How much $ would it take to you quit working permanently?

[Tweak155]

Pretty subjective I think. I would think some people couldn't be paid to quit because they like it so much.

Me? At least $5mil USD.

Keep in mind - you can't go back to earning money in any way. This means you can't take your payout and make it earn money and etc. If you run out of money, you're done for.

 

[Cattlegod]

Prob 5 mil

 

[DAGTA]

Under that situation, at least a billion. I know that sounds crazy, but there are projects I want to do once I have a fair amount of money. I would still want to do those projects, so I would need enough money to not only fund them, but also to be able to refuse all income from the results of the projects. I could get them started for much less, but only if I were ok with making a profit on them.

 

[rcpratt]

$10,000,000.

Reason: It would pretty safely allow me to pull an inflation-adjusted $500,000 salary for life.

 

[Tweak155]

Under that situation, at least a billion. I know that sounds crazy, but there are projects I want to do once I have a fair amount of money. I would still want to do those projects, so I would need enough money to not only fund them, but also to be able to refuse all income from the results of the projects. I could get them started for much less, but only if I were ok with making a profit on them.

An interesting response I was looking for. It is good to put your goals ahead of money.

 

[SSSnail]

WTF, why can't I make my money work for me? That said, 10mil if I can't grow it, and 5mil if I can.

And WTF is up with the projects crap? You stopped working, that's the first rule.

 

[Gooberlx2]

5 million would give me ~$86K per year until I'm 90. That's okay...not great considering inflation and all that.

 

[brigden]

Yeah, five million sounds about right.

For me, material possessions and the trappings of wealth have always taken a back seat to the luxury of doing what I want, when I want.

 

[Tweak155]

WTF, why can't I make my money work for me? That said, 10mil if I can't grow it, and 5mil if I can.

It's part of the question, that's why! Just something to make it more "interesting", or put more thought into it.

 

[ch33zw1z]

at least 10 million.

 

[rcpratt]

Wait, I'm assuming I could at least invest it. Am I not allowed to do that?

 

[actuarial]

If I was under 40, there's probably no amount of money. I would work significantly less hours, but I would certainly work. I'd drive myself crazy otherwise.

If I was older, the more money I have the more likely I am to work. Example: give me $5B and I'd use it to buy a sports team and pull a Mark Cuban. Put me on a $100K a year pension and I wouldn't take the risk to start a business, and working for a salary wouldn't improve my life substantially.

Luckily, for actuaries there's always stuff to do when you're older. Most of it's volunteer work with expenses paid for, but at least you're still using your brain.

 

[SSSnail]

It's part of the question, that's why! Just something to make it more "interesting", or put more thought into it.

No, more interesting is how you're gonna make the money work for you. Just throwing up a fixed number is least challenging, borderline retarded.

 

[RichieZ]

$10MM = fvck you money

 

[Tweak155]

Wait, I'm assuming I could at least invest it. Am I not allowed to do that?

Nope.

 

[Tweak155]

No, more interesting is how you're gonna make the money work for you. Just throwing up a fixed number is least challenging, borderline retarded.

Make your own thread, then, and stay out of mine. Ass. Talk about borderline retarded.

 

[rcpratt]

Nope.

I think that's a bit silly and unrealistic, considering that anybody could pay someone to do it for them for zero work. Nobody would just let it waste.

But if that's the case, the number is $100M.

 

[mmntech]

At least $5-10 million as you could comfortably live off the interest at that point.

 

[Tweak155]

I think that's a bit silly and unrealistic, considering that anybody could pay someone to do it for them for zero work. Nobody would just let it waste.

But if that's the case, the number is $100M.

The idea is more to think about the money you would need to do the things you want, anticipating increasing costs, lifestyle choices & etc that you can't really predict.

I'd suspect some would take a lower amount and work with what they could, just to stop working or to enjoy life, while others would want everything they could ever dream of having and etc. It really varies by person.

It is easy to just say I'd take x amount and invest the rest, you really mitigate any risk of taking a lump sum.

 

[Tweak155]

At least $5-10 million as you could comfortably live off the interest at that point.

You don't get interest.

 

[SSSnail]

Make your own thread, then, and stay out of mine. Ass. Talk about borderline retarded.

I'm just replying to your pretentious and ever changing rules. Besides, I'm pretty sure this is the first thread on this subject on this here forum. So original, just like your rules.

Here's an ” interesting” number - 100 billion dollars.

 

[SandEagle]

i can live off of $1m for the rest of my days. 2m comfortably.

 

[Tweak155]

I'm just replying to your pretentious and ever changing rules. Besides, I'm pretty sure this is the first thread on this subject on this here forum. So original, just like your rules.

How am I changing the rules? It is very clear in the OP, but as usual, people try to find a way around them. What do you expect me to do, list out everything you can't do?

 

[Printer Bandit]

₹ 10,000,000

 

[homebrew2ny]

I'd like to keep my current salary until I was 65 so.....

If someone offered me 2.5 million right now I would have to seriously consider it.

Truth be told, I love my job though