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Could you live off $500K trust fund if own house/condo at age 50?
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Date: October 3rd, 2025 9:30 AM Author: (18-0> Is this a feasible option? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321794) |
Date: October 3rd, 2025 9:31 AM Author: big mean son of a bitch Money is flaem no one needs any (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321797) |
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Date: October 3rd, 2025 9:32 AM Author: (18-0> money is real and evreyone needs to buy food (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321804) |
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Date: October 3rd, 2025 9:34 AM Author: UhOh i think you'd need a part time job until ss and medicaid kicks in. you put that into treasuries and it's like $20k a year. that'll cover your property taxes, HOA, utilities, car and health insurance. use the part time gig money for entertainment. do that for 10 years then start drawing it down and collect ss. but you're on the edge man, one big house repair or condo assessment or inflation wave and you're fucked.
you're better off selling condo and moving to se asia or latin america where $20k/year is middle class. |
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Date: October 3rd, 2025 9:40 AM Author: (18-0> dont know if I want to live in ttt country. PT job sounds good. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321818) |
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Date: October 3rd, 2025 9:42 AM Author: Brilyn Hollyhand ((zurich is stained)) how much do you have in savings otherwise? i'm trying to get to about 1.2m in taxable accounts so i can just retire and live off like $200k/year for a while until i can get to retirement money. i should be there by age 50.
wife and i have $2.2m or so in retirement funds so i figure by the time i go to withdraw any of that, it should be worth 12-15m. or we are about to go into a prolonged bear market and i'm fucked. either way. |
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Date: October 3rd, 2025 9:44 AM Author: Nothing Ever Happens (🧐) "wife and i have $2.2m or so in retirement funds so i figure by the time i go to withdraw any of that, it should be worth 12-15m."
Are you expecting to retire at 96 or something? |
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Date: October 3rd, 2025 10:09 AM Author: Brilyn Hollyhand ((zurich is stained)) pick nearly any 15 year period on here https://ofdollarsanddata.com/sp500-calculator/
plug in $2.2m
and yes i know that prior results, etc. i think the one timeframe that fucks you is if your starting balance starts running from 2000 after the internet bubble burst. in that scenario, you have like $4.5m by 2015. obviously if something like that happens, i'm in some shit. that said, i have like $600k in the Fidelity bitcoin and ETH ETFs in my 401k plan so let's hope that crypto doesn't also go into a prolonged bear market. |
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Date: October 3rd, 2025 9:46 AM Author: The Buzz Aldrin Spacelaw Fellowship 1.2M is like ~ 60K/ yr, no? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321831) |
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Date: October 3rd, 2025 10:01 AM Author: Ass Sunstein Uh, you might want to run those numbers again (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321874) |
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Date: October 3rd, 2025 10:11 AM Author: Brilyn Hollyhand ((zurich is stained)) i'd only need to live off the $1.2m for like 15 years. i ran some monte carlo faggot simulation and i think i have like 85% chance of maeking it that long while taking out like $150-175k per year for that period of time.
if i went bust, i'd go be a greeter at wal mart until i was ready to withdraw retirement funds. mortgage is $2600/mo, wife has bullshit WFH internet job making 100k. college for the kids is nearly fully funded. our expenses are pretty low. |
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Date: October 3rd, 2025 9:50 AM Author: Bob Rooney you would have to live in the woods tbh. also, 500k trust funds arent really a thing. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321835) |
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Date: October 3rd, 2025 9:55 AM Author: Long TERF War for PeterBoi Poon ( ) House free and clear? No wife / kids? That's maybe $30k of cash annually if handled properly
good luck |
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Date: October 3rd, 2025 10:13 AM Author: (18-0> dat pt job will bring in $50K year. house is paid. im gay. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321907) |
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Date: October 3rd, 2025 10:32 AM Author: Paralegal Poaster 100 million people in this country live off of $10k a year I think i could manage (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321934) |
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Date: October 3rd, 2025 10:39 AM Author: Bob Rooney no they dont (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321946) |
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Date: October 3rd, 2025 10:39 AM Author: Paralegal Poaster yes huh (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321948) |
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Date: October 3rd, 2025 10:40 AM Author: Bob Rooney can you explain living on 10k/yr in the us to me like im 12? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321952) |
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Date: October 3rd, 2025 10:42 AM Author: UhOh homeless people, transients living in their cars, etc. definitely not 100 million of them, but there are lots. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321955) |
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Date: October 3rd, 2025 10:44 AM Author: Bob Rooney lmao ok literal homeless people can live off of 10k i agree (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321964) |
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Date: October 3rd, 2025 10:40 AM Author: ..;.;:.;.;..:..;,;,;. Sure, you get a 5% return with 3% inflation so you net $10,000 whole dollars to live on. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2,#49321950) |