• kersploosh@sh.itjust.worksEnglish
    4·
    3 years ago

    $3M. I could retire immediately with a comfortable stream of investment income. Anything less would be helpful, but I would still have to work.

  • TheOneCurly@lemmy.theonecurly.pageEnglish
    3·
    3 years ago

    124,594 hours (14 years) would be enough to retire right now, anything less than that wouldn’t be immediately “life changing” since I’d still have to hold down a job.

    • agarorn@feddit.deEnglish
      2·
      3 years ago

      Do you mean the income of 14 years, or the income you would get working 14 while years (which with a 40hour work week is more like 60 years of work)?

      • TheOneCurly@lemmy.theonecurly.pageEnglish
        1·
        3 years ago

        I took the amount I estimate I would need to retire right now at my current age and divided that by my current hourly rate. So it’s 124,594 working “man-hours”, as you say like 60 years of working. But that value goes down every year I do actually work and as my retirement investments grow.

        I assume OP asked it that way to normalize and anonymize it a little.

        • agarorn@feddit.deEnglish
          2·
          3 years ago

          Well good luck reaching that goal. However 60 years of work seems way to high.

  • HobbitFoot @thelemmy.clubEnglish
    3·
    3 years ago

    I’m probably going to need a year’s worth of my time, in part because I would use that to take a year off.

  • haych@lemmy.oneEnglish
    2·
    3 years ago

    Depends how life changing we’re talking. $1k could do up my garden and furnish my house. $10k would mean I wouldn’t need to worry about mortgage repayments for a year.

  • kalipike@lemmy.oneEnglish
    1·
    3 years ago

    1 year of salary extra would be unbelievably life-changing. Like…every single stress in life would be eliminated. Shoot, even $10k extra would be HUGELY beneficial.

    Been thinking about starting to drive Door dash or another side gig to supplement income.

  • Subversivo@lemmy.mlEnglish
    1·
    3 years ago

    I’m impressed that would be only a year. I have so many debt I thought it would be 3 to 5 years.

  • piece@feddit.itEnglish
    1·
    3 years ago

    As of now, 2 years would be enough. I would have enough money to get out of my parents house without them giving me money for a year so that I could study without working before I (hopefully) get my scholarship next year.

  • Karlos_Cantana@sopuli.xyzEnglish
    1·
    3 years ago

    I don’t think money would change my life. I make enough to pay my bills and eat. I have plenty of friends, and that doesn’t cost money.

  • r_ffer23@sh.itjust.worksBanned from communityEnglish
    1·
    3 years ago

    2 years. That would be enough to pay debts and try a different lifestyle in another city.

  • makingStuffForFun@lemmy.mlEnglish
    1·
    3 years ago

    20 years. Mortgage + interest paid off. I’d still have to work of course, but to be mortgage free would be a game changer.

    Including not needing to work, maybe another 20 years on top of that.

    Kinda depressing huh