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How many millions would you need to retire and live comfortably going forward

Topic closed. 21 replies. Last post 4 years ago by a911scanner.

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United States
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May 25, 2011
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Posted: March 21, 2013, 6:09 pm - IP Logged

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    helpmewin's avatar - dandy
    u$a
    United States
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    February 22, 2011
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    Posted: March 21, 2013, 6:13 pm - IP Logged

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      dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
      Oklahoma
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      Posted: March 21, 2013, 9:55 pm - IP Logged

      Whatever I'm blessed with.

      I Love Pink & Green 1908

        Think's avatar - lightbulb
        Marquette, MI
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        Posted: March 22, 2013, 8:58 pm - IP Logged

        Would it over $100 mil or under? What would your ballpark number be?
        For me: Its $30-50 mil AFTER taxes.l have factored in charities etc- hence the 50"

        I'm going for 40 years out so I use 166.1181 as my inflation multiplier.

        Seeing that the maximum wage allowed by law by Obama is $250,000 before you start incurring fines I would figure that that is about 180,600 after taxes so....

        180,600 * 166.1181 = $30,000,921.73  adding $8,000,000 for lawyers, accountants, and celebration money we get 38,000,921.73 for 40 years  and that figure is for the after tax cash payout.

        Course anything over that is fine too cause it would be easier to spread around!

          helpmewin's avatar - dandy
          u$a
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          Posted: March 22, 2013, 9:02 pm - IP Logged

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          why are you not happy?

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            wisconsin
            United States
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            July 23, 2012
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            Posted: March 22, 2013, 10:01 pm - IP Logged

            Being in my late 30's, I'd be looking for around $5million after taxes. That would give me enough to give a little to family, buy some land/house and invest the rest.

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              CST
              United States
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              March 23, 2013
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              Posted: March 23, 2013, 2:48 am - IP Logged

              $3M AT is the lowest I could go to "retire" and live somewhat comfortably.

               

              $99 M after taxes & tithe does get me much more comfort though...

              - $10M House on the beach

              - $20M TF for kiddo

              - $10M for 5 large bank accounts, new furnishings for new house, couple of nice vehicles & a vacation or 2.

              - $10M in Dividend Aristocrats

              - $50M in tax free munis @ 4.5% (or better) which genrates $2.25M/yr tax free. If you can't live on $1M/yr tax free and keep re-investing the rest, then your priorities are out of whack.