After reaching it, I finally understand

$3 mil is not enough for retirement

POSIWID: The Purpose Of A System Is What It Does Shirt $21.68

Shopping Cart Returner Shirt $21.68

POSIWID: The Purpose Of A System Is What It Does Shirt $21.68

  1. 1 month ago
    Anonymous

    If you cannot retire on $1mil in any first world country you don't belong on IQfy

    • 1 month ago
      Anonymous

      if youre not going to have kids then just kys now

      • 1 month ago
        Anonymous

        >then just kys now
        I don't think I willl

        Not even close to being enough unless you’re old as frick. You can live decent for 15 years off it but that’s renting an apartment, eating take out on the weekend, and working 20 hours a week.

        >retiring on sum X means chipping away from your stash for N years

        As I said you don't belong on IQfy

        • 1 month ago
          Anonymous

          > As I said you don't belong on IQfy
          They seriously don’t see how 5% APY dividends on even $1,000,000 gets them $50,000 per year. That’s your living expenses. For a year. Every year. And if some emergency comes up you got $2 MILLION dollars in cash from your other $2 million.

          • 1 month ago
            Anonymous

            >5% APY
            now calculate it again but with inflation

          • 1 month ago
            Anonymous

            5% is not realistic and is eaten up by inflation THEN you also need to pay taxes on it
            you probably can rent a shed in a remote place and never do anything but i wouldn't call that living

          • 1 month ago
            Anonymous

            >Renting in retirement
            Ngmi

          • 1 month ago
            Anonymous

            I agree but OP wanted to retire with a mere $1M
            Just a house in a nice city costs more than $1M

          • 1 month ago
            Anonymous

            You're thinking as a single person living a modest life and continuing that way forever. If that's what you want that's fine but lifestyles generally scale up with income. If you buy a nice house, get married, have kids and need the things that go with it, that 50k/yr gets eaten up fast.

          • 1 month ago
            Anonymous

            >$50,000 per year
            Even if you DON'T CARE about inflation, you'd need at least 200k/yr for a family with 2 children.

            Less than that and your wife needs to whoring herself at corpo

      • 1 month ago
        Anonymous

        why?
        you natalist morons are starting to sound like religious nutcases, there's more to life than shitting about babies

        • 1 month ago
          Anonymous

          *out

        • 1 month ago
          Anonymous

          >there's more to life than shitting about babies
          what's "more to life" than building a civilization that will outlast you and isn't going to collapse in 50 years because all will be left is Black folk & morons?

        • 1 month ago
          Anonymous

          Breeders and natalist morons are essentially mindless slaves to their biology and are incapable of finding meaning or purpose in their life elsewhere, that's why they project so hard on to you that life is worthless if you don't reproduce. Notice how if they were actually content and satisfied with their lives, they wouldn't be shaming you or trying to convince you to validate their life choices.

          • 1 month ago
            Anonymous

            im trying to imagine a childless 80 year old person writing this with validation and i cant. who would even know your name at 80 if not your family

        • 1 month ago
          Anonymous

          I think if you are a living creature and your instinct is counter to survival of the species then you are malfunctioning and your genetic pool SHOULD be erased, so it makes sense. There is not actually more to life than having children. We are specks in the infinite universe. If the entire point to us is “life” then nothing is more meaningful than contributions to survival of the species. Yes, doing things like inventing electricity are a somewhat meaningful contribution… but if every human had some insane invention and none of them had children, then it’s all for naught. The most meaningful contribution you could ever make to the species is creating and raising a well balanced human. Of course, you would probably frick it up so it’s probably better you don’t try. I just wanted to lay out an objective, inarguable truth for you. You can not say there is more to life than this. None of us would be alive without it. Life is life. Creating life is the most pure use of one’s life possible, it is the epitome of “what life is about”.

          • 1 month ago
            Anonymous

            your moronic

          • 1 month ago
            Anonymous

            He's right . From a biological standpoint people who don't want to reproduce he describe are defective

        • 1 month ago
          Anonymous

          Breeders and natalist morons are essentially mindless slaves to their biology and are incapable of finding meaning or purpose in their life elsewhere, that's why they project so hard on to you that life is worthless if you don't reproduce. Notice how if they were actually content and satisfied with their lives, they wouldn't be shaming you or trying to convince you to validate their life choices.

          >muh natalist this natalist that
          just a question to you morons, how do you feel if humanity cease to exist in the next 50 years?
          If you're sad then you just being a hypocrite rn.
          If you're not then you have no business living in the civilization and you just being a hypocrite rn, using civilization on your comfy smartphone.

          fricking Black folk siphoning resource by their existence, either women or Black folk

          • 1 month ago
            Anonymous

            Not my problem, all species go extinct eventually. I certainly don't wish for it but I don't really care either way

            im trying to imagine a childless 80 year old person writing this with validation and i cant. who would even know your name at 80 if not your family

            Why does it matter if people know your name? Is your worth as a person validated by the opinions of others? I personally care about just living a free and fulfilling life.

