How many millions in USD do I need to retire? Assuming I'm 30, have nothing to inherit from anyone and no house, and assuming I live up to probably 80.

>>60590074 (OP)
$100 million

Next question

>>60590079
Wait. Spending $2 million a year? That takes the average wagie 40 years to get on $50k a year salary

>>60590074 (OP)
completely depends on the life style you want. a safe estimate is 3m which would get you $100k+ in income a year

>>60590099
I divided that by 60 and got $50k

Assuming $100k expenses annually on year 1, you will need $200k with active management. Net worth and lifestyle upgrade each year. Passive management you will need about $3 million.

>>60590106
you put it in certificates or other no risk things for 3%-5% apy and live off of the interest

>>60590113
>>60590126
So do I got to pay someone to manage it for me? To live off interest? Or do I speak with like a bank to get something like a certificate going?

>>60590135
>So do I got to pay someone to manage it for me?
You don't need those people anymore. Unless you're disgustingly rich and time increases in value for you, you're much better off becoming good at financial management by yourself.

>>60590074 (OP)
why do you niggers need so much money? just buy a shitty house with some cheap land and you can live comfortably on like 3k a year

>>60590148
Send kid to private school. Country club membership. Vacations with first/business class tickets to non shithole destinations. Expensive cars and a truck. Housing in a white neighborhood.

>>60590143
I see where can I learn to manage it? Any courses?

>>60590161
Everyone has their choice. Personally I go long on stocks and hold dividend producing ETFs. If you want to start just start googling and learning about the stock market. I would strongly encourage you to steer clear of shitcoin trading all together but I'm sure the sea of third worlders will tell me I'm wrong and the one guy that actually made it will post his portfolio and tell me I'm wrong/poor. Whatever. If you're serious about wanting to get good with money you'll figure it out. Give yourself a couple weeks to deep dive.

>>60590148
I want my kids to have a good life and good opportunities which requires me to be able to put them in the proper circles from a young age which requires money

>>60590135
you do certificates through banks or credit unions. they're very easy to do once you have an account with a bank/credit union. keep in mind banks and credit unions are only insured for $250k (up to 500k i think if you do a joint certificate with transfer on death) so you would need accounts at multiple banks/credit unions. there are other things you could do as well for no risk income like bonds with the treasury for example. really just ask chatgpt or some other llm about this stuff and it can point you in the right directions to learn more

>>60590087
It hedges against hyperinflationary scenarios.

>>60590074 (OP)
Assuming no woman or kids
500k for a house flat.
1m at 5% dividends / yields gets you about 4k/month. Some of that goes to taxes, and some you need to put away for recurring costs like house and car maintenance/ upgrades.
The point is you never sell that original 1m investment, and with how bad inflation is (much higher than 5% and getting worse), you will want some dividend+growth stocks and not all CDs or bonds..
also some of that income you’ll want to try to get some gold/silver.
If the market takes a huge tumble that 4k/month could crater to 2k for a while.
In summary..
1.5m can net you a frugal and safe life with no working for 50years either proper management and no woman/kids.
If you somehow find a woman that is willing to work while you sit there then maybe a kid is possible.
I would add 500k for every additional person.
So 2.5m for 1 woman 1 kid if no one works , since they will demand additional goods and experiences beyond frugality (and u don’t want to treat them like garbage).

>>60590074 (OP)
$2m

$1.5m in EPD, which will get you ~$110k/yr income, and has paid out increasing dividends for the last 28 years straight.
$0.5m in a growth fund like SCHG just in case nuclear or solar make oil and gas pipelines utterly obsolete in 40 years.