Topic: How many Bitcoins for Retirement. For Average Age and Salary NEWBIE. (Read 1818 times)

Depends what your ways to earn bitcoin itself + how much you spend bitcoin / months. bitcoin price itself need considered too, increased price = hard to earn it, let's assume earn bitcoin through selling service which now worth 10$ in 0.06 bitcoin, then if the price rise your bitcoin amount will reduced, unless using bitcoin fixed rate(i think it will make hard to get a project).

25 BTC good enough to used as retirement, personally i will using as much as i can earn bitcoin for retirement, when i have a project which i got paid using fiat.

I would have to assume at least 100 bitcoins if they stayed around the same price or similar to today (within 2-5x the price). The problem is you never know what they'll be worth so obviously  not saving for retirement only with bitcoins. Also I don't get any tax breaks for owning bitcoins  so that's always an issue too.

Thats already a good amount also here in my place mate oh i wish i can have even only the half of it and i can already make a good business to start for that amount, im also trying to buy little by little while im still have my day job and also trying to do good assessment with my alt trade to grow also even little by little.

I dont know how much bitcoins I will save for the future. Because here
in my country 1bitcoin is quite expensive and hard to earn tha fast.
But I wish I can have save atleast 80bitcoins for retirement.

25 btc is only a small capital. Yes the price of 1 btc is high but i think this is not enough for a retirement. 75 btc will do and that 75 byc should be use wisely. This enouhh amount of money can help to put a business that will help you to sustain your daily needs in life. Invest on something profitable and save for emergency purpose. I think if your business succeed, you can also the trend and have a peaceful life in your retirement.

i don't know whether I can reach the target or not, but i planned to have more than 100 bitcoin, i really want to enjoy my retirement that is why i need to put a bigger number, and if bitcoin still exist when i retired i believe i can used it to buy small farm and enjoying my old life, i think at that time bitcoin will worth more than 3000$

You have no idea how fast the world move, in the future the our expenses will be bigger and we can only be satisfied with 25BTC if by the time bitcoin's price will also increase.

i think 25 bitcoin is enough for your life and if you are not spend too much for buying all the product you want. and if you have simple living and not to follow the hot trends then i think you can pension and retirement with your bitcoin. because if we just follow the hot trends and not make saving then how many bitcoin you have in your wallet should be fast to be empty and i am sure that you don't want this is happen.

With that 45 bitcoin on the day of your retirement will be just a good capital for investment that can sustain you for the rest of your life surviving and living not that too elegant. But if you want to be elegantly living, maybe hundred to thousand bitcoins is the right quantity for sustaining your life and as well as your family without any proper investment but just pure expenditure.

25+ BTC is probably the ballpark for what you're going to need to have under your name if you want to retire with it and have it be a sizeable sum. More practically you're probably looking at something over 100 Bitcoin if you retire around 45 and you want to live off of your Bitcoin alone for the rest of that time, although you'll also have a low quality of living, assuming that you go off of current prices.

I believe in the future bitcoin price will keep on rising, so maybe around 100btc because i predicted the price will be above 1000$, so that will be enough for me to retire in my country

Since I am living on that country which is quite fair to consider for the cost of living. 100 bitcoin will be not just enough for an individual who has a family to support even he is already in retirement. But if the price of bitcoin will reach $10,000 but I don't know if we are able to make that amount of bitcoins before retirement. And for the average age and salary of newbie I guess if we will convert it to bitcoin today 1 bitcoin is just enough for a monthly wage.

It depends on what the price of Bitcoin is now vs what the price of Bitcoin will be at the time of your retirement. Also it would depend on the average salary in different countries in the world. What would seem enough for you to retire comfortably might not be enough for me to lead a normal lifestyle in my country for example. I think 100 BTC is the bare minimum for Europe because the cost of living is high. Bitcoin has so many variables that I would just choose a solid pension fund and save Bitcoins every month from my salary as I go on the side. It's a win-win situation.

yes that was true that because cost of living from each countries will not same for an example on my country with cost $250-$350 i can able to feed my family in a month so 1 btc from the current rate can able to feed my family at least for two months but there will be huge different if somebody else live at England or US because the cost of living will be much bigger at there so basically OP will found different answers coming from various countries in the world

100 btc is.enough. cause bitcoin will rise to its most promising ptice .  1btc= 100kusd. And were all  millionares on that time .
When you dream dream big.. i dream to own a massive  200 btc after 25 years.

Should We may Counting Period earlier age these times. if we have time 10 Years, And We Should have 5 BTC in one year time. I think it's enough for a happy retirement.

