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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: milky spectacular dysfunction lettuce 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: Exhilarant set boistinker 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: milky spectacular dysfunction lettuce 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: Purple Irate Lay 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: milky spectacular dysfunction lettuce 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: Twisted Parlor 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: Aromatic slimy rehab mexican "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: Twisted Parlor 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: violent ruby kitchen coldplay fan 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: Tan Immigrant Menage 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: Twisted Parlor 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: umber useless brakes round eye 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: Swollen Learning Disabled Death Wish Idiot 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: milky spectacular dysfunction lettuce 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 9th, 2025 12:30 PM Author: canary casino national security agency (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49336841) |
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Date: October 3rd, 2025 10:32 AM Author: histrionic locus legal warrant 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: umber useless brakes round eye 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: histrionic locus legal warrant 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: umber useless brakes round eye 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: Purple Irate Lay 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: umber useless brakes round eye 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 7th, 2025 9:52 AM Author: Diverse Field Reading Party (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49331424) |
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Date: October 3rd, 2025 10:40 AM Author: snowy tank 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: honey-headed new version 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: vibrant pearly goal in life pisswyrm 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: honey-headed new version 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: vibrant pearly goal in life pisswyrm 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: histrionic locus legal warrant "$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: vibrant pearly goal in life pisswyrm 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: honey-headed new version 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: Tan Immigrant Menage (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49322578) |
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Date: October 7th, 2025 9:51 AM Author: Diverse Field Reading Party (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49331423) |
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Date: October 3rd, 2025 2:14 PM Author: Twisted Parlor 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: vibrant pearly goal in life pisswyrm 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: Twisted Parlor 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: vibrant pearly goal in life pisswyrm 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: Twisted Parlor 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: tripping idiotic brunch 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: vibrant pearly goal in life pisswyrm 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: Twisted Parlor 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: vibrant pearly goal in life pisswyrm 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: Twisted Parlor 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) |
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Date: October 9th, 2025 12:35 PM Author: cowardly den brethren Just cop dat ssdi (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49336869) |
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Date: October 3rd, 2025 10:46 PM Author: Avocado galvanic blood rage in Cambodia? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49323757) |
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Date: October 3rd, 2025 11:46 PM Author: Khaki contagious therapy Nobody in this thread seems to have any comprehension of how fucking expensive health care is for early retirees. Even if you get the shittiest possible plan with a $20k deductible, you're going to pay a minimum of $1,000 per month in premiums. Probably closer to $2,000. And that's your absolute lower bound where you never see the doctor and never get sick. I'm in my mid-40's with a $2.5M net worth, and I'll be completely debt free within 10 years (including mortgage). But I'm still not sure I will be able to retire until my wife is eligible for Medicare, because until then health care expenses basically eat my entire budget. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49323842) |
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Date: October 3rd, 2025 11:47 PM Author: Purple Irate Lay i was thinking about this earlier after poasting above. in this country you're basically forced to work for healthcare until you're 65 or whatever or be so poor that you have nothing to lose. but if you're just rich enough to FIRE, basic ass health insurance is like a $1000-1500 a month and rising, forever, and if you don't pay for it you're rolling the dice with a hospitalization that wipes you out. there's no reason for those people to stay here. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49323843) |
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Date: October 3rd, 2025 11:57 PM Author: Avocado galvanic blood rage dude needs to do 2x-3x leveraged ETFs in his HSA (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49323857) |
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Date: October 4th, 2025 12:32 AM Author: tripping idiotic brunch If you have 2.5mil, I don't see how 1000$/month puts a dent in your budget. On the other hand condo fees plus expensive car insurance in Miami or 10%+ extra tax in nyc or California is a lot. But all of the above can be solved if you move to a country like Vietnam or malaysia. There must be cheap countries with good healthcare.. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49323883) |
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Date: October 7th, 2025 12:26 AM Author: Khaki contagious therapy The safe withdrawal rate for an early retiree with a $2.5M nest egg is going to be around $100k per year. I would spend a minimum of around $1,000 per month on premiums (probably more). My wife has medications that cost close to $2,000 per month (and I'm paying 100% out of pocket with my $20k deductible). In other words, I'm paying close to $40k per year on health care costs alone, and that's assuming that neither of us gets seriously ill. Then add in $1500 per month in property taxes and insurance that I have to pay even without a mortgage. Pretty soon I only have about $30k-$40k annually to spend on groceries and everything else. It's doable, but if I have to live on $30k per year, I may as well keep working at that point. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49330932) |
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Date: October 7th, 2025 5:17 AM Author: tripping idiotic brunch Why is your wife on 2000meds? I can see spending 2000 on botox and lip fillers that's not covered by insurance anyway. But is your wife disabled? In any case as I said condo fees and car insurance in usa is too much, move to a cheaper country problem solved and health insurance much cheaper in foreign countries.. also 4% withdrawal rate assumes you keep all the money in a savings account. Qqq/qqqi can easily do 10% unless u want to take all that money to the grave.0 (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49331135) |
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Date: October 8th, 2025 2:54 PM Author: Khaki contagious therapy JFC you are a fucking idiot. Number one, I know this is a foreign concept to you, but normal people have friends and family that they like to spend time with. And non-autists are not interested in moving to a place where they never see their family in order to retire a little earlier.
