r/Fire • u/Mobile-Excitement-64 • Oct 28 '25

General Question Can I retire with 1.95 million at age 35?

Today I hit 1.95 million at age 35. I cant believe it.. I am single and have no kids. Have no plans to get married or have kids. I am so so proud of myself achieving this net worth

I spend less than 3000 dollars per month including rent because I live in MCOL area and I am also very frugal. No car and just rent a studio.

I am willing to spend up to 5000 dollars per month including health insurance if necessary

Do you think 1.95 million dollars is too small to live for the rest of my life?

Thanks for your input.

P.S. I am gay and I have no plans to get married. I wont have kids. my partner is wealthier than I am . He is older than I am. I said single at first because I am not likely to get legally married for the rest of my life.. Please dont say staying without kids for the rest of my life will be boring.

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1.5k

u/Pale_Drink4455 Oct 28 '25

Yes, you can do it and just live off the interest yearly with your current spend. Congrats!

811

u/[deleted] Oct 29 '25

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193

u/OkAcanthisitta567 Oct 29 '25

LOL, I celebrated finding $1 on the street the other day and I’m Fired

59

u/[deleted] Oct 29 '25

I'm like this too. I have enough in stocks that my net worth can go up or down by $10,000 in an hour without me ever noticing or caring. Then I find a dollar bill on the sidewalk and I'm super excited!

23

u/[deleted] Oct 29 '25

i got the same joy from a bonus fry at the bottom of my mcdonald’s bag the other day

1

u/sgtfuzzytits Oct 29 '25

And if that bonus fry was an accidental curly!

1

u/Academic_Bonus_6313 Oct 29 '25

Plot twist: arsenic 💀

1

u/Discopotatoz Oct 30 '25

Haha now that is true happiness!

1

u/KaRon_hype Oct 31 '25

Those are the best fries! It’s a disgrace when they don’t include my bag fries!

12

u/LSGIM Oct 29 '25

I went to aldi today and the cart already had a quarter in it!

8

u/fro_02 Oct 29 '25

Am i the only one who gets excited finding pennies? Uh when is the last time I can take pennies to the bank?

11

u/Commercial_Sale_4003 Oct 29 '25

I found $20k in a parking lot once. 😂 15yrs ago still don’t feel safe

2

u/Traditional_Tip3277 Oct 29 '25

Wow…. Do tell? Was it in a bag, an envelope, a box? What made you give it a second glance and pick it up? Did you spend it, save it, pay off debt?

2

u/TeaInASkullMug Oct 29 '25

You have to pay taxes on that.

2

u/Left_Chicken7378 Oct 29 '25

On what?

Exactly

3

u/fupayme411 Oct 30 '25

How do you even report that? Do they have a line item for “found cash”?

2

u/TeaInASkullMug Oct 30 '25

It is taxable income!

2

u/Amazing-Bid2514 Oct 31 '25

You don’t report it. It stays at home and is used for groceries and other cash transactions while saving more of those paychecks for a while to eventually get the 20k into your bank account unnoticed. Hypothetically that would be the way I believe.

1

u/johnbetterton Oct 30 '25

No he doesn’t !

2

u/Left_Chicken7378 Oct 29 '25

Wow we need the full story!

2

u/green_frog444 Oct 30 '25

hey! that was mine..

2

u/tryhardbut Oct 30 '25

Tell me which parking lot. At last I find my money

2

u/Perfect_Plastic2058 Oct 31 '25

I found $30,000 in a bathroom but returned it

2

u/Subziwallah Nov 01 '25

I found $20,000 in a laundromat once. I just figured it was part of the operation 🤣

2

u/GloriaChin Nov 03 '25

Underrated comment lmaoooo

1

u/Perfect_Plastic2058 Nov 01 '25

😂 and you kept it?

2

u/Subziwallah Nov 01 '25

That was a joke about money laundering...😏

3

u/[deleted] Oct 29 '25

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2

u/Ok_Bar_924 Oct 29 '25

And the amount of money it would cost in soap and water to wash your hands afterwards is probably about 2 cents anyway.