Hi, Good to see that you have removed your negative trust. 25 btc is a good amount and is sufficient only if btc gains good value. If it's  good for Retirement or not depends on many factors such as the life style of the person, place where he or she lives. What the price of bitcoin will be and the list goes on.

I recommend everyone to allocate some money every week or month and invest into bitcoin for retirement.

I think it depends on which country you are living. There are some countries that 25 BTC is equivalent to millions and to some is not. Also another factor is the standard of living. There countries which is very expensive to live. For me it is more than 100 BTC.

OP's question is unanswerable, also because the starting post lacks necessary information. Without knowing the time of retirement and the desired standard of living in a certain country no prediction can be made. "Average Age and Salary" is not helpful in that regard, because what's considered "average" greatly varies from person to person and country to country.

However even if these variables would be properly defined, it would still be impossible to make any accurate prediction, because there remain many factors that may influence the amount of BTC needed, whose future influence remains unknown. The two most important are likely the price appreciation of goods and the success of Bitcoin as a currency.

So in my view, picking any number is pure speculation. What's sure: You shouldn't plan your future solely based on Bitcoin. Even if the outlook is bright, you can never be sure about the outcome in a few decades.

ya.ya.yo!

I don`t assume that bitcoin will be around after 25 years.

Your question isn`t good.It`s not about quantity of bitcoin,it`s about how much they cost.

You can have 1000 btc but the price might be 200$ after 1 year or you can have 100 btc and the price

might be 9000$.

Honestly it is hard to reach even 25 btc or 10 btc but i think there is no bad to dream even 100 or more btc in my wallet i hope that i can start a business with bitcoin someday that i can save more than 100 btc..
Because we will be millionaire if we have it right now because the price is gradually increase every year... and more stores right now are accepting bitcoin according to a news in paris..

25btc is very small amount. You cant survive with that amount when you are going to retire in the future. Plus the prices of bitcoin is very unpredictable. Once its drops and never recover. Man, its all over. Try to save more money and dont put it all on bitcoin. Bitcoin is a good invesment. But its risky to put your retirement funds on bitcoin. Better save money and spend the half of it on bitcoin.

I need at least 100 Bitcoins for retirement if bitcoin's price 1k dollars each. However this value will increase due to bitcoin's price will sky rocket (in my opinion) i know it's hard to collecting 100 bitcoins unless you have big capital and build mining farm or maybe your altcoins that you holding right now being pumped more than 100k times.
I'll be happy when 100 bitcoin equals 1 Million dollars, but seems like it's impossible for this moment, at least for 25 Years later.

If you are earning bitcoin right now then hold that or save that for the future maybe you will gonna need it and you need more than 2000 bitcoin or maybe more if you are going to retireme in work and try to invest that money in bank so you will get and you will earn money while you sleep and how if the bitcoin price fall apart?

In my opinion 25 bTC is sufficient to make at the retirement .
I also thinks that if we have btc of amount 25btc then it is only sufficient at the current time but if You are asking about for next 20-25 year then you need to have 100 BTC because of the reason of rising price in the things in real world .

first of all you should stop thinking of bitcoin as a way of getting rich or surviving your bad economy by just holding some for your retirement future. bitcoin with all the good things which it brought us and also the profit of investment, it is still a risky investment.

besides the amount of money you need in the future for retirement depends on where you live, how much you want for that age and what you are planning to do then. and in the end bitcoin should only be like a 20% of your investment and the rest should be in other places.

Your question mixes the 2 problems:

1. How much money you need for your retirement?
2. How much will bitcoin be worth in the future?

You can probably easily estimate (1) - take monthly expenses, expected life length etc. Add a safe margin (it would suck if you live past your expectations with no money left).
(2) is all that makes the topic hot :-) Note that a single bitcoin value can vary from $0 to $1000000000 in the next 20 years. The civilization itself can collapse, an asteroid could hit Earth, a global crisis could collapse, the Internet could stop working, the Bitcoin could hard-fork.

If you can, split your savings, e.g. into gold (nothing better for a global crisis), fiat and bitcoins (for the future we all anticipate). If any of these fail, you are still left with some savings.

Other than that, a good practice is to save regularly, e.g. buy 0.2 BTC every month, regardless of the price. Make it a rule.

Buying bitcoin is still hard for people from developing countries and underdeveloped countries and they have to pay more than 10%+ to local seller to buy bitcoin and i think this will remain same for next few years. So its hard to directly put my savings from salary in bitcoin but localbitcoins have helped me alot on this.

