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126 sats \ 4 replies \ @grayruby 8 Jan
This presumes you have no other income and have to sell your bitcoin rather than borrowing against it.
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43 sats \ 3 replies \ @Shugard 8 Jan
Borrowing against it is the new cycle strategy
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44 sats \ 2 replies \ @ogi099 9 Jan
Can you share how to do it actually?
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20 sats \ 1 reply \ @mo 9 Jan
follow @pillar posts
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80 sats \ 0 replies \ @pillar 9 Jan
For clarity, I DO NOT:
- Have a lot of BTC.
- Borrow fiat against it to pay for my expenses.
I do:
- Borrow fiat against... Nothing. Clown world :)
- Put it into BTC with the goal of maximizing the BTC I have.
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48 sats \ 4 replies \ @megaptera 8 Jan
Who wants to retire anyway? I imagine that is boring.
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85 sats \ 2 replies \ @ek 8 Jan
When I think about "retirement", I usually think about financial independence
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6 sats \ 0 replies \ @Jon_Hodl 8 Jan
Same here
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4 sats \ 0 replies \ @User21000000 8 Jan
Yes I also look at retirement as I can go do whatever I want even if there isn’t a financial benefit to the work as you have that side sorted
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37 sats \ 0 replies \ @nym OP 8 Jan
Depends on what your job is I suppose.
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16 sats \ 0 replies \ @79c9095526 8 Jan
Very cool chart! Can you provide a little more detail around the assumptions?
Is there a particular % increase annually you used in the model?
I see the note of 50% power law regression, is there a place we can see the annual % increase or bitcoin price assumed in this regression model?
Also, is the assumption that one sells bitcoin equal to the stated "Annual Living Cost"? Is that a pre/post tax figure?
Thanks for sharing this, very interesting!
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65 sats \ 0 replies \ @Undisciplined 8 Jan
That's pretty neat and very encouraging.
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30 sats \ 0 replies \ @random_ 9 Jan
Impossible to read đź‘Ť
Maybe a separate plot for each set of retirement ages.
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17 sats \ 2 replies \ @OT 8 Jan
Shouldn't retiring at 35 require a larger amount than someone retiring at 55 or 75? They have so much longer to live.
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18 sats \ 0 replies \ @gmd 8 Jan
In the FIRE community there’s something called a safe withdrawal rate. As long as your annual expenses under that (traditionally 3-4% of nest egg) you’re good to last through 30 years through most simulations. A poor early sequence of returns (market dips as soon as you retire) can sometimes complicate things. If your living expenses are even lower then naturally your nest egg will increase despite being retired.
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6 sats \ 0 replies \ @mattgavin 8 Jan
No, because they are more likely to get hooked on drugs and alcohol and die early.
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6 sats \ 0 replies \ @User21000000 8 Jan
So for someone 36 could pack away the work boots with just under 1 bitcoin and retire at 45 if they are wanting 50k living is that how you read it
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5 sats \ 0 replies \ @BitcoinIsTheFuture 9 Jan
Good thought it’s a bit busy. I prefer financial independence. Retire and do nothing and die!
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3 sats \ 0 replies \ @Shugard 8 Jan
If only one would have so many BTC
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