How much money would you have to win, to quit your job?

by JH 24 Replies latest jw friends

• 

  willyloman

  I'd say that to call oneself rich, you'd need $5+ million in the bank.

  Several years ago in a large U.S. newspaper, I read an article on the business page that explored the question, "How much money does it take to be a millionaire?"

  The author explained that to most Americans, the word "millionaire" denoted extreme wealth. The word was coined back in the 1920s or '30s when a million bucks was a lot of money. Adjusted for inflation, he said, it would now take about $11 million in assets to live the "millionaire" lifestyle most people refer to when they use the word.

  And that was at least seven or eight years ago, so I imagine it's $12 or $13 million today.
• 

  BrendaCloutier

  1 million lottery winning is only $40,000 per year paid over 25 years. Not a bad salary, but not in the "wealthy" range either.

  Kevan is "scheduled" for retirement in Oct 2009. For him to retire early would take a minimum of $100,000 per early retirement year. So for him to retire next year, we'd need a hit of $300,000 or more.
• 

  alreadygone

  Enough to pay off the mortgage.
• 

  hillbilly

  Right now 30K would get me away from my town job. $100k+ would set me up to do what I WANT to do for work...more than that would ruin me....

  ~Hill (money dont mean much to cowboys class)
• 

  GentlyFeral

  As soon as my business, or the investment of lottery winnings, or my next sugar daddy, brings me enough money to replace the income I was making 18 months ago, I will quit my job.

  That was about $30K/year, plus medical insurance.

  Gently Feral