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Eric Siu breaks down how much money you actually need to stop working. He uses a 5% return rule to show what generates livable annual income, and explains why the number changes drastically depending on whether you live in the US or elsewhere.
Eric Siu breaks down how much money you actually need to stop working. He uses a 5% return rule to show what generates livable annual income, and explains why the number changes drastically depending on whether you live in the US or elsewhere.
Some people might say, okay, I need $10 million. Some people might say $25 million. With $10 million, okay, each year, if you're earning 5% on it, that's $500 grand. $20 million, okay, great. Well, you're at a million now. And so that's a lot of money. If you want to be like done done with life, I think $10, $20 is very good already. If you're in the United— like a high-priced country like the United States, for example, to be done done, maybe it's $100 million or something like that, right? And then you really don't need to worry about anything else. And then I think anything above that is icing on the cake.
