How much money do you think you need in savings to stop working today?

For me I think between 7-10M to just live off the yearly investment returns

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1.5m

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What in the world are your expenses where 7-10M (aka 280-$400k/year) is what you need to “just live”?

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Lol how does $20k/m break out?

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You wouldn’t need nearly that much if you don’t plan to leaving anything after you die.

With $1.8m, you could start drawing $100k a year adjusted for inflation for 60 years. Assume 8% annual return.

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8% might be aggressive but even withdrawing 50k in cash instead of 100k would be more than sufficient for most people to live comfortably enough, especially if they won't be paying taxes on it and they're in a low COL area.

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With $1M in investments I would still want to earn an income but I would radically downshift from what I’m doing now and open myself up to a broader range of lower paying options

Maybe $5M is where I’d think about not having to earn an income at all

No matter how much money you have in savings, you can’t stop working. You need monthly income from somewhere

C1, the statement made by the commentor Deloitte1. Its false. Others have already commented with simple explanations as well. I’m retiring in 5 years from now, I’ll have $1.5m, and I won’t need to work because I will live off my investments.

Get a side gig that you love!

1.5m +paid off house.

$2m

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