Quote from: wobber on April 24, 2013, 03:20:48 AM

Quote from: PachucoBro on April 24, 2013, 03:04:14 AM

Quote from: sunblaster on April 24, 2013, 02:57:28 AM

Quote from: Pruden on April 24, 2013, 01:50:57 AM

Sunblaster, you could use reading Mr Money Moustache. $160k can be enough to not need a job ever again. The money you need to retire depends on your spending, and it is you who decides how much you spend. Not the Fed, not the corporations, only you.

You are right, $165k is my car fund, hardly enough for retirement, I figure if I wanted to "retire" now it would be $200k a year x 40 years, so I would need about $8million. That's just to have a comfortable life style so I could turn one of my businesses into enjoyable hobby, and didn't have to work 60 hours a week.

Art

So... what are your plans for retirement then since you seem to be high rolling SPENDING, not EARNING, but spending 200k every year... How much are you actually making per year?

Also you only need $5,000,000 if you actually need to withdraw $200,000 each year to spend.

Personally, i think you are screwed up somewhere if you are spending out of pocket $200k per year and not making atleast twice that in income... or you have a nice big trust fund or some other cushy situation that totally precludes you out of this topic...

Why are you reading this thread anyways?!?

200,000 each YEAR? I can tell you a place where 200,000 ONCE will assure you for the rest of your life. And no, not living in huts. And a place with absolutely gorgeous women.

Can you please name this magical place! I'm thinking of moving there as soon as I find out where it is...