How much money is enough for you to retire now?

Discussion in 'General Chat' started by Li Weng, Dec 1, 2008.

  1. Ordinaryme

    Ordinaryme Banned

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    #21
    Would take most of my life spending that amount...So i vote for retirement! ;)
     
    Ordinaryme, Dec 2, 2008 IP
  2. UTOPIA

    UTOPIA Active Member

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    #22
    As you earn more money, in most cases your spending habits change also. So what sounds like a good amount now might not last as long as you think. You would more than likely want to buy a bigger house, a better car, go on nicer holidays, etc. So I think it is difficult to say how much would be enough to retire. It also depends how old you are - the younger you are the longer that money will have to last for.

    All that being said, i think if i had 1 million now I would still want to work - just make sure i was doing something that i enjoyed.
     
    UTOPIA, Dec 2, 2008 IP
  3. SEO4money

    SEO4money Guest

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    #23
    i know same guy get 1 million usd every month

    i want to get 1 biillion and then tire
     
    SEO4money, Dec 2, 2008 IP
  4. ErikJ

    ErikJ Peon

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    #24
    I could retire with $150,000 U.S I would still run my online business of course because its fun but after I buy a house/hotel in Costa Rica with $150,000 I could retire and just run the 2 businesses
     
    ErikJ, Dec 2, 2008 IP
  5. drjupitor

    drjupitor Banned

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    #25
    I will retire or whatever you tell me to do if you are giving me the $1 billion:D:D
     
    drjupitor, Dec 2, 2008 IP
  6. UTOPIA

    UTOPIA Active Member

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    #26
    If you are running 2 businesses then you haven't retired.
     
    UTOPIA, Dec 2, 2008 IP
  7. Ben1980

    Ben1980 Peon

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    #27
    I believe that most people who have $1 billion already don't continue to work to make more money. They continue because they are doing something they LOVE doing and don't want to stop.

    So in answer to your question if I had $1 billion I would only consider retiring if I no longer loved doing what I did.
     
    Ben1980, Dec 2, 2008 IP
  8. peepin2me

    peepin2me Well-Known Member

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    #28
    I would definitely retire right away.
     
    peepin2me, Dec 2, 2008 IP
  9. Jarodboy

    Jarodboy Prominent Member

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    #29
    2 million dollars would be enough for me
     
    Jarodboy, Dec 2, 2008 IP
  10. lycos

    lycos Well-Known Member

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    #30
    That depends on your age. If I'm 20 right now, one million is not enough to live a comfortable life for the next 35 years.
     
    lycos, Dec 2, 2008 IP
  11. SEO_WatchDog

    SEO_WatchDog Well-Known Member

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    #31
    1 mln dollars would last me.. for some time )
     
    SEO_WatchDog, Dec 2, 2008 IP
  12. Project Mobius

    Project Mobius Peon

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    #32
    i don't think 1 million is enough, well depends on your age, if your 80 then yea...that's more than enough if your in your 20s like me, that's probably not enough. But 1 BILLLLLLLION...that's a different story dudeeee.....I will slap those that think 1 billion USD isn't enough
     
    Project Mobius, Dec 2, 2008 IP
  13. magnate

    magnate Peon

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    #33
    I'll be happy with 5 million US dollars. :)
     
    magnate, Dec 2, 2008 IP
  14. writer_isme

    writer_isme Peon

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    #34
    I could happily retire with 1 billion dollars. These days a million isn't enough. We are in a recession people!
     
    writer_isme, Dec 2, 2008 IP
  15. kiks

    kiks Banned

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    #35
    one million $ would mean .....x salaries.

    Yes, i can retire with that :D
     
    kiks, Dec 2, 2008 IP
  16. alexa_s

    alexa_s Peon

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    #36
    I haven't started working yet, so it's difficult for me to answer. But in order to not work for money, I'd want to be earning an inflation-linked $300,000+ per annum, which is perhaps equivalent in income terms to investing about $6 Million capital wisely, so the amount I'd want to retire on is about that, I suppose. Slightly scary thought!
     
    alexa_s, Dec 2, 2008 IP
  17. Project Mobius

    Project Mobius Peon

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    #37
    300k.....that's like SEO salary isn't it.....you should sell yourself as the best site ranking system Alexa :)
     
    Project Mobius, Dec 2, 2008 IP
  18. team77

    team77 Greenhorn

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    #38
    Once I asked this question to a good financial adviser, He said $4 millions.
     
    team77, Dec 2, 2008 IP
  19. Fadmin

    Fadmin Banned

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    #39
    I'd retire if I got 10 million. :)
     
    Fadmin, Dec 2, 2008 IP
  20. scentless

    scentless Peon

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    #40
    I'm not greedy. With 300k I would be set for life, hell even 200k would be fine. I would put the money in the bank and live from the interest.
     
    scentless, Dec 2, 2008 IP