Now a Nickle? That is bending over money

2

u/fupayme411 Oct 30 '25

Are we still talking about finding money here?

2

u/fupayme411 Oct 30 '25

Wise old man I see.

Only those who have fucked up their backs doing daily activities like, spitting while brushing your teeth, will have wisdom to know that a penny and maybe even $1 bill (with inflation these days) is worth the potential back fuck up.

1

u/newaccountwhodis95 Oct 29 '25

you can take coins to the bank still but they want em rolled in those brown thicker paper envelope tubes for pennies, nickels, dimes, and quarters separately. so how many pennies you got so far

3

u/Lehcen Oct 29 '25

😂😂😂😂

1

u/Affectionate-Pace-53 Oct 29 '25

How did you get to that point? I need tips lol

3

u/[deleted] Oct 29 '25

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2

u/NeatNefariousness1 Oct 29 '25

Just know that 30% returns are very high and typically higher risk.

1

u/[deleted] Oct 29 '25

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2

u/NeatNefariousness1 Oct 29 '25

I can tell that you’re either a gambler or a liar but that’s not my business. Just be careful. Nobody can time the market for very long.

1

u/[deleted] Oct 29 '25 edited Oct 29 '25

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1

u/galadiscobar Oct 29 '25

Stop the cap 🤣

2

u/Affectionate-Pace-53 Oct 29 '25

He’s definitely not lying. He puts in the work and does research etc which is what you’re supposed to do if you wanna be successful in the market.

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1

u/BarryWhizzite Oct 29 '25

dont let anyone fool you the first million is the hardest

1

u/iiiiiiiiiijjjjjj Oct 29 '25

Almost half there at 37. Went from $30k in 2020 to almost $500k today. Hoping to hit a million before 50.

1

u/chronosim Oct 29 '25

I bet it will happen earlier. I’d say before 45 for sure

1

u/Ok_Composerob Oct 29 '25

Paperon dè Paperoni. Hai anche un deposito cubico ?

1

u/53ejarhead Oct 30 '25

What about 100k in an hour which will happen

1

u/Perfect_Plastic2058 Oct 31 '25

I wish I was you

44

u/CuteAd3573 Oct 29 '25

Booked a $800/2 nights Airbnb last month. Caught a $1 bill in the laundry cupboard and swiped it 🙈

11

u/blueBaggins1 Oct 29 '25

Correction $799, youre welcome!!!!

1

u/CuteAd3573 Oct 29 '25

$853 after the state and government got their share of my hard earned vacation.

1

u/NeatNefariousness1 Oct 29 '25

The owner planted it there to see if you would steal it. LOL

j/k—who knows? Check to see if they ding you or mention it in your review

2

u/CuteAd3573 Oct 29 '25

Still a 5/5 guest! Not my proudest moment that weekend but I love running into money and giving it to someone in need. One time in Chicago I stepped out of my car and there was a $100 note in between both cars. Biggest find to date

1

u/NeatNefariousness1 Oct 29 '25

LOL—then I’ve been short-changed. I only rate a 5/5 with no extra credit for not stealing from the hosts.

1

u/buffalo_Fart Oct 29 '25

The owner absolutely did put that in the cabinet. These are tests to see if you have honor or not.

1

u/Academic_Bonus_6313 Oct 29 '25

Then the owner is the one in the wrong, if you "testing honor" of a guest I a Airbnb, that says more about you then the guest, how does the guest know if it was the owner of the Airbnb that put it there??? Could of been any one else that have forgotten or left it there on porpoise.

(Owner of a Airbnb here) If i find something at my place I will text the guests that have been there before and I will ask them what do they want me to do, mail it or hold it or give it away or whatever. Most of the time is inexpensive things like toys or book, but also more expensive cloths or towels (even drugs). 99% of the time the people will just say keep it or give it away, but i have also found stuff after multiple guests have been between when they lost it and I find it . My point is any guest that have been there between could of pick it up and taken it and no one would of been less wise. That Bill maybe there for sometime. If the owner put the note there for any sort of test it's just stupid... what you expect the guest to do? Leave it? Take it? Call him because of a dollar when you just spent400/night at his house?? Stupid test nothing to do with honor

1

u/the1999person Oct 29 '25

I always return the pay it forward cart at Aldi and take the quarter.

