a rich life, absolutely not, but would leave me with enough money to live even if the part I'd invest was to be lost.