Re: How many Bitcoins needed to retire in 5-6 years?

Quote from: Kipsy89 on August 10, 2014, 03:48:29 PM

Quote from: Crindon on August 03, 2014, 07:48:05 PM

In your opinion how many Bitcoins would someone need today in order to retire by August 03 2019 or Aug 03 2020?

Assume average North American, requiring $30,000 per year of today's purchasing power, no other debt.

Woah, difficult. I think you'll need about 73 BTC on August 3 2019 and approximately 82.9 BTC a year later. I may be off by a few %, though. This isn't exact science, to be honest. And I'm kinda confused at the moment Wink

What assumptions are you using to make these statements? Most people would likely argue that the later in time, the less BTC you would need to retire as BTC will likely increase in value over time and your savings will need to last a shorter amount of time the later you start drawing on it.