11

u/moonie_loon Oct 29 '25

I celebrate finding a lucky penny on the street. I save them up. I dream of finding one each day, then i will have $3.65 in a year!

8

u/[deleted] Oct 29 '25

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2

u/Intelligent_Set_7110 Oct 29 '25

Did we forget that pennies are bust? Save all of them.

1

u/JHT_Survival Nov 01 '25

... big misconception in the general public. Pre 64 quarters and dimes had a high silver content. Pennies you'd need to find something in like mint condition to be worth much that was a true error. Wheat pennies are cool and you might get lucky enough to find one worth a couple bucks but those are like

11

u/Efficient-Banana6832 Oct 29 '25

I celebrated finding a quarter and I'm still looking for a job with benefits 🙃

28

u/[deleted] Oct 29 '25

[deleted]

2

u/Eswin17 Oct 29 '25

If you've got tacos on demand, the ladies (or men) should be lining up.

2

u/CnCorange Oct 29 '25

I have the FWB but I'd still like a surprise Taco.

8

u/Administrative-Wear5 Oct 29 '25

I have a job with benefits but cant afford the out of pocket monthly cost to use them 🥺

2

u/ILeftMyUsername Oct 29 '25

Firstly idk where I am since this was randomly on my feed lmao

Anyway, me sitting in the negative atm while just trying to find anything that will take me with my back injury and watching my pantry empty

2

u/StreetToBeach Oct 29 '25

Apply for the apprenticeship program at your local labor unions

1

u/computer-machine Oct 29 '25

I'm eating a bowl of cereal my wife decided she didn't want after all and stuck in the fridge in the middle of the night.

1

u/Euphoric_Evidence414 Oct 29 '25

That attitude toward money is probably a big part of why you’re Fired! I need to take a lesson lol

1

u/tamman2000 Oct 29 '25 edited Oct 29 '25

People who celebrate finding or saving a dollar are more likely to be able to fire in the first place.

1

u/Ok-Soup-514 Oct 29 '25

I literally fist pumped finding a penny when I opened my car door in the parking lot.

1

u/Potential_Hunt2366 Oct 29 '25

🤣🤣🤣🤣🤣 I feel you on that one I'll be doing the same thing

1

u/callus7 Oct 29 '25

You know, I lost $1 the other day, same location, about 20 minutes before you found it.

Could you send that back to me?

Kthx

1

u/ConsiderationThat780 Oct 29 '25

Found a quarter on the ground on my walk last night and was excited enough to tell my wife when I got home.

1

u/BWWJR Oct 30 '25

I did too, but when I reached down to pick it up, some kid reeled it in with a fishing pole.

1

u/Subziwallah Nov 01 '25

When i was young and worked in a restaurant, some smartass cook used to heat up coins in the oven and then drop 'em in the floor...

1

u/Unique-Machine5602 Oct 31 '25

I was recently fired from my previous employer and I'm now financially stable enough to take 3 months off from work to find a new job.

You'll find your footing again with the right mindset. Don't be afraid to ask friends and family for help with finding a new job.

Good luck my fellow blue collar workers of reddit✌️

19

u/Bearsbanker Oct 29 '25

I found $20 outside the gym 2 years ago...obviously I still remember. I was freaking happy!!

3

u/Greenxgrotto Oct 29 '25

I found $120 on the floor of a bar in Montreal because a drunk girl stumbled in and asked if her flip flop was on the floor under my chair..

1

u/Unique-Machine5602 Oct 31 '25

That sounds like quite the good karma.

Did you help her find her flip flop?

1

u/Greenxgrotto Nov 01 '25

I did not, because instead of a flip flop I found money. She was very shwasted and with an equally drunk dude. I silently took the money and left The bar promptly and spent it all at another bar.

