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0 sats \ 0 replies \ @Coinosphere 25 Jun 2023 \ on: To not work for 30 years, how many bitcoin do you need right now? bitcoin
Any talk about retirement must start with how much money per month you expect to SPEND in retirement. Like if you're living on $5k per month now, will that go up because you are going on vacations or down because you're planning on moving to a cheap commune or something.
Once you have a target number, and subtract your age from your life expectancy age, you have a dollar amount to plan for exactly.
Let's say you're 50 and $5k a month is fine for your retirement. If you plan to live to 90, then you need no less than $2.4 million dollars to fully retire on.
Bitcoin is obviously going up, so the only question remains is how little bitcoin can you stack in order to make $2.4 million worth in the future? It may be less than 1 bitcoin in the long run but for the next few years you'll burn thru more than 1 BTC per year at current rates.
Realistically, you're probably going to need something like:
1.5 BTC for 2023.
1 BTC for 2024
1.5 BTC for 2025
0.5 BTC for 2026-2028
0.01 BTC for 2029-2031
0.0001 BTC for 2032
etc
Then in 30 years you will probably be about to treat sats like today's dollars. (i.e. 60,000 sats for 2053 onwards)