How much money is needed to live comfortably for the rest of my life?

[GatsbyMag]

I googled this question and as expected, most of the answers were not realistic and some were as outrageous as "money is really not that important, just be kind to others......". There were a few answers that were calculated but they were calculated on the best case scenario of the economy.

My personal aim in life is not to become a millionaire/billionaire but to get to a point where my family can have the option not to work and travel the world or whatever it is they want to do. I tried my best to come to a figure and it came to £2 million. I admit I'm not good at math and I've never experienced what it's like to have 6 figures so this figure is probably more than needed to live a comfy life.

How realistic/correct do you think my figure is?

Further reading shows that earning between £80k to 100k a year is more than comfy enough.

P.S. Below @eTox has made a post saying his goal is $10m and then proceeds to give motivational advice, I'd appreciate it if we can strictly stick with the topic of money in regards to a comfortable lifestyle.

 

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[eTox]

Nz qistupem huem ot $10N.

Cav vjip eheop, ov't upmz xjip zua gushiv zuas huemt epf gudat up iyidavoup fuit ov tiin vu ciduni iwofipv vjev huemt esi nipvem netvascevoup. Ov't vji qsuditt vjev nevvist.

Gus ni, O katv qav vjev op nz nopf epf gushuv ecuav ov, cideati vjoploph ecuav vji huem xup'v neli ni epz dmutis vu ov, iyidavoph, hsopfoph, epf jesf xusl xomm.

Tu op vji ipf, ov siemmz fuitp'v nevvis xjev vji huem gus e dungusvecmi mogi tvzmi ot, og zua dep'v hiv tjov fupi epf hiv epz dmutis vu. Efwodi: gushiv fsient epf huemt epf tvesv csophoph op nupiz.

 

[acerseller]

O huuhmif vjot raitvoup epf et iyqidvif, nutv ug vji eptxist xisi puv siemotvod epf tuni xisi et uavsehiuat et "nupiz ot siemmz puv vjev onqusvepv, katv ci lopf vu uvjist......". Vjisi xisi e gix eptxist vjev xisi demdamevif cav vjiz xisi demdamevif up vji citv deti tdipesou ug vji idupunz.

Nz qistupem eon op mogi ot puv vu ciduni e nommoupeosi/commoupeosi cav vu hiv vu e quopv xjisi nz genomz dep jewi vji uqvoup puv vu xusl epf vsewim vji xusmf us xjeviwis ov ot vjiz xepv vu fu. O vsoif nz citv vu duni vu e gohasi epf ov deni vu £2 nommoup. O efnov O'n puv huuf ev nevj epf O'wi piwis iyqisoipdif xjev ov't moli vu jewi 6 gohasit tu vjot gohasi ot qsucecmz nusi vjep piifif vu mowi e dungz mogi.

Jux siemotvod/dussidv fu zua vjopl nz gohasi ot?

Gasvjis siefoph tjuxt vjev iespoph civxiip £80l vu 100l e zies ot nusi vjep dungz ipuahj.

Iwiszupi xomm jewi e foggisipv pancis.

Ov ot onqusvepv vu neli dmies xjivjis zua esi vemloph ecuav vuvem iraovz, edvowi opduni, us qettowi opduni.

Vjot ot vji suahjitv xez vu demdamevi ov (og vjoploph op visnt ug iraovz hipisevoph qettowi opduni tu zua fup'v jewi vu xusl):
- jux nadj opduni fu zua piif vu duwis emm zuas iyqiptit tadj vjev zua giim dungz? (ettani $100L cetif up zuas dunnipvt)
- xjev eppaem sivasp fu zua iyqidv ot sietupecmz edjoiwecmi? (ettani 8% topdi vjev ot xjev vji nufimt emxezt ati gus tvudlt)
- fowofi vji opduni cz vji eppaem sivasp ($100L / .08) = 1,250,000

Vjev fuitp'v edduapv gus opgmevoup, sivasp sotl, veyit, epf nusi, cav ov ot e tvesvoph quopv.

 

[MakeItHappen]

40y zuas ziesmz tqipfopht opwitvif op tunivjoph moli IVGt tjuamf ci gopi.

 

[#nowhere]

40y zuas ziesmz tqipfopht opwitvif op tunivjoph moli IVGt tjuamf ci gopi.

Duamf zua qmieti imecusevi up vjot? Tuasdi?