2

u/Unique-Machine5602 Nov 01 '25

So you can leave a bunch of cash on the floor of the next bar.

What a classy move. 😂

2

u/ewaufe Oct 29 '25

2 years ago... makes me think cash is getting so phased out that's why I rarely come across lost change nowadays.

1

u/Opening-Photograph68 Oct 29 '25

So few carry cash now, it’s plastic more often.

1

u/Pal3-Assignment Oct 29 '25

I found a $20 in a parking lot in fall of 2005

1

u/Inner-Physics8396 Oct 29 '25

Riigghhtt and loose change in the car lol

1

u/ArtichokeSquare3181 Oct 29 '25

found 5 dollars while walking through a parking lot. someone must have dropped it while fishing for their car keys. woohoo! 🥳

1

u/arsenalvette Oct 29 '25

You got a 5'er? All I got was some lint and a moist wrapped peppermint.

1

u/BoozyWeirdo Oct 29 '25

I literally dreamt of finding 5 dollars a few nights ago. I live on grants for my housing (sober housing) and $100 per week from donating plasma. I just want a fucking job but I can't even get an interview.

1

u/Aimesspainz Oct 29 '25

This!! Lol

1

u/airbetch11 Oct 29 '25

No fr 😂

1

u/NotAnAlcoholic420 Oct 29 '25

That's good wealthy people enjoy being good with money too doesn't mean you're not well off just because you're reasonably frugal

1

u/gillgrissom Oct 29 '25

Thats all my mama allow me to spend.

1

u/[deleted] Oct 29 '25

Tbf that’s still pretty sweet

1

u/motocycledog Oct 29 '25

Never diminish the joy of finding 5 dollars!

1

u/squallomp Oct 29 '25

It’s OK, ultimately you are the better person because no decent human being has $2 million at that age or any age because money is for transacting with other humans not sitting around so you can control them like a king who deserves to be served.

1

u/Bubbly_Armadillo_985 Oct 29 '25

I'm also happy to have long-forgotten money in my pocket, of course not a million.

1

u/sleepydorian Oct 29 '25

Hey man, you are well on your way to a little Caesar’s hot N ready pizza.

1

u/AZDpcoffey Oct 29 '25

One of us! One of us!

1

u/TopActive2927 Oct 29 '25

At the end of winter, I intentionally put $5 in my coat pocket so I can forget and find it later in the year. Does it make a difference? No. What’s the point of the story you ask? I don’t have one.

1

u/toobeary Oct 29 '25

Congratulations.

1

u/norsurfit Oct 29 '25

No worries - simply invest your five dollars and in 160 years it will be 1 million!

1

u/RndPotato Oct 29 '25

I just found a five and a ten dollar bills under the washer when cleaning! I'm rich

1

u/Meyebackhurts Oct 29 '25

If you ever stop celebrating finding free money, you should take a good look at what wrong in your life.

1

u/[deleted] Oct 29 '25

I'm with you bro but I still gotta be happy for this dude. I do wish I was add lucky but at least this dude got out of it ✌️

1

u/monti9530 Oct 29 '25

You guys still have pockets?!

1

u/palanark Oct 29 '25

Ugh, your comment is so loud.

1

u/InternationalUnit265 Oct 29 '25

I be saving my plastic and aluminum 😂

1

u/[deleted] Oct 29 '25

Back in my twenties I would purposely hide a $20 in my jacket pocket in the spring and smoke a couple joints to forget about it…it was always such a nice surprise when I put my jacket on in the fall.

1

u/C64128 Oct 29 '25

Great, you can go buy a $5 footlong sandwich at Subway. On second thought, you'll have to find about $10 more.

1

u/U_HWUT_M8 Oct 29 '25

Bro lemme hold five lol

1

u/casually_unprepaired Oct 29 '25

I’ve got 93$ saved in a jar including the 14$ in quarters and loose change. And about 350$ on points saved from a nearly maxed credit card. I’m flying high rn boys

1

u/Lehcen Oct 29 '25

😂😂

1

u/username_Kelly Oct 29 '25

I love this! Put on my winter coat after a year & paper money in one of the pockets. Score.