And if you try to withdraw 10% of your nest egg per year, you are going to run out of money as soon as there is a down market. If you retire at age 65, a 4% withdrawal rate makes it unlikely that you will outlive your savings if you live to 95, but you could still be fucked if the market tanks right when you retire. If you are trying to FIRE, you need to be significantly more conservative. Regardless, a 10% withdrawal rate basically ensures that your money will run out unless you retire at 80 or something. |
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Date: October 9th, 2025 11:56 PM Author: Razzle market juggernaut The Affordable Care Act (ACA) sets a cap on how high the out-of-pocket maximum can be for most plans. For 2025-- Individual plan: $9,200. Family plan: $18,400.
$1K per month in premiums + $18.4K OOP max = $30.4K max.
> I'm paying close to $40k per year on health care costs alone, and that's assuming that neither of us gets seriously ill.
So you're paying closer to $30K per year on health care costs; whether you get seriously ill does not change that. Once you've hit the OOP max, insurance picks up the excess.
Further, if you know you will hit the OOP max every year, you can shop plans with lower OOP maxes (and lower deductibles) but higher premiums -- it's simple math to determine whether the combined premium + OOP max is cheaper than your current plan ($30.4K). From personal experience, you can likely find something cheaper, perhaps significantly so.
If it's only your wife who has high healthcare costs, you should buy individual plans separately. She should buy an individual plan with a very low OOP max (a Gold or high Silver plan on the exchange). Yes, the premium will be high, but only her's (not yours), and it will quickly cover 100% of her medication costs once you reach the $6K OOP max on her plan or whatever. |
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Date: October 10th, 2025 9:30 PM Author: Khaki contagious therapy All excellent points. It actually never occurred to me to buy a separate individual plan for her. That's probably credited, especially since she is a few years older than me (and hence will be eligible for Medicare sooner).
But the point remains that health care is fucking expensive for early retirees. You need to budget at least $20k-$30k per year for health care expenses alone until you are eligible for Medicare. |
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Date: October 11th, 2025 10:52 AM Author: tripping idiotic brunch Lol u calling me autistic and u married to fat fiabetic disabled "woman" and your fivk don't work. Is your endgoal to be a gay passive bottom (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49341687) |
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Date: October 12th, 2025 2:02 AM Author: Khaki contagious therapy This is coming from the short repulsive autist who literally has to buy a woman because he can't find a woman on the planet who will have sex with him willingly? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49343088) |
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Date: October 8th, 2025 3:00 PM Author: Flatulent ladyboy twinkling uncleanness why would you pay for "health care" when hookers and blow exist (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49334707) |
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Date: October 9th, 2025 12:26 PM Author: Khaki contagious therapy Because when you get to my age, it is difficult to get my dick to even rise without the help of "health care." Although now that you mention it, letting my wife die of diabetes while I use the money I save to fuck hookers might be credited, actually. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49336823) |
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Date: October 12th, 2025 2:20 AM Author: Disturbing maize mediation you're just supposed to die, not to subsist as a pfizer-addled dementia meatpuppet for your resentful adult children to spoonfeed if they or you can't afford a tik tok nurse to pull 8 hour candy crush sessions beside them (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49343092) |
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Date: October 4th, 2025 12:35 AM Author: Shivering stead Definitely not. And not just because of the healthcare issue. Even if you could get on a spouses or family members healthcare and didn't have to pay out of pocket, this isn't feasible. no way. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49323891) |
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Date: October 5th, 2025 8:17 PM Author: vibrant pearly goal in life pisswyrm Just don't worry about health. Problem solved (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49327519) |
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Date: October 5th, 2025 9:23 PM Author: milky spectacular dysfunction lettuce the trick is to stay healthy. problem solved. (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49327684) |
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Date: October 5th, 2025 9:54 PM Author: vibrant pearly goal in life pisswyrm You know there's no way out of this thing alive, right? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49327790) |
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Date: October 7th, 2025 5:27 AM Author: cowardly den brethren Retiring in Thailand or something is absolutely doable.
The risk aversion on XO is off the charts |
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Date: October 7th, 2025 5:48 AM Author: tripping idiotic brunch I'm going to Thailand with a 24yo Russia next month (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49331142) |
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Date: October 7th, 2025 5:59 AM Author: bateful internet-worthy garrison weed whacker pics? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49331143) |
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Date: October 11th, 2025 2:03 PM Author: milky spectacular dysfunction lettuce whats his name? is he taller than you? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49342082) |
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Date: October 11th, 2025 10:56 AM Author: Shivering stead what is your health insurance situation? (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49341694) |
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Date: October 11th, 2025 2:05 PM Author: milky spectacular dysfunction lettuce health care is covered sort of, but no where near as $$$$$ as the guy above with diabetic scooter-bound wife
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Date: October 11th, 2025 1:35 PM Author: Spruce effete cruise ship trust fund It's weird how when you travel abroad nobody is worried about paying for doctors (http://www.autoadmit.com/thread.php?thread_id=5782618&forum_id=2.#49342015) |