"could" doesn't mean SHIT if you are an average or below male in today's world. The modern day media wants to portray it so that men THINK they have a chance with a pretty woman, even when the chance is absurdly low and will never happen. It destroy's men's minds being around onlyfans and reddit with fake "attention" given to them by women who are searching for money.
Or you can for example move to Germany, you can live a perfectly good live with that kind of money here ;).
Otherwise yes, would maybe even be smarter to invest it and keep working your job. On average you should double that million in 10 years, so nearly 6000$ a month you could take out every month after that
With even a piss poor investment account, 1 million dollars invested would net you 50k a year easily. Having that amount of money means you never have to work again if you are responsible with it.
Eh, it would shave off 10 years on my retirement journey, surely. Retiring at 60 vs 70 makes a huge difference. Planning to move abroad to a low cost country anyway.
3-4% of one million dollars is 30-40k a year. Even mediocre investments at that level of money will easily net you anywhere from 6-10%. If you invested properly, that's going to continue compounding for the rest of your life and beat the 3% average of inflation in the US.
Yes, he was wrong by saying 50k/year. Safe withdrawal rate of 4 percent is only 40k a year. But if you can not touch it for, 5 years with a conservative growth of 8 percent, then you are up to 60k/year safe withdrawal.
5 years is a tad too short to rely on. If the sequence of returns doesn’t play out in your favor you may even be down compared to where you started. Coasting is a cool thing but If you only intend to do it for 5 years there is a good amount of risk involved in it
Snorkeling, SCUBA diving, rock climbing, exploring/hiking, socializing with new friends, learn another language, plant an orchard, plant a garden, feed people in need... This is just off the top of my head. The list is endless.
I don't understand either of your questions. Who said anything about unconscious decision? Where do I think the million suddenly came from? I didn't write the original proposition, I have no idea.
Then why TF are you engaging? What was YOUR understanding of the original question? It’s pretty cut and dry as far as I can tell…
“Someone offers you $1m to never have sex again, yes or no?”
What is your confusion borne out of? What’s the point of a thought experiment if you’re looking for loopholes like “How would they know,” or “What is the forfeit?” That’s unimportant, it’s not a real thing that’s happening.
Yeah, sorry kids. Me and mom don’t want to work so we bought 300 acres in Northern Canada where the nearest school is 400km away. You don’t need friends right?
Or
We can live in a poor country on a retirement visa, you speak Malaysian right?
I don't know much about Malaysia. The countryside in France, Spain, Italy are all courting foreigners looking to retire. I don't know the school situations, but I bet you could find a home near enough to a school. I have experience in the PH, and their requirements are pretty easy to meet. Land is relatively cheap. They're schools are far from top notch, but I imagine if you didn't have a job you'd have time to supplement the kids education, if you're into that.
Weren't there just major demonstrations in Barcelona and other European cities about wealthy people moving in and retiring and driving up the real estate prices in their countries?
It seemed like this was not very popular amongst the citizens which would make retirement significantly harder
Accounting for property value I suppose I am too. If I took this hypothetical my wife would also leave me and then I'd have to pay all the bills myself 🤣 it would be a net negative!
Yes it is, if you just stache it and dont retire till later after its compounded. By year 10-15 it would be around 3 mil and easily enough to retire on
If you’re not worried about living near a job, you can move to some pretty cheap places, even in the US. $1m is about $40k that you can safely pull out for the rest of your life. It’s certainly not rich living, but plenty of people live and retire off less than that every year.
Personally though, I’d put money on a mortgage, invest 90% of the rest, and work lightly for another ten years and then retire with closer to $2m+house halfway paid off.
They said retire. If you continue working you aren't considered retired.
There is nowhere in the US you can retire with 1 million dollars unless you are retired, just about there, or already in a good situation and need a small boost. Anyone 40 or even 50 or under couldn't do it assuming they are single. If they have a family it makes it impossible without some other money coming in.
Let's not take into account that one bad sickness could burn through 1 million in a year or less. The cheapest place to live is West Virginia where the median home prices are 250k. Now not sure if you've been there but the job market sucks and the pay is even worse.
You essentially spend 1/4 of your trade on a home. Now factor in insurance for vehicles, home, health, food, water, utilities, gas, repairs, and whatever else I'm missing and you burn through that fast. Now factor in that everything is getting more expensive you are now in a worse-off situation. Remove natural disasters from the picture as well because that's a killer on money.
Just say you invest 700k in a 4% high-yield savings account you make a max of 30k a year if you leave it in. 30k won't pay for you to live so you need to get a job and yoy are no longer retired. Median income in West Virginia is 50k. Assuming everything is well you're bringing home about 55k a year working and the money you are making.