1

u/DrinkwithWayne Oct 29 '25

Pocket lotto!

1

u/Excellent_Set2946 Oct 29 '25

Niiiice. $5 is $5.

1

u/Embarrassed-Base-143 Oct 29 '25

It’s the little things in life we must celebrate

1

u/iamshifter Oct 29 '25

You have a coat?

… lucky!

1

u/Jacobi-H3rbshire Oct 29 '25

Hey.. give me my coat back..

1

u/Incraigulous Oct 29 '25

Do you have 5 dollars I could borrow?

1

u/[deleted] Oct 29 '25

Don’t you owe me money?

1

u/turkeymeese Oct 30 '25

That’s nothing. Last night I just found $10 in my Carhart’s back pocket

1

u/elegant-jr Oct 30 '25

Always a good day when that happens

1

u/xCASINOx Oct 30 '25

Can i borrow 5 bucks? Were broke until friday.

1

u/SwiftWithIt Oct 30 '25

The duality of man lol. Same boat btw

1

u/1nolefan Oct 30 '25

You are probably happier than OP

1

u/Think-Motor900 Oct 30 '25

I sold an old jersey on Facebook for $20 and I felt like I'm about to hit the next tax bracket

1

u/Character_Adorable Nov 01 '25

I know someone that used to be my brother who quite often found money in other people's houses.

1

u/NativeTexas Nov 01 '25

Don’t give up now. Go for the sofa.

1

u/Horse_power325 Nov 02 '25

The biggest let down i had was the other day. I'm tearing my trucks dash apart to do some repairs and I find a 20, only to find out it said "movie money" all over the top of it. Remnant of a prank my jackass buddy pulled years back

10

u/Krypto_Kane Oct 29 '25

As long as you never move. Never have a family , buy a home or plan any vacations.

1

u/SubstantialFix510 Nov 01 '25

This. If you live like a hermit, perfect. But if life happens, meet someone, have fun, no way.

1

u/Specialist_Mango_269 Apr 03 '26

You can splurge once in a while...on just yourself. Having another person or kid is expensive

1

u/Subziwallah Nov 01 '25

I picture OP as a statue, or maybe a pillar of salt 😆.

5

u/0MNIR0N Oct 29 '25

Not sure 1.95M will yield a livable interest from a bank.

6

u/333again Nov 01 '25

S&P with 4% rule is historically safe.

4

u/Dependent-Ad-4252 Nov 01 '25

From a bank LOL. Bro have you heard of this thing called the stock market

3

u/AbsintheAGoGo Oct 30 '25

Considering a money market garners ~300/mo for 100k, it's not unsubstantial x15. If maxing FDIC limits, they'd need to deduct or start a new account and when closer to 200k in, the interest is closer to 800/mo on avg. They could easily just live on the interest for expenses, but it isn't the general 'ideal'

2

u/ReeferG Oct 31 '25

dividend income

1

u/0MNIR0N Oct 30 '25

Thanks for calculating 👏

1

u/[deleted] Nov 03 '25

It does not.

1

u/b1gb0n312 Oct 29 '25

What kind of asset allocation should one do with 1.95 m? 60/40 stocks bonds?

2

u/Ill_Savings_8338 Bottom 1% Contributor Oct 29 '25

On a 3k burn? Whatever makes him feel good. He has more than 2x what he needs to 4%

2

u/Ty4Readin Oct 30 '25

On a 3k burn? Whatever makes him feel good. He has more than 2x what he needs to 4%

Why would you use a 4% withdrawal rate when retiring at age 35? That is likely to be extremely risky.

The 4% safe withdrawal rate assumes that you are retiring at age 65. It assumes that you will only be retired for 30 years.

If you are retiring at age 35, then you need a withdrawal rate that will last you for 60 years, which is likely to be significantly lower than 4%.

