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by chirau 1690 days ago
When people say "enough money so that they don't have to work anymore", what kind of money are we talking about here? 1 to 10M? 10 to 20M? or what?
1 comments

In general you can leave your money in the stock market and take out 4% a year and expect that to continue forever. Obviously there is no guarantee on that but it has held true for 60+ years. If your expenses are 40k/year you only need 1M to retire. 20M would get you 800k/year.
I doubt 1M is anywhere close to the figure. And 40k in expenses? What kind of life would you be living? My rent alone is more than that.
It depends on the person.

There are a lot of people in the world who make $18/hour. This would cover their expenses. On the other hand someone like Bill Gates or Jeffrey Bezos have much higher expenses to you.