How much money would you need to never have to work again

[GimmeThat]

when things are free.


ain't we all aiming for a utopia economy and all folks?

[BigBoss]

3 million.

Read somewhere that the average person makes 2 million in their lifetime. So 2 million to cover what I would have made at work. And 1 million for security/to do the things I want to do in my life.

Crazy how scrub NBA players make that in 8 months work.

[Bandito]

I can live with 400 thou a year easy. So get enough so I can get 400 thou in interest in a random bank and live off the interest...

[Draz]

I make 6 figures and I always feel like im broke. So in 18 years id make 2 million.
id say at this point of my life id need 5 mil. If I started in my 20s id say 10 mil

What's your occupation?

[knickballer]

500k and I'll just leave the country...

[russwest0]

1 million. I'll just invest 100k of it in an interest account that keeps reinvesting and making me money for retirement and I'll use some of the rest to make money online and keep that automated and will just chill with the remaining 800k.

[DeuceWallaces]

Lol at these people saying 1 mil who are in their 20s. Assuming I continue to have no kids and I'm currently 34, I would need about 40-45 years at 70K to be comfortable which is about 3-3.1 million.

[magic chiongson]

$5m america, $1m overseas

[EnoughSaid]

The only time I'd completely put off work would be if I'm financially stable enough to be able to live in a decent home and travel 5-6 times a year. For all of that I'd probably need around $5-$10 million.

[NugzFan]

Two million, can just live off the interest.

enjoy that lifestyle

[NugzFan]

love how so many people have no idea what inflation is.

[bigkingsfan]

enjoy that lifestyle

You can get around 75-100k a year depending where you put it. That's comfortable enough.

[StephHamann]

1 million

if you work in a "normal" job you make around 1 million in your lifetime

[DeuceWallaces]

love how so many people have no idea what inflation is.

The appreciation on your investments from a multi-million dollar payout would supersede the effects of inflation which haven't exactly been passed on to wages the past 15 years anyway.

[NugzFan]

You can get around 75-100k a year depending where you put it. That's comfortable enough.

a) to make 100k from 2 million, you need a 5% interest rate. good luck finding even half of that

b) inflation will eat that 2 million up so fast

c) you have to pay taxes on any earnings (interest, investments, etc)

d) are you planning on having a house and a family? are you planning on living in alabama? these things make a huge difference.