FeelItInMyPlums

Sales Account Executive

Valued Contributor

What's your retirement number?

Man I'll tell you being in sales takes a lot out of me. To the point where I've been planning for retirement since my first full time BDR gig. I'm definitely not one of those people who will work til I die, however if I die of a heart attack because of sales it's possible...

That being said, it is important to have a goal, or something to strive towards and gauge risk/reward against when it comes to investing etc.

Growing up in the 90s I assumed if I had $2 million I'd be able to go away for ever and have a comfortable retirement, but not baller. With the value of a dollar being what it is, my current number is $3.5m (meaning if I had $3.5m in my bank accounts/401k, and didn't LOVE my job, I'd quit). That would give me like $15k/month to work with.

That being said, when you don't NEED the money work may be more fun. So my 2nd number is $15 million. If I ever get to $15 million through commission, smart investing, dogecoin wtf ever, I'm quitting the next day and enjoying whatever I want for the rest of my life. ($62k monthly).

What's your number?

How much do you need until you'd refuse to work ever again

Attached poll

Likely will work until I die Give me a million bucks cash today and I'll stop working 1-5million 5-15million 15-50 million Gonna keep working till I have it all?

*Voting in this poll no longer yields commission.

🤷‍♂ Poll

🏄 Personal Life

30

57 comments

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poweredbycaffeine

WR Lieutenant

12

☕️

I would be so bored if I didn’t work…since all of my friends still would be. I’d end up opening a coffee shop…so I’d say $10M in the bank. A portion would go towards a fully funded retirement at a comfortable lifestyle figure, and living life off of the returns on the investment of the rest + profits from my shop and other related ventures.

braintank

Politicker

3

Enterprise Account Executive

I'd get too bored too! I'd like to see how I can acquire until I'm 50 then hang up my skates.

FeelItInMyPlums

Valued Contributor

3

Sales Account Executive

Would your coffee shop have a no defecation rule? :D (if you don't watch curb then I apologize)

poweredbycaffeine

WR Lieutenant

5

☕️

And incredibly dry scones.

Gon

Valued Contributor

0

BDR

Well, with all that money you can do whatever you want travel, games, food, drugs you name it. Why will this be boring?

poweredbycaffeine

WR Lieutenant

1

☕️

What’s the point of traveling when the people I want to travel with are all working for the next 25 years?

funcoupons

WR Officer

8

👑

Prolly like three fiddy

antiASKHOLE

Tycoon

2

Bravado's Resident Asshole

YUP

funcoupons

WR Officer

8

👑

All these people talking about spending their coin on investments, business ventures, and passion projects. I respect it but tbh when I’m rich all I want to spend my time doing is running amuck on my private island and licking tequila and hot fudge off of @paddy ’s body.

paddy

WR Officer

4

Director of Business Development

Imagine spending money on anything except for this 😂

funcoupons

WR Officer

4

👑

It’s ok our financial knowledge is so evolved just like the rest of us. We are soooo perfect hahaha 😂

UrAssIsSaaS

Arsonist

6

SaaS Eater

$15M+ (after taxes of course) cuz I have expensive ass taste and like to live in areas where real estate is stupid expensive.

I also dont think I would fully "retire" but I'm certainly not going to be grinding to build a sales org for someone else.

I would spend like ~$5M on a house, invest like $7M and live off the returns and blow the other $3M on stupid shit when I retire.

CuriousFox

WR Officer

4

🦊

Death I'm sure. Which is fine since I'm already a leading Life Alert member.

funcoupons

WR Officer

2

👑

Help. I’ve fallen and I can’t get up!

ego

Politicker

4

Bartender

Miami highrise condo. Massive rain shower right up against the window with zero privacy. Holographic Ana de Armas that makes an insane cafe con leche. Rum on tap. Gelato.

FattySnacks

Politicker

3

Senior Account Executive

50M but I’d probably
Never actually retire. I want the capital to chase some personal interests

UrAssIsSaaS

Arsonist

6

SaaS Eater

Everyone on here talking about passion projects and pursuing personal interests they would pursue and I cant think of a single thing I would want to do. Id just go ski in the coolest places in the world. Maybe thats my passion but I aint trying to make money on it.

FattySnacks

Politicker

1

Senior Account Executive

Capital for personal interests for me wouldn’t be about making money but more like passion projects. I’ve always wanted to buy ranch land and have my own nonprofit for dogs and such. I’ve also always wanted to create my own video game. I’d love to have the $$ to be able to find the right people to make that happen. The $$ is just the means to an end. My end is fun

UrAssIsSaaS

Arsonist

1

SaaS Eater

I guess we are one in the same then. No non profits for me tho, just 6k foot Alaskan Spines haha

Sunbunny31

Politicker

3

Sr Sales Executive 🐰

All you youngsters. LOL. I thought I'd never want to retire. Here I am, still happily working, but thinking, being retired and never having to do anything I don't actually want to do sounds pretty darned cool.

