What's the number? If you won the lottery tomorrow, what's the number you would just quit/retire and play golf all the time?
8-10 million to get everything arranged smoothly and be able to just golf.
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That's a much bigger number. Gonna need $6-$7 million just to buy a house, another $200K-$300K a year to pay HOA, club dues, and maintenance of said house. Then you gotta live.
I think the number depends on age and where one is in life. For me, I'm 6mo from retirement and we're setup to live comfortably in a golf cart community so my lottery win number is much smaller than someone in their 30's who's raising kids. I tell my wife now that if we won, we'd buy our retirement forever home, setup trusts for our kids who are in their 30's but give away most of it to causes and charities.
5 million because it would be 3.6 or so after taxes and then the Bestest half could retire too
I have already retired but I’d say 2 million to buy me a house and set me up at a nice club somewhere where I could play year round.
that's because she's thinking of $5M for you & $5M for her. She's gonna have toys, trips, etc. just like you, but different. LOL
My wife is the same way
No one hit the lottery last night. It will be over $1B by the next draw Saturday
I've been retired since 2010 and it didn't take millions or even a huge savings to do it ( we both have a nice pension along with soc sec, plus a solid 401K) But I know if I did win and biggie lottery, my family and close friends would be taken care of, money would be invested into advanced carbon ion and Proton treatment for cancer ( Mayo Jacksonville) and an investment for Homeless Vets through housing, medical care and jobs..
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$10,000,000 is my number too. Thats $200,000 for the next 45 years, that should be plenty
Well that’s the number, whatever it is. Lol
I genuinely like my job, and even golf if i did it all day every day i'd worry i'd get tired of it.
It would have to be 25M+ at least. At least then i could take some money and be a part-owner of something that could keep me interested.
It would have to be 25M+ at least. At least then i could take some money and be a part-owner of something that could keep me interested.
Right now $2M clear tacked on to my current retirement savings and I am out the door. Frankly with $1M I could probably do it.
If I didn’t have much saved it would probably be $7m although 10 would be better. That is plenty to support my spending needs and leave a nice nest egg for my kids when I am gone.
I will be 60 next year so this is something I think about a lot these days.
If I didn’t have much saved it would probably be $7m although 10 would be better. That is plenty to support my spending needs and leave a nice nest egg for my kids when I am gone.
I will be 60 next year so this is something I think about a lot these days.
If you are including taxes, I'd need at least 15M - Would be moving to a place with better golf (sorry Atlanta) - most likely Southern California and that place ain't cheap.
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3 million after taxes and bills paid. That would be my number.
1.4 million would do it for me.
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$10m (after taxes) give or take
$15m would feel a bit safer
Even in retirement I want to do something useful for someone but it will be the kind of job where I won’t get paid much and I won’t care about that.
$15m would feel a bit safer
Even in retirement I want to do something useful for someone but it will be the kind of job where I won’t get paid much and I won’t care about that.
I'm pushing 50, so I am on the back 9 of this work stuff that's for the birds. Wife and I only have our mortgage for debt (and not many years left on it) with no tuition for the boys. We've both been saving and will retire when the numbers work (hopefully sooner than later).
With that said, it wouldn't take much lotto winnings for me to quit and retire early. We'd travel, play golf and enjoy life.
And if I ever got bored of that lifestyle, I'd offer myself up as a consultant to my current company if they need help and charge 3 times an hour of what they're currently paying me. Take it or leave it, no sweat off my back.
With that said, it wouldn't take much lotto winnings for me to quit and retire early. We'd travel, play golf and enjoy life.
And if I ever got bored of that lifestyle, I'd offer myself up as a consultant to my current company if they need help and charge 3 times an hour of what they're currently paying me. Take it or leave it, no sweat off my back.
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I've done the math..... Hitting the lottery for 5 would will more than do it.
Kids are grown, out of the house, married....etc.... We don't live an extremely high-end lifestyle. Based on some financial calculators, and pretty conservative assumptions, we should not outlive the $$$
Kids are grown, out of the house, married....etc.... We don't live an extremely high-end lifestyle. Based on some financial calculators, and pretty conservative assumptions, we should not outlive the $$$
Not telling anyone but there would be signs.
I'm a bit on the younger side compared to some of you and have 3 kids to take care of so I'd say ~$20m. We'd move somewhere warmer, take some vacations, set some aside for the kids, help parents/siblings, etc. I might keep a part time job doing something I really like because I do think I would get bored.
$5 million. This teacher can dream, right? I think I would be moving to a golf community with near year round golf weather.