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How much to retire?

Topic closed. 13 replies. Last post 11 years ago by rabbitfoot.

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How much would you have to win to retire?

1 million [ 9 ]  [19.57%]
2 million [ 5 ]  [10.87%]
3 million [ 6 ]  [13.04%]
5 million [ 9 ]  [19.57%]
7 million [ 1 ]  [2.17%]
10 million [ 4 ]  [8.70%]
15 million [ 0 ]  [0.00%]
20 million [ 3 ]  [6.52%]
30 million [ 2 ]  [4.35%]
50 million [ 7 ]  [15.22%]
Total Valid Votes [ 46 ]  
Discarded Votes [ 11 ]  
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IL
United States
Member #15146
May 10, 2005
103 Posts
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Posted: June 19, 2005, 5:01 pm - IP Logged

This is pretaxed money, I figure it would take 5 million for me if I lived normal.

    atlasshrugged's avatar - candle
    Alaska
    United States
    Member #16217
    May 27, 2005
    287 Posts
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    Posted: June 19, 2005, 5:06 pm - IP Logged

    5 million here too. My husband actually did some number crunching and figured that that would be the amount needed for both of us not to have to work. I think he figured that it would give us 60k to live on. The rest of what came out of it woud go back into the pot to hedge for inflation. -Bonnie

      Avatar
      New Mexico
      United States
      Member #12305
      March 10, 2005
      2984 Posts
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      Posted: June 19, 2005, 5:32 pm - IP Logged

      I don't see any way I could retire on less than $50 mil..... need a new Trannie on an '87 Mitzu Montero, need new tires and a lot of nagging grimlens taken out of the old '87 Trooper, need a new clutch on the '90 model Toyota 4Runner.

      I haven't added all that up, but I know it's high.

      Then there's some plumbing work needing done.... might want to add a shed with a washer and drying in it.... start hiring people to change my oil and plugs....

      There's food, maybe a few shirts and some new Levis..... maybe need a thou a month over utilities, gas, taxes, and whatnot....  

      A pen good enough to keep predators off a nice flock of chickens.

      Ten pounds of catnip and a can or two of soft food every couple of weeks.

      Wheow.  I dunno if $50 mil would do it. 

      Jack

       

        Tnplayer805's avatar - G 14_v78828750_Small.JPG
        North Dakota
        United States
        Member #13397
        April 5, 2005
        1623 Posts
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        Posted: June 19, 2005, 5:34 pm - IP Logged

        I wouldn't retire because I would be bored.  I would have to do something in that time. 

        How are you going to win if you don't play?

          Blackie's avatar - Norfolk 20Sunrise%20Nov%2016.jpg
          Norfolk , Va
          United States
          Member #4541
          May 2, 2004
          25101 Posts
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          Posted: June 19, 2005, 6:06 pm - IP Logged

          I just  spent 23 months at home and it taught me I dont want to ever retire.

          I've had to deal with the phone ringing all day long with no one I know or anyone important trying to sell most anything under the sun, people with a novel in their right hand and a cell phone in their left all while doing 80 down the interstate and I,m sure cruise control has no part of managing the car in that manner. Idiots in the grocery store putting their groceries on the conveyor belt and then running to get those last 20 items they forgot, people blocking my driveway because the cant find a parking spot along the road. The house windows shaking to the beat of boom ba boom ba boom ba as a car with 500 watts of stereo gear goes cruising by and a whole slew of other daily things that go on that I can do without.

          I work on Merchant Ships and I'd rather go back to the peace and quiet the ocean offers. And yes we run into idiots there but not so many. No phone, no car , no grocery store. Lottery can be played by the year here in Va. 

           

           Good Luck,

          Blackie.                           

            Avatar
            New Mexico
            United States
            Member #12305
            March 10, 2005
            2984 Posts
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            Posted: June 19, 2005, 9:19 pm - IP Logged

            I work on Merchant Ships and I'd rather go back to the peace and quiet the ocean offers. And yes we run into idiots there but not so many. No phone, no car , no grocery store. Lottery can be played by the year here in Va. 

            Cool.

            Jack

              Blackie's avatar - Norfolk 20Sunrise%20Nov%2016.jpg
              Norfolk , Va
              United States
              Member #4541
              May 2, 2004
              25101 Posts
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              Posted: June 20, 2005, 12:37 am - IP Logged

              Yeah Jack , It is pretty cool at times and I forgot to mention they pay you to see the world. Why retire ?

               

               Good Luck,

              Blackie.                           

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                United States
                Member #1826
                July 11, 2003
                2645 Posts
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                Posted: June 20, 2005, 3:02 am - IP Logged

                $4,000,000 cash value. After taxes, I should be able to get $60,000 a year from a high-yield savings account. That's enough to retire on.

                (insert signature here)

                  SirMetro's avatar - center
                  East of Atlanta
                  United States
                  Member #6191
                  August 11, 2004
                  1389 Posts
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                  Posted: June 20, 2005, 10:30 am - IP Logged

                  Personally, I don't want to retire. I watched my dad slowly deteriate after he retired. When he went back to work, he seemed to regain his vitality. For me, I like what I do and I even like my boss. A few million would be nice, but I don't think I believe in a dollar amount that would make me want to retire. Just some of my thoughts is all.

                  Sir Metro

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                    Blaine WA
                    United States
                    Member #17275
                    June 15, 2005
                    117 Posts
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                    Posted: June 20, 2005, 10:43 am - IP Logged

                    ten mil would leave about 70k per annum after taxes and leaving one half the interest  reinvested, all this in non taxables.

                      Litebets27's avatar - power
                      Maryland
                      United States
                      Member #10465
                      January 14, 2005
                      6065 Posts
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                      Posted: June 20, 2005, 10:50 am - IP Logged

                      I've always been one who plays the big jackpots and wish for a big win. But after the horrible last few weeks at work, I feel like, give me a half a million and I'm out of here.

                      litebets

                        Avatar
                        New Mexico
                        United States
                        Member #12305
                        March 10, 2005
                        2984 Posts
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                        Posted: June 20, 2005, 10:56 am - IP Logged

                        I've always been one who plays the big jackpots and wish for a big win. But after the horrible last few weeks at work, I feel like, give me a half a million and I'm out of here.

                        litebets

                        Sending you some extra strong wishes for half-a-mil win.

                        Good luck,

                        Jack

                          KyMystikal's avatar - 1457224010054
                          Florence, Alabama
                          United States
                          Member #8658
                          November 13, 2004
                          1993 Posts
                          Online
                          Posted: June 20, 2005, 11:06 am - IP Logged

                          Personally I would probably need 5 mil to retire but I would want to give my family money and my wife's family money and help the less fortunate so I'de probably need 20 mil. to retire. 

                          I love doubles and remember, it's just a game!!!!!!

                            rabbitfoot's avatar - 8ball

                            United States
                            Member #620
                            August 25, 2002
                            205 Posts
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                            Posted: June 20, 2005, 3:38 pm - IP Logged

                            My wife and I are retired now with a $-million retirement each.  Believe me, retirement is a lot better than working!

                            I play to dream and dream of winning a major jackpot!