Donate, volunteer, and travel are in the plans. It will take bank, which I'm working on.

FeelItInMyPlums

Valued Contributor

2

Sales Account Executive

I remember thinking as a kid - if I hit the lotto, I'd buy (insert local sports team name here). Now you'd have to hit powerball like 3 times :D

Chep

WR Officer

2

Bitcoin Adoption Specialist

If I had all the money I wanted to retire I'd buy a massive piece of land and turn it into a giant bar/lounge and only accept BTC so I could surround myself with BTC plebs and I'd hire some delicious chefs because what is a good bar/lounge without a fire kitchen

UserNotFound

Politicker

1

Account Executive

I wish I had some degree of financial literacy- I know nothing about investing. I’m just working to be debt free and contribute as much as I can afford to my 401k. I grew up in a family of real estate investors, my parents had 2-4 apartment buildings and ~10 SFHs at any given time during my childhood. It was miserable, and turned me off of real estate and any other sort of investments entirely. Now that I’m old enough and financially stable enough to need to invest, I have no idea what the fuck to do.

JustGonnaSendIt

Politicker

2

Burn Towns, Get Money

Index funds. Do some research, and use a company like Fidelity, Schwab, or Vanguard.

Until you have 100's of Millions, Index Funds or Real Estate is the way to go. And you clearly have no interest in real estate.

You can open some funds for as little as $1K - $3K to get started.

I like to listen to Dave Ramsey for getting out of debt, and to The Money Guy once debt free, if you're looking for some podcast material to help you think thru your plan.

UserNotFound

Politicker

0

Account Executive

I listen to Dave Ramsey sometimes, but I’m not in debt like THAT. Just want to get my house + some kids medical stuff paid off. I’ll give the money guy a go! Thanks☺️

JustGonnaSendIt

Politicker

1

Burn Towns, Get Money

Yeah, I started listening to Dave when i was in my early 20's and like 50K in CC + Car debt. Always heard him on the radio and got on board with the program one day when I overdrafted my account.

10 years later, and I'm totally debt free.

His advice is a bit simplistic if you're a personal finance nerd, but damn does he have a solid plan to get people on the right path.

Money Guy isn't the end-all be-all, but they do cover lots of interesting topics. Enjoy!

braintank

Politicker

1

Enterprise Account Executive

Where are you 401k investments allocated?

UserNotFound

Politicker

0

Account Executive

Lol. No clue. My financial advisor does all that. 🤷🏻‍♀️

braintank

Politicker

1

Enterprise Account Executive

Hmm. I'd definitely look into that.

Not to hijack but what kind of financial advisor do you use? CFP, someone who works at a brokerage, family friend?

JustGonnaSendIt

Politicker

3

Burn Towns, Get Money

Yeah, definitely look into that. Advisors should ADVISE, not decide for you.

I have an advisor to help me think thru my plan and double-check for crazy, but I personally make all of the investment allocations and deposits myself.

Personally my 401(k) is in a Vanguard Target Retirement fund.

My Brokerage has several funds, but they are generally S&P 500 Index, Large Cap Growth, Total Stock Market Index, and a Tax-protected bond fund to counterbalance all the aggressive / semi-aggressive actions in the other indexes.

No Crypto.

Unfortunately, I do have a significant amount of shares of a startup I previously worked for that are tied up until a tender or other liquidity event occurs. Which pisses me off every day.

braintank

Politicker

2

Enterprise Account Executive

My kindred spirit <3

VTI till the day I die!!!

nemix

Politicker

0

SDR

Just put monthly cash into a vanguard ETF and ignore it for the next 20 years.

JustGonnaSendIt

Politicker

1

Burn Towns, Get Money

I calculated my number to hit my baseline lifestyle expectations, accounting for inflation over time, to be ~7 Million.

But to be safe, let's aim for $15M+

Realistically, I'm planning on working until I get to ~$10M in net worth, then 'retiring' to do low-volume coaching and sales consulting.

Gyro25

Notorious Answer

1

Account Executive

I don't know if I'd ever want to "retire" per se. I think everyone needs some passion or reason to exist and keep going. Not saying it has to be sales, but like poweredbycaffeine said, opening a coffee shop or something.