          • 1 month ago
            Anonymous

            >Why does it matter if people know your name?
            Then what's the point of living at all? If you live for yourself and not for others, you're a net negative on the world around you at the end of the day. It's a base instinct to have a family. Your entire lineage before you had been having children for thousands of years, and that stopped with an individual who falls for anti-natalist propaganda. Wealthy groups who push anti-natalism under the guise of environmental protection, whether overt or otherwise, definitely don't have such hangups about having kids. It's beneficial for the rich to have a class of people that exist to participate in endless consumerism. Without healthy familial ties, people have no serious stake in anything. Nothing to protect and fight for. Are you going to kill another human being to secure your iPhone 20? Your 4 week trip to Tokyo? If people aren't rooted in anything and just go with the flow, they typically won't have a reason to be a threat to the powers that be. They can be made to accept any quality of life, because they don't want a better future for their children. This isn't schizoposting. Anti-natalism is an affront to nature. It's all man made garbage designed to bring forth the perfect debt slave cattle class that can be milked for labor.

        • 1 month ago
          Anonymous

          Go to plebbit plox

    • 1 month ago
      Anonymous

      I retired on like $250k liquid in ALL the first world countries. I spent two years traveling and living it up. People don't get it but when you're invested in an asset with 300% gains every year on average, you don't need that much to cash out.

      Like imagine having $3M today. By the end of the year bitcoin will have 3-10x'd. Who the frick needs $9M-30M to retire? That's just going to create problems especially if people know about it.

  2. 1 month ago
    Anonymous

    It's enough to not work and that's good enough

    Doesn't matter tbh if you have 3m or 10m

    Putting it all into stocks or whatever and withdrawing 4% a year and never working 1 second for the rest of your life is a dumb meme, nobody does this

    Just spend 10-20 hours a month researching and investing into the crypto markets at that point

    Just buy Bitcoin when everyone is caling it a dead scam and sell it when everyone calls it a new paradigm and you'll have 8 figs 4 years from now, hell buy now and sell at 150k and you'll have 6mil 1 year from now

  3. 1 month ago
    Anonymous

    Not even close to being enough unless you’re old as frick. You can live decent for 15 years off it but that’s renting an apartment, eating take out on the weekend, and working 20 hours a week.

  4. 1 month ago
    Anonymous

    You never retire, you always invest. 'Make it' is the moment you dont have to wage to live. 3M is good enough for it.

  5. 1 month ago
    Anonymous

    Takes time OP but I think a lot of anons this run will realise 7 figs in the west ain’t what it used to be. Purchasing power has eroded horrifically

  6. 1 month ago
    Anonymous

    I'm at $6mn now.

    At $100k I thought I'd sell all at $200k I thought I'd sell everything and buy a fancy car.
    At $200k I thought I'd sell all at $500k and retire in SEA
    At $500k I didn't think much, because it went to $1mn without me even having time to process it.
    At $1mn I thought to be a guaranteed millionaire after taxes I need atleast $2mn.
    At $2mn I thought to safely retire I will need at least $5mn.
    At $5mn I thought to live a life in luxury I will need $10mn.

    Not sure I will be able to sell at $10mn.

    • 1 month ago
      Anonymous

      nice larp but I'm not reading all that shit anyway

    • 1 month ago
      Anonymous

      >At $2mn I thought to safely retire I will need at least $5mn
      Im here(2.7).
      House is paid off but have 2 kids that are 1 and 2 years away from college.
      My job pays well, tons of cash flow, in order to have parity i need like 8m probably....

  7. 1 month ago
    Anonymous

    liquid everything
    fly to the Philippines
    frick two Asian hookers every night for the rest of your life

    • 1 month ago
      Anonymous

      >frick two Asian hookers every night for the rest of your life
      Pro tip: before you make a lifelong commitment to this, make sure you understand what kind of a man you are; some guys will get great energy out of this, and others will turn into husks

  8. 1 month ago
    Anonymous

    $150,000 a year is more than enough for retirement, even in a big city. With that amount I would retire in Spain and have enough money to maintain an East African woman.

    • 1 month ago
      Anonymous

      All of those banks look like they could disappear overnight kek

      • 1 month ago
        Anonymous

        You mean bought up by bigger banks at the request of the government? 2008 already happened. We learned our lessons. If you fear the bank folding so much then buy an apartment and rent it out. You will get a slightly lower yield and you will have to spend some time on taking care of the property, but you get the perk of rent going up with inflation, and having the opportunity to sell the property at profit if you hold long enough.
        The bottom line $3M is retirement money anywhere on earth.