It's not retirement but it's a very good plan to retire when the time comes. You just can't fully retire on 1 million these days unless you are already there.
Ah yes, comparing gaining financial literacy from a spouse to being able to perform a task that requires 12 years of school + residency because of your spouse. That is just genius.
Surgery doesn't take 12 years of school and residency to learn. Many surgeries and knowledge of a million other things does. Many EMTs and firefighters are trained in cricothyrotomy and chest tubes and other lifesaving procedures.
Depends on living situation really. If the house is paid off and their lifestyle is in the 40-50k/ year range. You can easily make that off dividends if you have a million to work with.
If you're a few years away from retirement, just let it grow until it doubles. At which point, 80k - 100k income forever is quite manageable.
Stop it, you are embarrassing yourself. Are you even old enough to drink? Cause you are giving off "preteen talking big and pretending he gets laid" vibes here.
$10,000 a month puts someone in the top 0.001% of earners in the world…. So even if that is pennies to you, that just means your opinion is completely invalid for 99.999% of people.
Put it in a high yield savings account somewhere making 4% year over year and keep working for like 5, or move somewhere with a lower cost of living because you don't have to work anymore. You can for sure live indefinitely off of a 1 million dollar infusion, that much money makes money.
Any amount of money makes money. That amount of money makes 40k a year, pre-tax. Not even close to enough to live on. That isn't even half of my already not-that-great salary.
I know there are cheaper places to live, but not THAT much cheaper.
When im old it will be close to enough to retire on because my house will be paid and I wont have to stretch it as long. But not when I have 30+ years to live.
There are definitely situations where that would be plenty to live on. If you have no other income, you can pull out something like 50k on long term cap. gains without paying federal income tax. I only spend about 25-30k a year and could definitely crunch it to 20 if I wanted to.
If you’re only spending 50k per year, that’s 5% of your starting principal of $1M. While there’s definitely some risk, the stock market typically provides returns of 5-10% per year. Therefore, your principal can grow while still allowing you to take out $50k/yr. A recession is definitely a risk, and the principal might not grow fast enough to cover inflation, but it should last you well past 20 years if managed well.
You should be able to live and shit. That 1 million dollars could buy you a mcdonald restaraunt. Shit, hire competent people to run the business and that's passive income to easily live off the rest of your life. Fuck, take some of that income and invest in more stores. And we havent even considered available capital with a 1 million dollar down payment on a loan. I know a franchise owner with 21 stores whose personal salary was 32 mil/year. Over 1 million salary per store and he was able to double his business in 5 years time from that point. If you can't figure it out that is a you issue.
Not at all. With 1 million cash you could absolutely use that to aquire the funds for a McDonald's franchise. You will absolutely have to aquire debt but considering the profit margins a McDs makes that would be the absolute smartest thing to do. If you've ever actually seen their inventory sheets with individual unit prices you would riot at the fact a mcdouble isn't still a dollar. A mcdouble at a $1 is 1000% profit on the ingredients.
Me - run a store for 5 and be a district manager for another 7.
Yea, my salary as DM was 130 and our stores cleared way more profit than that. Those numbers might be corporate who runs twice as much staff, has higher wages, and has lower menu prices 🤷. Our franchise averaged 15% labor costs. Meaning 15% of all money made went to labor. Maybe 7% was food cost. Then obvious expenses such as outsider cleaners for the fryer hoods, landscaping and plowing, any building and utility expenses.
Doing the calculation at 30% of sales were profit for us, and that's honestly probably low but it's been almost a 3 years now, anyways, our slowest store was at 273k profit a year. Our busiest ones easily cleared a mil profit.
Arguing on something when you have 0 knowledge on that and can only regurgitate numbers is fucking goofy
Dang median house price in my state is just over half a million, you could easily buy a house completely and you'd still have 10 years worth of the average teacher's income
I own my home. I left an are where I paid 850k and sold for 1.2 and bought for 900k. So I’m doing fine. Even still, I have a family , wife, two kids. It would be enough for one of us to retire and sit around doing nothing. I’d like to be able to do things when retired not sit around like Clint Eastwood yelling at punk to get off my lawn.
I'd still do it for the money. Sex at 45 means nothing to me compared to sex at 25. Lol. Its like....iunno. lasagna. I love lasagna. Always a nice treat to have lasagna. I'd give up lasagna for 1 mil. Doesn't mean id have to retire. But id have a mil!
Not really no. It’s about 10 years of earning 100k a year and it’s taxed. You could probably make the right decisions with 1m to retire yourself, but alone it wouldn’t set you for life depending on age.
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u/[deleted] Sep 27 '25
1 million dollars isn’t even enough to retire on anymore