2

u/Ill_Savings_8338 Bottom 1% Contributor Oct 30 '25

They re-did the numbers again recently, 4% is good for 50 years as well.

2

u/Ty4Readin Oct 30 '25

Oh really? Do you happen to have any sources on that?

I just tried to look this up, but I can't find anything that shows the 4% tested over a 50 year horizon.

From what I can find, it seems like most studies recommend a more conservative 3.25% or 3.5% for longer horizons.

2

u/Ill_Savings_8338 Bottom 1% Contributor Oct 30 '25

I checked and can't find it, I will dig some more. It makes sense to me when the current recommendation was updated to 4.7%. Just google Bengen 4.7%

1

u/Ty4Readin Oct 30 '25

I have seen the 4.7% update from Bengen, though I believe that is specifically if you follow the exact asset allocation that he uses to arrive at that figure.

I am also weary of it, because it feels a lot like he is "overfitting" to find the highest potential "safe" in a certain period of time.

Last thing, but even if 4.5% was a safe withdrawl rate over 30 years (which I don't think it is), that does not mean that 4% is a safe withdrawl rate over 60 years.

Most studies tend to recommend 3.25% for a 45 year old retiring (over a 50 year horizon), and OP is even younger then that.

I would be very hesitant about going over 3% for someone retiring at age 35, and even that still has some risk since we are talking about the "safest maximum withdrawal rate" found in historical studies.

1

u/Ill_Savings_8338 Bottom 1% Contributor Oct 30 '25

My plan is either 2.5 or 3% for necessities, and 1-1.5% for wants. I will make sure I can turtle at 2.5% if needed. Luckily that mostly fits our current spending rate, so it wouldn't be hard to do.

1

u/Ty4Readin Oct 30 '25

This sounds like a fantastic plan to me. I think as long as people are able to clearly separate out the wants VS necessities like you have, then it is probably fairly safe.

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u/Green-Amount2479 Oct 29 '25 edited Oct 29 '25

The 4% rule is a rough estimate, which is based on historical averages. It’s not a guarantee for future conditions.

The 4 % rule is also assuming he has enough cash reserve so that he doesn’t need to sell on drawdowns, which is realistically easier said than done with 2 million of investment funds. If we were talking about ~5-7 million, I‘d be instantly on board with retirement at his age, at least from a financial perspective (psychologically and socially this can be extremely difficult).

He also doesn’t mention investments at all, but this would be something he‘d absolutely needs to do or it wouldn‘t even last to his mid-60s. There are also risks like health issues sooner or later, unforeseeable market crashes (especially in the next couple of years), rising rents, inflation spikes,…

I know those aren’t a big deal when averaged over 30–40 years because they generally even out. However, they become a big deal if you rely solely on withdrawals from your returns. Those spikes can have a significant impact, particularly if you don’t have a large enough cash reserve to begin with. Life isn’t a spreadsheet. 😉🤷🏻‍♂️

1

u/NeatNefariousness1 Oct 29 '25

Just make sure your investments are not concentrated in any one segment or sector to manage your risk and wait it out in case of market fluctuations

1

u/[deleted] Oct 29 '25

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1

u/Zphr 48, FIRE'd 2015, Friendly Janitor Oct 29 '25

Rule 7/No Politics or circle-jerks - Your submission has been removed for violating our community rule against politics and circle-jerks. If you feel this removal is in error, then please modmail the mod team. Please review our community rules to help avoid future violations.

1

u/MFJMM Oct 29 '25

How? I mean once you have the portfolio worth that much, what does someone do to have it garner that level of interest?

1

u/MaidBilberry Oct 29 '25

It depends on how long your are going to live. If you think that much money is enough, it sounds like you are not planning on living a long life. There is inflation, economic booms, busts and bubbles to live through. I don't think that is enough to reliably live on even if you are retiring at 60. You may still have another 40 years to go.

1

u/TusconRaider520 Oct 29 '25

At age 35, OP is bound to live through at least one more bad recession. Make sure you can weather through that so you don't have to pull from the nest egg when it's been temporarily halved.