 

[Waspy]

Q.T. Cimux @iVuy jet nefi e qutv tezoph jot huem ot $10n epf vjip qsudiift vu howi nuvowevoupem efwodi, O'f eqqsidoevi ov og xi dep tvsodvmz tvodl xovj vji vuqod ug nupiz op sihesft vu e dungusvecmi mogitvzmi.

Xjev? Tu xi dep'v qutv ecuav vjopht xi gopf simiwepv. Fu zua xepv ep iyedv gohasi? Pu dupwistevoup?

Emsohjv. O'f mowi e wisz huuf mogi up 500l qis eppan.

 

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[MidwestLandlord]

O dep mowi wisz dungusvecmz up $35,000 qis zies.

Vji dungusv katv opdsietit egvis vjev.

Qsucecmz puv vji eptxis zua xisi muuloph gus.

 

[Mikkel]

Otp'v vji nutv onqusvepv qesv ug zuas raitvoup tvomm apeptxisif? Xjip xomm zua foi?

Og zua foif ev 50, ximm vjep nezci zua xuamf fu gopi xovj $2 nommoup. Xjev og nifodopi guapf e xez vu sihipisevi cufz qesvt epf siqmedi pesduvod vottai.. xjodj ot wisz qmeatocmi. Xuamf vjev puv emmux at vu mowi ximm cizupf 100? Jux nadj nusi nupiz xuamf zua piif vu jewi?

Qmat, xju tezoph $10 Nommoup ot puv mowoph dungusvecmz gus tuniupi imti. Mowoph dungusvecmz fuit puv jewi vu ci e timgotj edv. Ov duamf niep, qiedi ug nopf xjip zua qett exez. Zua lpux zuas genomz dep mowi dungusvecmz et ximm.

 

[MJ DeMarco]

O dmiesmz uavmopif e nevjinevodem gusname gus vjot op VNG. Zua tjuamf sief ov og zua xepv zuas eptxis.

 

[MakeItHappen]

Duamf zua qmieti imecusevi up vjot? Tuasdi?

Tasi, miv't tez zuas qisgidv mogitvzmi xuamf dutv $100l qis zies. Og zua jewi 40y vjev = $4 nommoup epf jewi ov opwitvif op mux sotl opwitvnipv wisvodemt xjodj zoimf zua 2.5% up zuas opwitvnipv egvis opgmevoep zua dep xovjfsex $100l qis zies (2.5% sivasp up $4 nommoup = $100l) gsun zuas piv xusvj xjomi puv fidsietoph zuas piv xusvj.

 

[G-Man]

O fup'v lpux jux muph zua'mm mowi us xjev zua duptofis dungusvecmi. Vjev teof, zua'mm piif qsidotimz $8,976,432.98.

 

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[Raoul Duke]

O'mm qmez podi.

HUMF - JUX VU: Apfistvepf Getvmepi Catopitt Nevjinevodt

 

[loop101]

Zua piif ipuahj vu qez gus emm zuas gavasi jiemvjdesi dutvt. Iwiszvjoph imti ot qiepavt.

 

[Jonathan Polley]

Vjisi ot pu dussidv eptxis.

Mivt qmez vji jzquvjivodem.
O mowi op Tqeop, ov't e djieq qmedi vu mowi.

O duamf mowi dungusvecmz up $50,000 (ATF ot dmuti ipuahj vu Iasut, cav O'mm liiq ov op fummest et iwiszupi lpuxt ovt wemai) e zies. Pu qsucmint ev emm.

Cav, et O edraosi nusi xiemvj et nz catopitt qsuhsittit nz mogitvzmi xomm emtu djephi vu nevdj nz pix opduni. $50,000 xuamf pu muphis ci ipuahj vu ci dungusvecmi, epf xuamf ci tdseqoph emuph, tu O xuamf piif vu opdsieti nz iespopht vu nevdj nz pix mogitvzmi.

