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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: .__ 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: .__ 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: .__ 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: seek christ ((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: seek christ ((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: seek christ ((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: .__ 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) |
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Date: October 3rd, 2025 1:08 PM Author: Emperor CRISPR Chad von Neumann III Sell the condo and move to a shithole in a low COL area and maybe if you’re cool eating nothing but rice and beans (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322334) |
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Date: October 3rd, 2025 1:58 PM Author: Fucking Fuckface How would you guys handle retiring now with the following:
1 million in brokerage account 50k in bank accounts 850k in crypto |
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Date: October 3rd, 2025 2:01 PM Author: Emperor CRISPR Chad von Neumann III Age? Family, housing, geography, and other cost of living factors? Health insurance sitution? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322447) |
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Date: October 3rd, 2025 2:07 PM Author: Fucking Fuckface Early 40s Family can figure out their own retirement $800/month mortgage Shithole city about the US average cost of living
No known health issues and no care if I were to get any |
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Date: October 3rd, 2025 2:10 PM Author: Paralegal Poaster "$800/month mortgage"
Given that you are poasting from the year 1952 I think you'll be fine retiring on that |
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Date: October 3rd, 2025 2:17 PM Author: Fucking Fuckface No flame. Specific circumstances that make this make sense, but won't go into detail. House will be paid off by 2030 (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322505) |
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Date: October 3rd, 2025 2:15 PM Author: Emperor CRISPR Chad von Neumann III I mean, you can probably afford flying to Switzerland and sneaking into one of the suicide pods (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322496) |
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Date: October 3rd, 2025 2:39 PM Author: Ass Sunstein (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322578) |
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Date: October 3rd, 2025 2:14 PM Author: seek christ ((zurich is stained)) which crypto? age? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322493) |
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Date: October 3rd, 2025 2:21 PM Author: Fucking Fuckface Mostly in BTC. About 80k in ether. About 20k in litecoin. The rest is losing money in really shitty alts from a cycle to two cycles ago (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322520) |
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Date: October 3rd, 2025 2:23 PM Author: seek christ ((zurich is stained)) i am a believer in $1m BTC. i have like $450k of my 401k in the fidelity bitcoin ETF and another 200k in the ETH etf. also have like $200k in solana on coinbase.
anyway, i think the bitcoin will make you rich but who knows. that is the real determinant here of whether retirement now is a good idea.
how old are you? that is important. regardless of age, i would feel a little bit nervous retiring on $1m but it could work. |
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Date: October 3rd, 2025 2:26 PM Author: Fucking Fuckface We have similar views. I plan to save another million in the brokerage account before retiring, even though I really don't want to. Would just let crypto ride
Age is early 40s |
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Date: October 3rd, 2025 2:27 PM Author: seek christ ((zurich is stained)) unless the market melts down, which is definitely possible bc its gone up so long, you should be good in a few years. wife and i hit $1m in 401k balances in 2020, and we hit $2m in about mid 2024. we are at 2.2m in 401k accounts now. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322548) |
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Date: October 3rd, 2025 2:28 PM Author: ,.,,,. If butcoin were 50k I could buy that btci abd live off dividends. But right now it is ripe for a pullback, unlikely to drop below 50k ever. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322549) |
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Date: October 3rd, 2025 2:31 PM Author: Fucking Fuckface Agreed. My average cost per BTC is just below 20k. Have been holding for years (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322555) |
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Date: October 3rd, 2025 2:40 PM Author: seek christ ((zurich is stained)) i wish i fucking bought BTC when it dipped to 16-17k in 2022. FUCK. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322579) |
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Date: October 3rd, 2025 2:43 PM Author: Fucking Fuckface Don't fuck around if there's a big pullback. I thought it would go to 12.5k in the last one and missed buying even more at 16k.
If I were just entering, there's a chance it drops to the 40s, but I would enter with at least half my investment amount around 67k |
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Date: October 3rd, 2025 2:44 PM Author: seek christ ((zurich is stained)) i would be shocked if there's ever a pullback below 60k again. there's so much institutional money involved now. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2#49322603) |