i doubt, to retire you need 1M at least or 500k, even if bitcoin would reach 1M per coin a fraction of it let's say 0.1 or 0.01 are not enough to retire in any case
If you want to live on the streets and be poor, yes you need 1 Million to retire. If you want to have a decent life you probably are looking around 3-5 million. You are going to need more than 100 coins in order to get that amount. Good luck!
what no... i need only 5k per year to live in a decent house with a decent life, so 500k is more than enough for me
you need 3-5 million if you want to hire whores every night...
That is assuming no mortgage payments or property taxes I am assuming? Also I hope you don't have a car or anything either.
Basically the cost of living cheap would be this:
500 mortgage/month
120 gas/electric/month
100 property tax/month
50 gas/month
say 160 food/month
Total of 930 a month which is not including fun, cable, any other payments you might have
*30 years is about 500k roughly.
That is if you retired right now. If you retire in 10 years, probably multiply that by about 1.25 or so for inflation. 20 years, 1.5.
If you can live that, and I low balled the crap out of everything congrats, I don't see that as a comfortable home, nor allowance for any fun.
with mortage you mean for the house? no there is no mortage, the house is completely payed and it's mine
i don't use car, bicyclette all the way, cheaper from every point of view, so no gas wasted, but foods is actually more expensive for me at least 200, up to 250
I did mean for a house payment. You still have to pay property taxes and gas/electric though. Sounds like you live fairly cheap. It still depends on when you will retire for how much money you need. Most experts agree that 1million right now is a low point of what you should retire.
well bills are not so expensive if you are alone, probably 100 for everything including internet and taxes on trash and something like that
those expert conduce a very healtly life by wasting money on useless festivity
Yeah I suppose it also depends on where you live too. Where I live there is no way you are paying taxes and trash and electric and gas for 100 dollars a month. Cable alone will set you back over $100 a month. So it definitely depends where and when you are retiring as well.