        • 1 month ago
          Anonymous

          >2008 already happened. We learned our lessons.
          Good one

          • 1 month ago
            Anonymous

            We did learn our lessons. We might be finding new ways to screw up, but from my point of view there is a greater risk of a total collapse of the west than the chance of the government not covering the collapse of several small banks.

    • 1 month ago
      Anonymous

      high yield savings accounts are completely irrelevant for asset allocation in retirement.
      just buy some stonks or better buy BITX and ride out this bull to victory.

  9. 1 month ago
    Anonymous

    you can't buy 3 million worth of property and live off the rent in a humble town in a cheap country? really? stop demoralize posting homosexual

    • 1 month ago
      Anonymous

      he wants kids in America not single life in Turkmenistan

      • 1 month ago
        Anonymous

        kids don't have to be expensive
        first thing people should keep in mind is you never buy them any gifts unless it's for their birthday or christmas. That would save people a lot of money.

      • 1 month ago
        Anonymous

        america is a dump. your food is poisoned, your own country is importing sub humans who will soon be weaponized against you.

        https://www.idealista.pt/en/imovel/33210654/

        • 1 month ago
          Anonymous

          ok, and which wonderland do you suggest OP moves to? in your analysis consider familial ties, language, and personal liberties.

          • 1 month ago
            Anonymous

            >ok, and which wonderland do you suggest OP moves to?
            Norway, or unironically Switzerland/France to have some real fricking food. (frick germany, frick sweden, frick the UK).

            You can chose Poland or Armenia if you want to live in one of the safest countries itw and die in a glorious battle in a few years

          • 1 month ago
            Anonymous

            Portugal will be my first choice.

            you will never be treated as a native there. also Switzerland is a ton more expensive than the US.

          • 1 month ago
            Anonymous

            Where can you go that you'll be treated like a native without being a native? Hint: nowhere. If you put in effort to learn the customs, language, culture, etc and just be an overall net positive to their society they will treat you'll be fine.

          • 1 month ago
            Anonymous

            unironically America is the most immigrant friendly country in the world.

          • 1 month ago
            Anonymous

            sure, but like I said the effort put into learning their language is by far the biggest factor in how well you're treated. It's the same when these wienersuckers come to Canada/America and can barely get order food 5 years later. Why should the locals respect you if you don't respect them? Anyways my second choice would be Croatia because I was born in Bosnia and can speak the language relatively well.

          • 1 month ago
            Anonymous

            >you will never be treated as a native there
            agree and I experienced it myself in nordic countries, that's why I ended up leaving. I actually prefer France even though it's a cucked socialist pit (but food is great). Still better than Germany over socialist turk hell

          • 1 month ago
            Anonymous

            Portugal will be my first choice.

  10. 1 month ago
    Anonymous

    >retirement
    aka death, why are you so in a hurry to die anon?
    Also, what can't you really do or enjoy with 10 mill that you can't with 3 mill?

  11. 1 month ago
    Anonymous

    At $10mil you can maybe start thinking about retirement

    • 1 month ago
      Anonymous

      Make that $20 million

      • 1 month ago
        Anonymous

        You're not thinking big enough anon

        $30 million is the goal

    • 1 month ago
      Anonymous

      Make that $20 million

      You're not thinking big enough anon

      $30 million is the goal

      $69 million sounds about right

  12. 1 month ago
    Anonymous

    >After reaching it
    LOL you will not see 3 million dollars together in 100 lifetimes.

  13. 1 month ago
    Anonymous

    >Buy a couple of apartments and rent them out
    >Buy stocks and live off dividends
    >Get a basic b***h index fund
    $3m is easy to retire on if you don't live like a degenerate

    • 1 month ago
      Anonymous

      Are you forgetting the tax man anon? He’s gonna want about half after you cash out.

      • 1 month ago
        Anonymous

        Its not half if you held more than a year, its 15%...

  14. 1 month ago
    Anonymous

    It’s alright, youll have the chance to make a lot more this year.

  15. 1 month ago
    Anonymous

    Not in a first world country. Smart old money is retiring in 3rd world countries and hiring armed guards for less than $5 a day and drinking coffee and eating street food for about $3

  16. 1 month ago
    Anonymous

    why didn't you trust us?

  17. 1 month ago
    Anonymous

    4% rule on 3 mil in the S&P 500 literally grows your portfolio and gives you a upper middle class wage to spend every year.

  18. 1 month ago
    Anonymous

    i retired on $1.8m. have $2.5m now. pretty cool how that works

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