How much do you need to retire and live off passive income assuming you live a frugal life?

bait

One thing I never got about the living off difidends meme, why not just invest it in a normal market and simply live off the gains? As long as you reasonably manage your own money you should be able to live just off the percentage gains from that year and if worse comes to worse just keep a constant supply of around $50k on the sidelines in case the markets shit and you can live for a couple years without needing to sell low.

no savings account will give you 3%
>1 million eh? what passive income stream
any high dividend etf
fool.com/investing/2020/10/14/the-10-best-etfs-for-dividends/

Markets dont necessarily always go up.

because if you put your money into boomer divvy stocks like Coca Cola you can literally stop paying ANY attention to the markets at all lose all the stress that could come with your strategy

that would require you to sell a little bit every year. seems a little weird. i like the dividend idea better because u dont have to sell anything

I live in Sydney, Australia where house prices are quite high.

However just south of Sydney you can purchase a 1 bedroom unit for approximately $350k.

I'd have 750k remaining.

With relative safe investments you could earn 10% on that 750k each year.

After tax you'd have around 50k left. You could live on 50k a year with no rent/mortgage easily.

250k*

$1000 every month is the minimum.

you guys are getting 3%?

lel in south america half a million dollars will be enough to live a wealthy life assuming you know how to manage your money

>With relative safe investments you could earn 10% on that 750k each year.
but in order to realize your gains you would have to sell some of your position. i dont really like that idea

Nigga you can make easy 10% APR (longterm probable minimum) with defi stable coin pools. Take a look at the following:
v2.rari.capital
idle.finance
apy.finance

So for 200k-400k passive you need 2-4 mill capital only.

Bout 350k.

I expect my DIA bags will take me there.

>They're the oracle for Coingecko

Attached: DIA_CoinGecko.png (1400x699, 205.86K)

25x yearly living expenses assuming 4% annual return

In Brazil, something close to 250k USD.

>As long as you reasonably manage your own money
that's not very passive user

Instead of eating some eggs, why not eat 3/8ths of a chicken?

>passive income
dont join an MLM scam anonbro

He said a frugal lifestyle. And lol at using a 2-4% withdrawal rate. If you're somewhat young then you can easily take more risk than that.
It depends on whether or not you're willing to touch your principal, how much risk you can "afford" to take, how old you are, how many children you plan on having, do you expect your wife/ gf to work etc.
Stocks are expected to return about 5%/ year after inflation so If you invest most of the money in stocks then a withdrawal rate of 4-5% is a good starting point. As you get older you can start spending a higher % if you want.
For most people on here who live in wealthy countries but aren't turbo consoomers I'd say somewhere between $750k and $3MM is being set for life. $750k is if you just want to be a frugal NEET. You can obviously retire on much less in poor countries.

Yea I don't wanna touch the principal but again I don't like the idea of realizing your gains by selling ur principal sounds kinda weird

>I live in Sydney, Australia where house prices are quite high.
Brisbanefag. I can get central apartments twice as cheap. As long as you can buy a house outright and have 200K left over, you can semi-retire.