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minimum amount of $ you need to retire

Topic closed. 7 replies. Last post 12 years ago by weshar75.

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ineed9million's avatar - scene sunovermountains.jpg
Philadelphia, PA
United States
Member #11436
February 13, 2005
176 Posts
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Posted: February 14, 2005, 3:18 pm - IP Logged

Contrary to my name i would be happy with 2 million after taxes.  If i put that money into an interest earning account at 5% i'd earn around 100k per year.  Of course anything more than 2 million would be more than welcome. 


    United States
    Member #379
    June 5, 2002
    11296 Posts
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    Posted: February 14, 2005, 3:58 pm - IP Logged

    9m:

    I guess you don't like Unlucky for Life either.

      MillionsWanted's avatar - 24Qa6LT

      Norway
      Member #9517
      December 10, 2004
      1272 Posts
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      Posted: February 14, 2005, 4:06 pm - IP Logged
      Quote: Originally posted by ineed9million on February 14, 2005

      Contrary to my name i would be happy with 2 million after taxes.  If i put that money into an interest earning account at 5% i'd earn around 100k per year.  Of course anything more than 2 million would be more than welcome. 






      I think I need at least $ 3,000.000 to be able to retire since I got at least 25-28 years before being eligible retirement.

        weshar75's avatar - Lottery-042.jpg
        Mcminnville, Oregon
        United States
        Member #3013
        December 13, 2003
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        Posted: February 14, 2005, 5:24 pm - IP Logged

        9million:

        You live in the best powerball state to win in.  So if any one would win you probably have a good chance to hit the jackpot or 100,000.


          United States
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          Posted: February 14, 2005, 6:21 pm - IP Logged

          9 million would be enough, provided I took the cash.

            kbcherokee's avatar - buffalo2
            Virginia
            United States
            Member #1712
            June 20, 2003
            1549 Posts
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            Posted: February 14, 2005, 6:49 pm - IP Logged
            Quote: Originally posted by CASH Only on February 14, 2005


            9 million would be enough, provided I took the cash.



            CO:

            You don't sound too sure you'd be taking the "Cash."

            Me, I'd do it for $7M

            May the warm winds of heaven blow softly upon your house. May  the Great Spirit bless all who enter there. May your mocassins make happy tracks in many snows. And may the rainbow always touch your shoulder.

              ineed9million's avatar - scene sunovermountains.jpg
              Philadelphia, PA
              United States
              Member #11436
              February 13, 2005
              176 Posts
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              Posted: February 14, 2005, 7:23 pm - IP Logged

              weshar75: 

              you make it seem like my chances of hitting a jackpot are no less than 50/50.  that kind of talk makes me consider maxing out my credit cards and quitting work preemptively in anticpation of wed. powerball drawing!

                weshar75's avatar - Lottery-042.jpg
                Mcminnville, Oregon
                United States
                Member #3013
                December 13, 2003
                3055 Posts
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                Posted: February 14, 2005, 7:44 pm - IP Logged

                9million:

                I was trying to say that PA has a lot better chance of hitting the jackpot then my state OR.  Since PA joined the powerball they have been at the top for wins while OR has yet to win a jackpot.