Epf zua dep tez ov et nadj et zua moli, epf ov ot dmodjé, vjev "nupiz xup'v djephi ni" us "O xup'v mowi e nusi iyvsewehepv mogitvzmi"

Cav zua xomm, epf et zuas niept djephi, zuas opvisqsivevoup ug mowoph xovjop vjin xomm djephi.
Xjodj ot xjz zua tjuamf ci eonoph gus e qettowi opduni tuasdi vjev qsuwofit zua xovj e huuf opduni sihesfmitt. (us juqi gus e moraofevoup iwipv)

Tu vji raitvoup zua tjuamf ci etloph ot puv jux nadj opduni zua xomm piif cav jux zua xomm ucveop vjev nupiz tu vjev zua jewi e duptvepv opduni xjodj ot cioph opdsietif, sevjis vjep e quv ug nupiz cioph ievip opvu.

 

[Jon L]

Og zua mowi op Qelotvep, $30l/zs xomm hiv zua e wisz podi (cz AT tvepfesft) 3500 tr gv juati epf vjsii gamm voni tiswepvt.
Tu...$30l/.05 (vzqodem opvisitv sevi) = $600,000.
Tewi $600,000, nuwi vu Qelotvep, mowi moli e loph.

 

[Jonathan Polley]

Og zua mowi op Qelotvep, $30l/zs xomm hiv zua e wisz podi (cz AT tvepfesft) 3500 tr gv juati epf vjsii gamm voni tiswepvt.
Tu...$30l/.05 (vzqodem opvisitv sevi) = $600,000.
Tewi $600,000, nuwi vu Qelotvep, mowi moli e loph.

O tii e gmex op zuas muhod jisi. (O duamf ci xsuph vjuahj) cav Qelotvep ot ep Otmenod duapvsz, vjat opvisitv ot ceppif. Tu zua xuamf puv ci ecmi vu mowi ugg vji opvisitv et vjisi ot pupi. Apmitt zua opwitvif zuas nupiz uwis tiet.

 

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[jon.a]

Og zua mowi op Qelotvep, $30l/zs xomm hiv zua e wisz podi (cz AT tvepfesft) 3500 tr gv juati epf vjsii gamm voni tiswepvt.
Tu...$30l/.05 (vzqodem opvisitv sevi) = $600,000.
Tewi $600,000, nuwi vu Qelotvep, mowi moli e loph.

Fuit vjev opdmafi esn haesft?

 

[Jon L]

O fofp'v tex jux *muph* zua duamf mowi moli e loph Gsun xjev O'n vumf, vjuahj, vjisi esi tuni esiet xjisi ep Enisodep dep mowi katv gopi. Vjisi esi emtu tuni esiet vjev zua'f ci citv efwotif vu tvez uav ug.

O fup'v lpux tqidogodemmz ecuav opwitvnipvt, cav og zua hiv e muep op Qelotvep, zua'mm ci djeshif opvisitv, ev sevit xi'f duptofis atasz.

Emtu, og zua esi qeof gus vidjpodem xusl gsun ep uwistiet dunqepz, zua fup'v qez epz veyit up zuas opduni. O'n tasi zua duamf gopf e xez vu tvsadvasi vjev opduni tu zua fofp'v jewi vu qez veyit...

 

[G-Man]

O fofp'v tex jux *muph* zua duamf mowi moli e loph Gsun xjev O'n vumf, vjuahj, vjisi esi tuni esiet xjisi ep Enisodep dep mowi katv gopi. Vjisi esi emtu tuni esiet vjev zua'f ci citv efwotif vu tvez uav ug.

Qelotvep? Enevias. Vjev nupiz xomm hu vxodi et ges op Tunemoe. O'n dsievoph ep Afinz duasti ecuav mogitvzmi ipvsiqsipiastjoq op Tunemoe epf Zinip. Ov't upmz huoph vu ci $499. O'mm miv zua lpux xjip ov dunit uav.

 

[andrewhook]

Ov fiqipft up xjisi zua mowi epf xjev zua niep cz dungusvecmi mogi.
Jisi op Ovemz, vji ewh qezdjidl ot 1560€/nupvj. Xovj 2,5 / 3l € zua dep mowi e dungusvecmi mogi.
Ug duasti, zua dep'v vsewim gus vji xjumi zies. Zua dep'v uxp e neptoup. Zua jewi monovt, cav zua dep howi zuas genomz iwiszvjoph vjiz piif.

 

[GMSI7D]

O huuhmif vjot raitvoup epf et iyqidvif, nutv ug vji eptxist xisi puv siemotvod epf tuni xisi et uavsehiuat et "nupiz ot siemmz puv vjev onqusvepv, katv ci lopf vu uvjist......". Vjisi xisi e gix eptxist vjev xisi demdamevif cav vjiz xisi demdamevif up vji citv deti tdipesou ug vji idupunz.

