28 comments

Sort by:
CuriousFox
WR Officer
8
🦊
🦊
GDO
Politicker
1
BDM
Ah Stella, the best beer in the world
braintank
Politicker
5
Enterprise Account Executive
All depends on your lifestyle. But $1m definitely isn't enough.
Most brokers have tools to show you how much you'll need. The fidelity one is nice: https://www.fidelity.com/calculators-tools/retirement-calculator/overview
ThatNewAE
Big Shot
3
Account Executive - Mid enterprise
I am scared of even opening this link. I think I am broke. But anyway.
braintank
Politicker
1
Enterprise Account Executive
If you're scared just Google "fidelity retirement calculator"
HVACexpert
Politicker
4
sales engineer
I think scared as in ‘scared it will calculate that I’m broke ‘ lol
Coffeesforclosers
Notable Contributor
2
Director Sales and Market Development
My lifestyle today will hopefully be vastly different once im not paying 2 mortgages in 10-15 years.
BTQ
Politicker
4
Account Manager
The way inflation is going will $2M be enough in 10-20 years?
https://wtfhappenedin1971.com/
Beans
Big Shot
3
Enterprise Account Executive
There's a decent reddit sub on financial independence - I'd follow there.
DungeonsNDemos
Big Shot
3
Rolling 20's all day
Age is different for everyone. Some people do the regular 65, some are able to "FIRE" at 45.
It highly depends on how much you're able to put away.
That's why I like being in sales! I can usually work harder to make more.
Pachacuti
Politicker
3
They call me Daddy, Sales Daddy
Seriously - go find a good Financial Planner you trust and they will help you put a plan together.
Coffeesforclosers
Notable Contributor
1
Director Sales and Market Development
that industry seems so hard to navigate, i gotta check my network youre right
FinanceEngineer
Politicker
2
Sr Director, sales and partnerships
What is your money invested in? You can buy a 30 year treasure bond and get a 4.288% yield (4.125% coupon on the face). So if you can live off of under $100k, you are set just buying those and enjoying your cash for the foreseeable future. Realistically, you would want a diverse set of dividend stocks and bonds to just pull out cash for you so you can keep most of not all of the principal untouched until you are ready to retire.
Coffeesforclosers
Notable Contributor
1
Director Sales and Market Development
I have to look into more longer term options, i am all in stocks no longterm cds, bonds, etc. Gotta get after it
pirate
Big Shot
2
🦜☠️ Account Executive
I quite like working
Coffeesforclosers
Notable Contributor
0
Director Sales and Market Development
Thats fantastic!!!! You hiring
pirate
Big Shot
0
🦜☠️ Account Executive
Ha not in a hiring position. I just think I'd get bored without work so I like it
HVACexpert
Politicker
2
sales engineer
So if you retire at 65 and want to live on $100k a year and want to plan on being around for say 30 years and live to 95, then you need $3mil.
Coffeesforclosers
Notable Contributor
0
Director Sales and Market Development
Unless social security still exists that would let me retire at 2m
Filth
Politicker
0
Live Filthy or Die Clean
Don't count on Soc sec the way shit is going.
2
Sr. Strategic CSM
Determine your cashflow needs, your necessary security fund, aka the 'oh shit' fund. IMO, if you can determine ways to funnel your excess cash into passive income sources (e.g. real estate, a stable business, dividends). It's not what you make, it's what you keep and make work for you. Income is important because it's what you mobilize towards these passive sources of income. (Plus these can be tax benefits)
Great resources through BiggerPockets.com for real estate.
1M sounds nice, 2M sounds nice
$20k a month in passive income replaces my W2, allows for my expenses, and gives me money to invest. That's my goal I'm trying to hit prior to 'retiring' my W2.
Happy to chat about it.
Coffeesforclosers
Notable Contributor
0
Director Sales and Market Development
Good calls here, I do have properties, right now i live in one and we seldom use the other, gotta make one generate rev now and possibly more in retirement
jefe
Arsonist
2
🍁
Who does?!
$2M is probably a minimum target. Preferably more
GDO
Politicker
1
BDM
I would have enough with paid of house and 1,5m
LambyCorn
Arsonist
1
A mfkn E
1m you can probably invest it in real estate to where you can go down to south America and live the happy life in somewhere like costa rica
balbazar
Opinionated
1
Enterprise Account Executive
At the end of the day it just depends on the lifestyle you want to lead. Work out what it costs and then assume that you can sustain a 4% withdrawal rate on savings forever assuming it's properly diversified.
Here's a blog that explains the logic: https://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/
AnchorPoint
Politicker
0
Business Coach
LOL
Justatitle
Big Shot
0
Account Executive
I think 3.5 million by age 60 gets me to retirement, now how to get there...

Related posts

11

Is it weird I don’t want to know what my prospects look like?

Question
🐱 Off-Topic
12
16

Sales Interviews - I don't want to share my numbers anymore!

Question
👥
🧢
🗣
12
16

Don't wanna be at work...

Discussion
🐱
💩
19
Bravado is a community of trusted sales professionals endorsed by their customers.
Apple Store logo
Products
The War Room Jobs Salary Guide Tech Sales U
Company
About Us How It Works Blog Bug Bounty
Contact
Press Careers
© 2024 Bravado Inc. All rights reserved.
Privacy Policy Legal and Privacy Center Sales Jobs
If you are hired as a contract sales rep by a Bravado customer, we may ask you to prove access to the employee email account provided to you by that customer. This data will be shared with customers to track your sales productivity; customers can use this data to confirm you meet the minimum activity requirements to pay out your ramp stipend and commission.