I'd ideally want to travel, maybe start as an independent consultant, invest and buy property/crypto so I have some liquidity if need be.

countingmyinterest

Politicker

1

Account Executive

I loooooove to work. I just want the ability to choose not to work aka being financially free.

For me, it's not so much a number but rather I'd like to have 20-30k/month in free cash flow to mess around.

Have you ever been "retired"? It gets boring after a while.

FeelItInMyPlums

Valued Contributor

1

Sales Account Executive

Yup. I feel this 100%. If I didn't HAVE to work I feel like I'd like it a lot more.

Like if I'm at a startup, and we're growing, but I'm at 30% of my number, I could focus on the positives vs getting pissed about being lied to during the interview about everyone hitting 100%.

countingmyinterest

Politicker

0

Account Executive

When you do things out of pure joy, it becomes fun and money is a side benefit.

If a startup isn’t going well, you can always quit and not be afraid of financial punishment.

DragonTiger

Good Citizen

1

VP of Sales

I’m surprised no one is talking about the 4% rule, meaning that you live on 4% of your portfolio every year and based on average stock increase your portfolio won’t decrease in value.

Your burn rate will depend on how much you need. But the general Fat FIRE (Financial Independence / Retire Early) number tends to calculate 100k/year in spending which means you would need a portfolio of $2.5M.

Path to happiness is not money, but money does take care of a lot of annoying problems.

FeelItInMyPlums

Valued Contributor

1

Sales Account Executive

Thought it was the 5% rule :D? That's where I took my "monthly income" numbers from in my main post. 5% of my equity per year.

DragonTiger

Good Citizen

0

VP of Sales

It all depends on what risk you are willing to take and how the future market will perform.

RealPatrickBateman

Politicker

1

🔪Amateur Butcher🔪

I didnt see an option for "More".
That being said, More is my figure...

NotCreativeEnough

Big Shot

0

Professional Day Ruiner

I would never fully retire. I would get too bored. I would definitely use that money to pursue some passion projects that don't pay nearly enough for me to do in my current real life though like open a gym.

DungeonsNDemos

Big Shot

0

Rolling 20's all day

If I had $1 million more today... realistically I could probably live off the interest but it wouldn't be the grand life I want, and I would get super bored.
And if I had only free time I am going to need money to pay for the fun shit I want to do.

Justatitle

Big Shot

0

Account Executive

20 million and I’d be set.

TennisandSales

Politicker

0

Head Of Sales

My goal is not to save enough so I dont work anymore....but more that I have enough money to do what ever the fuck I want.

I hope at somepoint I have acquired enough knowledge to be a part time advisor of some point.

that seems like a cushy enough gig if I dont care about the $$

ChunkyButters

Tycoon

0

AE

Minimum in retirement accounts - $3M

This would also require my house paid off, cars paid off, and some significant cash.

Realistically - $5M-10M in retirement accounts plus the above.

My SO has expensive taste, and I enjoy the finer things from time to time. With retirement I'd have time to spend my money too. Vacations and being bored get expensive.

Maverick1

0

AM (Account Manager)

$15 milli - 3 on houses (city, mountain, beach), 2 on cars (love them Lambos and Porsches), 10 invested and taking out enough to live comfortably and travel but also to keep a nice annual return so I don’t lose any money on the year to year (always maintain a net of 10m in the investment accounts)

FeelItInMyPlums

Valued Contributor

0

Sales Account Executive

Not sure where you're finding a beach house (or city house for that matter) for $1m.

Balloons4baboons

Opinionated

0

Account Executive

$5 million to quit sales (I'd probably do it for less honestly). $15 million to never work again.

SADNESSLieutenant

Politicker

0

Officer of ♥️

i want like 8 annuities, a few IUL's, a rarri, few houses, and 1m in the bank w/ 10k a mo coming in passively at least, duh

bamageorge

Celebrated Contributor

0

International Sales Director

7 Mil

looper1010

Celebrated Contributor

0

Solutions Specialist

$4 million for me and my husband to retire comfortably. $2 million for myself.

SirCloseAlot23

Politicker

0

Business Development

Just want to be able to relax and live comfortably

LordBusiness

Politicker

0

Chief Revenue Officer

I don’t plan on stopping work. I may do something different, but I never see myself trying to fill my time with random hobbies

Pachacuti

Politicker

0

They call me Daddy, Sales Daddy

Retire? Not sure what that even means.
But I would need my house paid off and about $3-5m in the bank

kelvin26

Fire Starter

0

administrative manager

https://timebrookinvestment.com/u/sign_up?r=kryptotitan

https://t.me/+L_3GDbXlz904MDg0

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