Quote from: JayJuanGee on Today at 01:13:14 AM

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Quote from: AlcoHoDL on May 04, 2025, 01:42:20 PM

Quote from: Leahized on May 04, 2025, 11:15:12 AM

@sminston_with
Smitty's Bitcoin Retirement Guide: e-Book Edition 📙

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X

So, according to this analysis, any coiner from 5 to 75 years old with 10 BTC can retire right now and live for the rest of their life by spending $100k / year (excluding taxes).

Sounds very promising. Will make many wonder why they are still employed... Cheesy

I knew that there was something a wee bit imprecise about the retirement projections, but I just could not put a finger on it.

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Quote from: Biodom on May 04, 2025, 04:50:53 PM

Quote from: Leahized on May 04, 2025, 11:15:12 AM

[edited out]

Fancy...but easy to summarize: no matter what is your age, if you have about 10 bitcoins, you may retire or not work (as retiring at age 5 or 15 seems strange).
EDIT ..and @AlcoHODL already said essentially the same before me, I just didn't notice at first, sorry.

As of today, I consider 17.166 BTC to be the threshold starting point today for earning an annual income of $80k in perpetuity, yet it may well take a bit of decently good BTC portfolio management to execute such a sustainable withdrawal without screwing it up... so then yeah, younger people might not need very much income until they have to support themselves, so it seems a bit unrealistic to be considering those who are less than 18 years old as retiring (and/or supporting themselves) prior to age of majority 18 years or whatever that might be depending on location/jurisdiction.

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I wanted to use your 17.166 BTC number in my reply to Leahized, but couldn't remember it, and your link (in my bookmarks) defaults to 21 BTC (which is pretty close, actually).

I find the 10 BTC estimate above to be over-optimistic, even for someone in his 40s, let alone a 5 y.o., in that there may be future situations playing out, that could affect the prospective growth of Bitcoin, so it's better to be on the conservative side when it comes to life choices like retirement, quitting one's job, etc., and there are other important things to also consider, like medical insurance. Ideally, for me, the best scenario would be to retire at the earliest possible time (even on a reduced pension, due to an early exit), and then start spending your Bitcoin slowly and as needed, to sustain the lifestyle you want (which heavily depends on your wants & needs, LHB and all). In this way, you are secure (as much as a state can provide security) in terms of coverage of basic life needs and medical expenses, and Bitcoin adds the extra element of doing what you really want and dream of. So, to sum up, I'd say about 20 BTC (or 17.166 BTC in your calculation) is a better estimate to achieve this, at least for someone living in the USA or similar western country. Other countries may require much less than this amount, of course, so each one of us should do a personalized estimation, using your useful tool in the link above.

I must say that the older I get, the more eager I feel about pulling the fuck-you lever, even disregarding the medical insurance issue (which, paradoxically, should be more important as one gets older). I guess that, when we get older, we realize that life is more "finite" that we thought it was, and we begin to realize that there are only so many years that we will be able do the things we want to do, before old age starts having a debilitating effect on us. Bright examples like Phil and Jimbo show that there can still be many, many productive years ahead of us, but still, the feeling is there and getting stronger the more we age.

tl;dr: 17.166 BTC and getting smaller. I'm happy with that!

AlcoHoDL

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