I am at 750k right now. All I know is I wanna quit my 9 to 5 and it can't happen till I have a portfolio of atleast 3M invested s&p 500. Do you all have a number in mind or would you just keep gambling for the rest of your life?
Do you have a number in mind after which you’ll quit.
byu/Pitiful_Inspector_62 inwallstreetbets
Posted by Pitiful_Inspector_62
43 Comments
5M
My number is $10M. I don’t gamble.
$3-5 sounds about right
No but at $2M I’d live in the French alps mostly cashed out
I wouldn’t quit. Fortunately, I do like my job, its not wildly difficult, pays well, and has a lot of stock in my compensation that has been performing well for the last few years
$749k Bob
10M
5m. We all want to quit, but obviously, it’s not likely to happen.
A better way to think about it is how much cash flow can you reliably generate.
Seen plenty of people retire with $2M only to go back to work a few years later.
Hell with my retirement if I could hit 500k and pay off everything I wouldn’t need to do anything if I didn’t want to
What is with all the shit advice in here? Did this place turn into r/fire over the weekend?
There is no number – you either become the next buffett or work behind the wendy’s dumpster. No inbetween
But yea 5-10M liquid would do it
10 mil
Tree fiddy
Why not sell theta on dat cash and quit on Monday you wet fart?!
20M
Paid off house and $2m invested.
Y’all have fun waiting til 10. I’d rather have 5 and 8 years of not working.
250k
3-5m
$2M
I’ll still prob hit the Wendy’s parking lot every now and then just to remember the good ol days though.
$3m + house
when i am able to join the tres commas club 
No
3Qiqa is a good number
At 3 million invested assets, I’m cutting back hours at work significantly. At 5 million I’m probably done.
$1.6 million.
At a 3% withdrawal rate, I can live off $4k a month in perpetuity
Give me $3 million and you’ll never see me again
Need about 2 mil. Fully own my home and cars. Have about 6 acres of land. Just need the 2 mil, sell the house, build on the land and start really living.
One billion dollars
When I get to my number, I’m only doing Nancy trades. Itm long leaps
Todays dollars. 2.5m min
whenever my current job is done, that’s it for me. i was going to quit but i’ll wait for a layoff. i’m guessing that’ll be soon enough
See you in r/FIRE or r/povertyfinance in a few months.
3-5 mill is when i retire. i dont need anything fancy.
Mostly inaccurate statements on here from people who really haven’t done the math.
I’d walk tf off at $500k tbh. My expenses are very low and that could set me for quite a long time.
4M, paid off land and a built house and I’m chilling.
5B
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With 1 million, if nothing changed. I can be comfortable living on 50k a year for the next 20 years.
So with 2, maybe 3 million, I’d be well off.
0 probably
It all depends on what your annual nut is. If you have a house paid off and no other debt, you just need to worry about taxes and insurance there. That’s a hell of a lot better than having a mortgage hanging over your hear.
Get a second house that you can rent and it can cover taxes and insurance for both.
Gotta feed yourself. Learning how to cook cuts that down considerly. Gardening could help cut that down too, although most people I know spend more money on that hobby than it saves them.
Health insurance is a biggie. That alone might be enough to make you work something even if it isn’t your normal 9 to 5. Exercise, eat right, get shit checked out and health care costs usually stay manageable.
If you take all that into account and you can do it on $2500/month, then you’re there. If not, work the problem from both sides. Reduce expenses and continue to grow. Eventually the two will overlap.
1M after taxes