Is 5 Million Tax free enough to live a life time?....Do you want to ball or you want to live comfy?

[ajnapoleon]

More than enough for me

 

[Address_Unknown]

Even if I use a Mill to buy a house.
I can literally live the rest of my days out, not working, buying groceries, paying bills and existing without financial worry until I die.
shyt, I could prolly take another mill and seriously get into "Stonks" and try and add something on it or become some bullshyt Youtuber with enough money to have good production value and time to earn one of those Play button plaque shyts and have some near decent to above income coming in off that.
It would only work if my fam didn't know though. Can't ever be Frugal with fam/freeloaders expecting their non-existent cut.
You can't "Share" 5 million with family and live comfortably, that's a fact.​

 

[CopiousX]

My fire number is only $3.5m as a single dude.

so I could happily chill for life with 5mil. That's basically 250k per year at an inflation adjusted 5percent apr from a mutual fund.

 

[Silkk]

Way too many variables. Biggest one being you can’t put a number on a “lifetime”

 

[Mirin4rmfar]

Yesssiirrrr

Savings Interest Calculator | Ally

You can do the most basic shyt such as putting in a SOFI high yield savings account live good for the rest of your life

 

[Indeed]

 

[Harry Sax]

I’m buying a million worth of drugs and I’d be set for life

 

[ExodusNirvana]

fukk no.

shyt cost.

 

[Gloxina]

I’m buying a million worth of drugs and I’d be set for life

Literally.

 

[feelosofer]

Yes. You can comfortably live off 5 million dollars for life. Hell you can invest half of that and live of the dividends. Or even move to a foreign country where the dollar goes farther.

 

[Jaylen Tatum]

Comfy

 

[KillerPups]

5 m is more than most people retirement goals. Gimmie 3 and Im straight.

 

[trapnerd]

Even putting all the money in a HYSA will earn you at least 150k a year.

Def enough to live a regular life with no worries.

 

[The BasedFather]

If I ever get 5 million I’m renting a mansion and inviting all the Coli brehs and brehettes for a month long party. Everyone gets their OF person of choice. We’ll have Will Smith perform and Dame Dash give a business seminar.

Special event would be Tariq vs Umar boxing match

 

[ORDER_66]

it USED to be but now?!!? money burns fast...

Althought im sure if I HAD 5M AFTER TAXES LIQUID id make it work for a long time...