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Post by msdemos on Feb 5, 2020 22:01:38 GMT
......with no "strings" attached, what amount do you think you could live comfortably enough on (though not extravagantly), for the rest of your life ??  SAVE FERRIS
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Post by Catman on Feb 5, 2020 22:06:19 GMT
A million or more. Nursing homes cost a hell of a lot of money.
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Post by Stammerhead on Feb 5, 2020 22:38:01 GMT
A million or more. Nursing homes cost a hell of a lot of money. My dad had the right idea, he died from a heart attack before that sort of thing became an issue.
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Post by politicidal on Feb 5, 2020 22:50:43 GMT
Are you kidding? Anything north of a billion. Oh but not âextravagantlyâ. Party pooper. Iâll settle for a million or more.
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Post by NewtJorden on Feb 5, 2020 22:58:27 GMT
A million or more.
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Post by mslo79 on Feb 6, 2020 0:42:00 GMT
$1mil or more to be safe ; especially if there is a reasonable chance your going to live 40+ years. but for someone who's 60 years old or so the could likely get by with less than $1mil.
Just to ball park things (for myself) and this assumes this is in ones pocket...
-$20k a year for 40 years = $800k (I would figure this would probably be a low end figure as things could be a bit tight)
-$30k a year for 40 years = $1.2mil (I would prefer not to go less than this to be a little safer though)
-$50k a year for 40 years = $2mil (I can't see a single person needing more than $50k a year for the foreseeable future as you should be living comfortable at this range for sure)
but it depends on ones age as if someone is like 60 or 70 years old they won't need as much as someone who's younger as I based my figures above on myself dying around 80 years old. but if someone is like 20 years old they will probably need roughly 60 years worth of $.
p.s. unless someone lives in some semi-rich area a single person likely won't need more than $50k a year for the foreseeable future to live comfortably enough as they can live in a decent area and eat decent food with a decent vehicle etc. probably with less but to be a little safer I would prefer the $50k a year to account for random crap happening as one could save a good portion of that $ each year so if ones health took a hit they should be safe with this especially if paired with a half way decent health insurance etc.
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Post by Nora on Feb 6, 2020 2:40:01 GMT
$1mil or more to be safe ; especially if there is a reasonable chance your going to live 40+ years. but for someone who's 60 years old or so the could likely get by with less than $1mil. Just to ball park things (for myself) and this assumes this is in ones pocket... -$20k a year for 40 years = $800k (I would figure this would probably be a low end figure as things could be a bit tight) - $30k a year for 40 years = $1.2mil (I would prefer not to go less than this to be a little safer though) - $50k a year for 40 years = $2mil (I can't see a single person needing more than $50k a year for the foreseeable future as you should be living comfortable at this range for sure) but it depends on ones age as if someone is like 60 or 70 years old they won't need as much as someone who's younger as I based my figures above on myself dying around 80 years old. but if someone is like 20 years old they will probably need roughly 60 years worth of $. p.s. unless someone lives in some semi-rich area a single person likely won't need more than $50k a year for the foreseeable future to live comfortably enough as they can live in a decent area and eat decent food with a decent vehicle etc. probably with less but to be a little safer I would prefer the $50k a year to account for random crap happening as one could save a good portion of that $ each year so if ones health took a hit they should be safe with this especially if paired with a half way decent health insurance etc. where would one have to live to be able to live on 20k a year though? |
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Post by Nora on Feb 6, 2020 2:42:51 GMT
......with no "strings" attached, what amount do you think you could live comfortably enough on (though not extravagantly), for the rest of your life ??  SAVE FERRIS Well nothing under 1 mil would keep me alive for at least 40 more years but even that would mean just barely scrapping by. I would probably ask for 2 m but still be worried that wouldnât last (especially if you get health trouble and live in the US) so comfortable would probably be 4 m and above especially if I wanted to continue to live in NYC and not have to have roommates etc. Now if You asked me the same question in Europe I would be ok on 1 m... |
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Post by mslo79 on Feb 7, 2020 0:38:29 GMT
NoraYeah, don't get me wrong, that would be rough. but I would assume there are some areas where $20k might be livable. but obviously I would prefer to have a little room to breathe.
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Post by The Herald Erjen on Feb 7, 2020 0:50:27 GMT
$100,001 - $250,000
I've already got over a hundred grand in an IRA and a 401k, but I still have several more years to live and I'm not sure if those would be enough.
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chalk3
Sophomore
@chalk3
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Post by chalk3 on Feb 7, 2020 5:57:09 GMT
Need at least a million plus.
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Post by Morgana on Feb 7, 2020 7:48:30 GMT
One million or more. A house by the sea doesn't come cheap.
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Post by Xcalatë on Feb 7, 2020 15:11:00 GMT
1M+ and use it wisely so I never have to work again.
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