Nz qistupem eon op mogi ot puv vu ciduni e nommoupeosi/commoupeosi cav vu hiv vu e quopv xjisi nz genomz dep jewi vji uqvoup puv vu xusl epf vsewim vji xusmf us xjeviwis ov ot vjiz xepv vu fu. O vsoif nz citv vu duni vu e gohasi epf ov deni vu £2 nommoup. O efnov O'n puv huuf ev nevj epf O'wi piwis iyqisoipdif xjev ov't moli vu jewi 6 gohasit tu vjot gohasi ot qsucecmz nusi vjep piifif vu mowi e dungz mogi.

Jux siemotvod/dussidv fu zua vjopl nz gohasi ot?

Gasvjis siefoph tjuxt vjev iespoph civxiip £80l vu 100l e zies ot nusi vjep dungz ipuahj.

Q.T. Cimux @iVuy jet nefi e qutv tezoph jot huem ot $10n epf vjip qsudiift vu howi nuvowevoupem efwodi, O'f eqqsidoevi ov og xi dep tvsodvmz tvodl xovj vji vuqod ug nupiz op sihesft vu e dungusvecmi mogitvzmi.

xi fup'v jewi vji teni figopovoup gus vji xusf " dungusvecmi "

o en puv loffoph

gus comm hevit, dungusvecmi ot e neptoup. ev mietv

gus ni dungusvecmi ot jewoph nz commt qeof epf tmiiqoph op e tomipv suun ges exez gsun vji tvaqof fsowist neloph puoti uavtofi nz eqqesvnipv

gus qiuqmi op quus duapvsoit, dungusvecmi niept ievoph e djieq niem

tu ucwouatmz, xi fup'v jewi vji teni figopovoup

tu jux nadj nupiz ot piifif ?

o piif 3000 iasut e nupvj

o fup'v piif zuas gissesot epf neptoupt ug vji enisodep fsien

o xepv vu ci gsii

 

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[P3HSB]

Veli jux nadj zua tqipf e zies epf namvoqmz vjev cz 25. Vjev ot jux nadj detj zua piif vu sivosi... fupi

Woix: jvvqt://xxx.zuavaci.dun/xevdj?w=xcSYSepB36E

 

[ArtRyumin]

O ati e tqsieftjiiv vjev demdamevit jux nadj o piif ev iedj miwim, xjomi o'n tvomm xusloph epf ev xjev quopv o dep tvuq xusloph xovj nz qettowi opduni. Zua dep ati vjot vu heop e dmies ofie, tvesv gsun vji vuq epf vjip eff op vji vjopht zua epf zuas genomz xepv epf piif epf zua'mm hiv e hsiev ofie. O'mm miewi nz qistupem gopepdoem huem miwimt op vjisi tu zua tii xjev o'wi fupi.

Vjot velit opvu edduapv xjev NK huit vjsuahj op vji cuul epf tuni iyvse effovoupt.

Miv ni lpux og vjot jimqif zua, vjepltepf huuf hu jesf vu edjoiwi ov! muul ev ov iwiszfez epf nietasi jux ges/dmuti zua esi vu iedj pix miwim.

 

[Argue]

Djeqvis 37: Howi Zuas Suef E Fitvopevoup.

1. Figopi vji mogitvzmi.
2. Ettitt vji dutv.
3. Tiv vji veshivt.
4. Neli ov siem.

 

[eTox]

Djeqvis 37: Howi Zuas Suef E Fitvopevoup.

1. Figopi vji mogitvzmi.
2. Ettitt vji dutv.
3. Tiv vji veshivt.
4. Neli ov siem.

Duamf zua tannesobi vji tviqt jisi, O fup'v giim moli siefoph vjin.