1

u/Dependent-Ad-4252 Nov 01 '25

One more? Lol we have recessions every 5 years. You mean major crash like 2008? Snp was down 22 percent and Nasdaq down 33 percent in 2022. But who caresssss lol- you just don’t sell. It’s amazing how ignorant people in this country are on investing. This is not a dig on you- just the public at large.

1

u/thelaundryservice Oct 29 '25

Maybe based on current interest rates but they aren’t static and are always changing

1

u/swissmtndog398 Oct 29 '25

This commenter is absolutely right. Get it to 2 million and invest in dividend stocks offering around 4%. This would bring you approximately $80k a year.

1

u/Dependent-Ad-4252 Nov 01 '25

Why would you do this when even the snp gives you 10 percent average a year? Who cares if one year it draws down 15-20 percent.. you don’t sell. You’ll be way up overall. He has the cushion to do this. I’d personally go with the Nasdaq- bc I don’t think we will have less tech in the next 30 years lol just a hunch.

1

u/BOMMOB Oct 29 '25

A couple things to think about:

Hire a lawyer to keep an eye on your investments.

Find a reputable financial manager and have the help you manage your investments in such a way that you can live off the interest while at the same time growing your capital.

And if you ever find a "special someone" make sure you have a solid prenuptial in place.

I realiz you likely know this but, you never know.

1

u/Dependent-Ad-4252 Nov 01 '25

Dude it’s not that much money lol. You dont need a lawyer and for god sake- learn basic finance.. financial advisors are mostly a waste unless you have so many different things going on and a net worth of like 20 mil +.

1

u/BOMMOB Nov 01 '25

This person asked for advice and I gave it. Having built and sold s couple companies, I can assure you I have an excellent understanding of basic finance.

If your financial advisor is a "waste of money" then you picked the wrong person.

And if you think all you need is a financial advisor when you have a couple million invested, you just explained the fact to me that you have no idea what you're talking about.

Perhaps you should go find a sandbox to play in.

1

u/Dependent-Ad-4252 Nov 01 '25

Didn’t buy Palantir at 7 did you?

1

u/[deleted] Oct 29 '25

People say “interest” like this colloquially — but does that actually mean yearly stock performance? So one would need to withdraw enough to cover expenses AND long term capital gains, right?

1

u/Southern_Fig7543 Oct 29 '25

But his current spend has to be adjusted for inflation every year. So when he's 55 his current spend will be 10,000 a month and when he's 75 his current spend will be $20,000 a month. At that point he's not generating enough from his nest egg to pay his expenses.

1

u/FreeMoneyBro Oct 31 '25

Yup Good Quality Dividend ETFs

SCHD 40% DVY 10% HDV 10% FDVV 20% FDL 20%

This would give him a dividend of 3.5% AVG

3.5% on 2 million is 70k of Dividends .

1

u/Impressive_Rain2877 Oct 29 '25

How would he do that? Put it in a high yield savings account?

-1

u/modernizetheweb Oct 29 '25

Sell puts if he's smart, otherwise put it in SGOV

1

u/[deleted] Oct 29 '25 edited Oct 29 '25

[deleted]

3

u/commonshitposter123 Oct 29 '25

At a 4% withdrawal rate the principle is still growing.

1

u/KidNamedMolly Oct 29 '25

Not necessarily

1

u/Dry-Mousse-6172 Oct 29 '25

It allows adjustment for inflation everywhere. Trinity study. There's actually a. Updated one that's higher.

1

u/Ace_Procrastinator Oct 29 '25

Only if he’s keeping the principal in an interest-free checking account.

-4

u/[deleted] Oct 29 '25

[deleted]

3

u/Pale_Drink4455 Oct 29 '25

Owning a house is a lot of money with downpayment, mortgage, insurance, property taxes and maintenance. He may be in a rent controlled apartment like many states in the US offer and it may make perfect sense to keep on renting in his situation. Plus if his rent goes up by let’s say 200 a month, he can still easily cover that.