I am thinking about 100BTC+ because if price can get upto 10x from the current price it will be like $700,000 which is quite good amount to invest in some projects or even will be enough to start local business from which i can enjoy nice constant income in retirement period or may be i will keep trading bitcoin/altcoin after my retirement also like now.

I live in a place where $10 is a lot (I can if living alone eat well for a week on that, and if in distress could eat enough for 2 weeks). But retirement is probably just as expensive for me as it is for most other people... assuming I'm past the age of productive work, I'll need to eat slightly better, be able to afford rent and healthcare for I don't know... 20 years?

I feel like even that's 240 months... if 1 BTC is worth even 1,000 dollars then, I probably could use up 1 BTC in 3 months for my expensive adult diapers and heart tablets haha.

The answer will almost definately be more then 100btc. If we live in a world where 25 btc will allow you to reture i will be a happy man 

BTC25 is not enough for me, I need like BTC100 just to ensure I can enjoy my retirement. It's good to retire happy with a lot of money.

The amount of bitcoins that would be sufficient for one's retirement depends on several factors,and in some of them you pointed out in your post.In the first place would depend on the country where you live or where you want to spend retirement.Your 25 Bitcoins are worth today around 18500$ what in some countries may be small fortune even today.The most important question is how much will be worth for 20 years?

If we assume that the value increased in this period by about ten times then for your 25 BTC you get 185000$.But you should take into account that the value of this amount today and in 20 years will not be the same.To put it simply,for the money you'll get then, you'll probably be able to buy a lot less than it is today.

If you have the opportunity to come into possession of 25 Bitcoin I do not see nothing wrong with your idea of retirement.You just need to keep in mind that this is a risky investment.

In the US/Europe/Japan etc $100,000 worth of bitcoin in today's dollars won't support you for long in retirement unless the value is continuing to grow and/or you are living with family.  Perhaps in some other less expensive locals it would be sufficient, but there are many variables.  If you search on "retirement income calculator" you can plug in values for yourself and see what the calculators show you'd need to have a safe retirement.

As far as what % should be in bitcoin, that is a personal choice given it could succeed wildly or not at all.

e.g.  this is US based, so if you are elsewhere, it might change slightly:

We should be careful to give financial advice on things that might influence someone's life negatively when they need finances the most. We have

ZERO guarantees that this experiment will succeed. When you reach retirement age, and you have bargained on Bitcoin to pull you through, and it

fails... then you will suffer financially until you die.... or you will have to work until you die. Let Bitcoin be a part of your nest egg, but not your

whole nest egg. 

according to the poll for me 25 btc is enough for me if the price will increase more soon.

Because the price of bitcoins here in my country is very expensive. so for me bitcoin here is gold.. and i think the price will increase more someday
So you can make more profit in 25btc.. that you can start your own business.

I have a good reserve of coins, what most of the people consider as a nice sum for a retirement. Still, I prefer to obtain more bitcoins for the future purpose, because never know how the market develops

Money are never enough and everyone, ok the most of you, will agree with that. That's why I guess many of us voted for maximum.
That's true that there are countries where normal salary is 100 $ per month and for them even obe BTC is too much. Same as in my country. Well,here nobody get 100$ salary but it's pretty normal money here as 500$ per month. But I will repeat - money are never enough.

From what I know, we can never know what bitcoin will be like in the future, maybe its price will skyrocket to $100000 or maybe it might drop to $1. However, many charts have shown that the Bitcoin price will never decrease anymore. So that means if right know, you are holding 10 Bitcoin, 20 years later in the future, perhaps you do not need to work anymore because you will have about $1000000 in FIAT. Anyway, it is just a theory. Try to obtain 100 bitcoin and I think it would be enough for your entirement

Considering where I live (currently in Asia), the current price of Bitcoin and speculations of the price at a later period as well as the time value of money these are my possible minimum amount of Bitcoins that I'd have to keep:

Considering cost of living, food, healthcare and leisure expenses I'd say anywhere about 150-200 BTC's at today's rate would be more than sufficient to live for 30+ years after my retirement. It'd also be useful to note that possibly if the future price of Bitcoin is much higher, I'd have surplus to spend on things that I feel could keep me comfortable.

If you have 20+ years to go for retirement, then the amount you quote (25 Bitcoins) should be more than sufficient.
Whatever may be the route that Bitcoin takes, my view that the long term trend is positive.
If Bitcoin even reaches 10% of its potential, we will all be very rich.

there is no answer to this question and you can never find any either. because you are talking about a far future and retirement, so you need to first come up with a number (in cash) that you feel is enough for retirement then you have to start speculating how much 1BTC is going to be worth in that far future that I mentioned and this particular part is not clear at all.

