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Those middle class peeps, how much $ is enough to satisfy you?

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Old 23-05-2020, 08:28 AM   #1
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Those middle class peeps, how much $ is enough to satisfy you?

For those earning around 5k+ at 30 and maybe 10k+ max towards retirement: how much lump sum money would you need to make you quit working forever, no matter how much you enjoy your job?
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Old 23-05-2020, 08:47 AM   #2
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For those earning around 5k+ at 30 and maybe 10k+ max towards retirement: how much lump sum money would you need to make you quit working forever, no matter how much you enjoy your job?
maybe about $50m so that I can start a charitable foundation to give me something else meaningful to do with my time.

before someone starts claiming that 5k+ at age 30 is not middle class in the general population, pls note that there other 'what is your networth' and 'what is your income' thread in this forum that show that 5k-10k is indeed middle class by MM/SSI standards...
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Old 23-05-2020, 08:57 AM   #3
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maybe about $50m so that I can start a charitable foundation to give me something else meaningful to do with my time.

before someone starts claiming that 5k+ at age 30 is not middle class in the general population, pls note that there other 'what is your networth' and 'what is your income' thread in this forum that show that 5k-10k is indeed middle class by MM/SSI standards...
lol 50m is near impossible. you either implying that no amount will make u quit ur job or you already gave up hope of thinking about that
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Old 23-05-2020, 09:00 AM   #4
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lol 50m is near impossible. you either implying that no amount will make u quit ur job or you already gave up hope of thinking about that
i guess it means that i wouldn't quit my job unless i can use the time to do something more meaningful. With $50m, i could probably embark on some valuable development projects and see new places at the same time, whether by myself, or in partnership with existing charities/NGOs.
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Old 23-05-2020, 09:26 AM   #5
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4-5M before hitting 50.
Or passive income of 100k/y.
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Old 23-05-2020, 09:33 AM   #6
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When I started working, my salary was 1.9k and I told myself that it’s insufficient and it needs to be at least 3k.

When I was 28, I worked hard and my salary became 3k. Commitments came and circumstances changed, and I told myself that I need to earn at least 5k.

I’m now 34 and am earning 5k, but circumstances change, and I still feel it should be at least 7k.

While there’s no fix “sufficient” amount, one thing constant throughout my short working life of 11 years, I religiously save and try to live below my means.

Once you are able to live below your means, you become easily adaptable and can survive with minimal income.
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Old 23-05-2020, 10:05 AM   #7
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Probably 10m by 55
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Old 23-05-2020, 11:23 AM   #8
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For those earning around 5k+ at 30 and maybe 10k+ max towards retirement: how much lump sum money would you need to make you quit working forever, no matter how much you enjoy your job?
I have retired. From this COVID stay home experience, I need only 3.5ka month to get by comfortably, not counting big ticket items (e.g., travelling when the ban is lifted, etc).

1.5k for household expenses like food, groceries
1k for maintenance fee, petrol, utilities, phone bills etc
1 k for insurance, and other incidentals.

Last edited by Gitaro; 23-05-2020 at 12:13 PM..
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Old 23-05-2020, 11:43 AM   #9
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About 2billion sgd.
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Old 23-05-2020, 12:20 PM   #10
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1 mil net worth by 35
2 mil net worth by 40
continue to work...
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Old 23-05-2020, 12:29 PM   #11
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500k earning 2.5% return by 40
1k a month more than enough for me
still got $500 leftover every month to spend on luxuries
cpf wipe off to buy 2 room bto
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Old 24-05-2020, 08:50 AM   #12
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Probably $3M to support monthly $10K withdrawal
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Old 25-05-2020, 01:35 AM   #13
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For those earning around 5k+ at 30 and maybe 10k+ max towards retirement: how much lump sum money would you need to make you quit working forever, no matter how much you enjoy your job?
5M and i will quit my job immediately.
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Old 25-05-2020, 01:37 AM   #14
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5M and i will quit my job immediately.
5M per couple seems more doable in today’s context.
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Old 25-05-2020, 01:40 AM   #15
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$2m enough liao...

Sent from . using GAGT
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