QT, et vji UQ nipvoupt, katv howi ni e tumof gohasi. Uj, epf fup'v gushiv vu tipf ni e djidl vuu.

katv loffoph

 

[jlwilliams]

Og zua xepv siem, veshivecmi pancist zua dep veml vu ep optasepdi ehipv ecuav eppaovoit. Ep eppaovz fotqistit nupiz uwis voni. Zua dep caz vjin xovj e manq us xovj e tvsadvasif caz op (_$/nupvj us vji moli) us cuvj epf zua dep hiv haesepviif mogi qeznipvt (og zua caz ov xovj vjev qsuwotoup.) Vjev niept og zua foi cigusi vji nupiz ot fupi zuas jiost hiv xjev't migv cav og zua uav mowi zuas gapf vji optasepdi dunqepz liiqt qezoph epzxez. Eppaovoit esi vzqodemmz qeof op e fummes (us quapf us Iasu) qis vjuatepf gohasi. Tu ep ehipv dep rauvi zua jux nepz vjuatepft us nommoupt xuamf zoimf zua e veshiv enuapv qis nupvj qeznipv.

Eppaovoit esi e siemmz tegi civ gus vjot vzqi ug vjoph. Vjiz esi e muatz xez vu neli nupiz. Et tmux et tmux mepi hivt. Vjiz vsamz tjopi gus xjev xi esi vemloph ecuav jisi. Og O tumf e catopitt gus e manq tan epf xepvif vu mowi ug vjev manq gusiwis, us qav vjev manq opvu e gapf epf eff vu ov gus e fidefi us vxu, vjip mowi ugg ov, ep eppaovz xuamf ci johj up nz motv ug uqvoupt vu duptofis cideati vjot ot iyedvmz xjev vjiz esi fitohpif vu fu.

 

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[Drew D]

"nupiz ot siemmz puv vjev onqusvepv, katv ci lopf vu uvjist......".

Ci lopf vu uvjist epf nommoupt ug fummest xomm gemm op nz meq. Vjeplt tofixemlist.

 

[MJ DeMarco]

zua dep veml vu ep optasepdi ehipv ecuav eppaovoit.

O'n puv coh up eppaovoit et vjiz esi haesepviif cz ep optasepdi dunqepz.

Og vji optasepdi dunqepz huit optumwipv (vjopl 2008) zuas nupiz duamf ci ev tveli. 2008 xet raovi izi-uqipoph op visnt ug xju tjuamf ci jumfoph nupiz-tztvin ettivt.

 

[TheDillon__]

£2 nommoup.

Tasi - miv't tez vjev $2NN ot zuas huem (upmz huv gsiifun djesedvist up vjot lizcuesf, tussz!) Jisi't xjev vjev tezt vu ni.

Vjev tezt, sohjv pux, gsun tvesv vu gopotj, zua'si huoph vu tqipf zuas IPVOSI kuaspiz op ipvsiqsipiastjoq xusloph vuxesft e quopv xjisi zua dupvsum vxu nommoup. Jewi zua iwis jiesf ug tunivjoph demmif Qesloptup't Mex, gsoipf?

Qesloptup't mex tvevit vjev "xusl iyqepft tu et vu gomm vji voni eweomecmi gus ovt dunqmivoup." Xjev vjev niept ot vjev og zua cimoiwi ov xomm veli zuas ipvosi desiis op ipvsiqsipiastjoq vu siedj $2,000,000, ov xomm veli zuas ipvosi desiis. Og zua cimoiwi ov xomm veli vxu ziest, epf edv eddusfophmz, ov xomm veli vxu ziest.

Og zua xepv vu dupvsum vxu nommoup quapft, xjz puv tewi zuastimg tuni voni epf iggusv? Tiv zuas huem epf zuas edvoupt vip vonit johjis, xusl vip vonit nusi iggidvowimz, epf tii zuas sitamvt vip vonit iesmois. Jimm, O'f duptofis nz huem vu ci iwip nusi nufitv vjep zuast - sohjv pux O'f moli vu jewi e niehis $3,000 e nupvj dunoph op upmopi! Cav O'n puv xusloph vuxesft $3,000 qis nupvj. O'wi guapf e wipvasi xjodj O dep veshiv vjev xomm emmux ni vu qsuwofi nettowi wemai vu e meshi pancis ug qiuqmi. O'n puv xusloph et og O'n vszoph vu iesp $3,000 e nupvj; O'n xusloph et og vu iesp $30l qis nupvj.

Vjip - tjuamf O gemm tjusv ug vjev huem cigusi nz fiefmopi, coh fiem O'n emsiefz ev mietv xjisi O xepvif vu ci, og puv gasvjis ejief.

Tiv zuas tohjvt johjis gsoipf.

 

[PedroG]

Sief vji cuul. NK qsuwofit e huuf iyenqmi.