It depends on how much is the price of bitcoin when you retire. If it is just in hundreds, you need more than 1000 bitcoin to live comfortably. But if the price is in thousands, then a few hundred bitcoins will do. Don't count anyway. Just save as much bitcoin as you can. The more you have, the merrier.

Normal value of bitcoin after world cash transfer : 7500 USD.

When you are going to retirement make sure that you are going to have a business to get money on daily nor monthly and 100 bitcoin is not enough for that living on without any income will make us poor at the end. Make some business while you can so that when you retired you will make money while your on house.

It seems that you generally agree that hoarding bitcoin is good retirement plan. Are you sure? Don't get me wrong. I want BTC to succeed but investing in BTC is linked with tremendous risks.
You know that bitcoin come out of a blue. It is very disruptive and extreme volatile asset and yet you think it will be growing stronger in, somewhat, distant future of 20-30 years? It is pure gambling.

I will definitely choose 100 btc or more not only  aiming for 21 btc. Im living on a developing country which means even 1 btc on the current state as of now  its already 2 months average salary of an ordinary worker.Whos the man didnt like to get more bitcoins on retirement purposes.The more the bitcoins the more amount you will gain  on  upcoming 20 years how much more if the  value would raise up even only on $1k price.

When Bitcoin is established as the global new gold/currency in about 10 to 20 years, owning around 21 BTC will put you in an elite of a small group of less than 1 million people. On a global economy, 1 million people is a very reduced amount of number. There is simply no way that those holding 21+ BTC aren't rich by then.

Something to do with the wrong way will surely generate or have a very low level of luck. so it is also about how you think about your life for bitcoin, if indeed bitcoin has a very good effect for your life then I am sure you will certainly decide something that you think is very good. because all decisions you make will surely provide a much greater zeal from the advice given by people. Try outs and dig your mind with good, then you will find it all

If bitcoin will still be around in 20 years, 5k $ a piece (in todays money) is so conservative!
I mean, we went from 0 to almost 800$ in the first 8 years, when the supply was massive and you think we'll be doing only +200$ a year with low / no supply?
It's boom or doom in my opinion.

My personal target is 21 btc, 1 / 1 000 000 of the total supply. For now.

You put rather small amounts. It's not simple question, it depends how old are you, how much you spend and how long are you planning to live.. It also depends on Bitcoin price but on general I think that only 100 Bitcoins is not enough. Not for a comfort and careless life.

You can't live long enough with just 100 Bitcoins as a retirement fund. You probably need more. Unless you just spend for so little. Like if you just buy cheap food and live on a really cheap apartment. Then probably you can last more than 10 years retired. Also, unless you reinvest those coins so you can still earn a living out of it.

It depends on how much wealth you have, and how much of it you want to hold in the form of bitcoins. No more than 10% is probably a good amount.

To all!
My question is for those of us who wasn't aware of Bitcoin at the start and earning an average salary.
Lets say that the person needs to start investing in Bitcoin today, say per month - a few Sats at a time (as much as you would pay into average pension plan)
Lets assume the person has ZERO Bitcoin.

So...

If you mined 1000's Bitcoin 8 years ago then this is probably not for you but I would still appreciate your views.
Some of you may live in countries where 10 dollars is a large amount of money.
Some of you may live in Oil Rich Countries where your Bitcoins are made of 22k Gold and mounted on the wall.
Some of you may be investors, miners, speculators, scammers / fraudsters, lawyers, School Teachers, Firefighters or Toilet Cleaners (yes and unemployed too)

But for the average struggling person, who wants to retire comfortably and doesn't like the idea of a pension plan...

Why do you think the minimum amount of Bitcoin is to Hold? What is your target?

Personally, mine is 25BTC, assuming that BTC is still around in 20 years, I would hope that it would be worth say 100,000 in todays money. (I hope)
I have chosen 25 because it was the size of the reward before recent halving, and its my personal challenge.
This is speculation, so you may assume a BTC is worth 500 dollars in 20 years and that affects the amount you think you should put away.

Yes its a punt, and this may be full of holes! That's why I am asking you guys  

If the question is not clear, or has a few holes in it, then let me know and I will rephrase it.

*EDIT* Wow! Thanks everyone for taking part. I didnt expect the result to be 100+ . Some really good comments too.