Can You Retire on a $100,000

Just a question I like to ask. Can one live in retirement on only $100,000 based on interest earned alone, aside what he/she may have in addition saved in other accounts? Just a question.

 

Depends on your spending habits. But realistically no, unless you can find a way to convert $100,000 into $100,000,000 with some sound investments and what have you.

That way, you can say you have a little hedge fund experience.

 

Not a chance.
Do some calculations on it, there are several on the web.

 

If you can live on $3000 a month, or 3% of the invested amount it's possible.

 

If you can make 3% a month on your month please let me know who your broker is so we can get in on the ponzi scheme lol

 

<< Right here, player. I want in on that too. :smt039

 

Dude best investment of life so far SiriusXM and even that shit wasn't 3% a month and I bought that shit dirt cheap.

I got in at .32 a share wish I bought it at the beginning of the crash that shit was .06 in 08. I'd be fucking rich by now. Smh

 

Had a guy I knew buy it when it hit about $0.20. He didn't come out rich but definitely made some thousands from it. Bought himself a used Porsche and just got a house. Not bad, I guess.

 

dude it's at 2.30 right now. Wish I held on to it but you can never tell how that shit is gonna go. Remember Citadel? So many dudes lost their shirts from that joint.

 

That's just how the market works. It's erratic and is constantly being manipulated.

You need to read up on 'The Intelligent Investor' by Benjamin Graham. It's a market bible.

 

3000 a month? U kidding right? It would take a few years and that would be eaten up. BD is like 30 yo-ish.

 

Thanks for the suggestion fam

 

He missed the capital gains tax which would make it more like 1800 if it were possible

 

Even w/o that, its not possible on $3000 a month. You spend 36K a year w that. You need some serious fortune telling capabilities to invest money to live off that. Maybe he meant 300 dollars?

 

I couldn't even live in my car off of $300/month.

 

Definitely not in LA maybe La lol

 

Or rural Thailand?

 

3 percent monthly interest

Wat bank you with cuz, we all need that hookup

 

The bank of The Wire the Barksdales were the only ones seeing that kid of return

oh shit Omar's coming

 

Lol

Saving up the initial 100k isn't hard it you curb spending and have an eye for long term goals

Just imagine how much extra money that could generate yearly at a bank with a solid apy

Now imagine how much ud have if you steadily put more money into it

Could really balloon into a nice additional retirement fund