How many Bitcoins for Retirement. For Average Age and Salary NEWBIE.

[cr1776]

In the US/Europe/Japan etc $100,000 worth of bitcoin in today's dollars won't support you for long in retirement unless the value is continuing to grow and/or you are living with family.  Perhaps in some other less expensive locals it would be sufficient, but there are many variables.  If you search on "retirement income calculator" you can plug in values for yourself and see what the calculators show you'd need to have a safe retirement.

As far as what % should be in bitcoin, that is a personal choice given it could succeed wildly or not at all.

e.g.  this is US based, so if you are elsewhere, it might change slightly:

Code:

https://retirementplans.vanguard.com/VGApp/pe/pubeducation/calculators/RetirementIncomeCalc.jsf

[Lucius]

To all!
My question is for those of us who wasn't aware of Bitcoin at the start and earning an average salary.
Lets say that the person needs to start investing in Bitcoin today, say per month - a few Sats at a time (as much as you would pay into average pension plan)
Lets assume the person has ZERO Bitcoin.

So...

If you mined 1000's Bitcoin 8 years ago then this is probably not for you but I would still appreciate your views.
Some of you may live in countries where 10 dollars is a large amount of money.
Some of you may live in Oil Rich Countries where your Bitcoins are made of 22k Gold and mounted on the wall.
Some of you may be investors, miners, speculators, scammers / fraudsters, lawyers, School Teachers, Firefighters or Toilet Cleaners (yes and unemployed too)

But for the average struggling person, who wants to retire comfortably and doesn't like the idea of a pension plan...

Why do you think the minimum amount of Bitcoin is to Hold? What is your target?

Personally, mine is 25BTC, assuming that BTC is still around in 20 years, I would hope that it would be worth say 100,000 in todays money. (I hope)
I have chosen 25 because it was the size of the reward before recent halving, and its my personal challenge.
This is speculation, so you may assume a BTC is worth 500 dollars in 20 years and that affects the amount you think you should put away.

Yes its a punt, and this may be full of holes! That's why I am asking you guys  

If the question is not clear, or has a few holes in it, then let me know and I will rephrase it.

The amount of bitcoins that would be sufficient for one's retirement depends on several factors,and in some of them you pointed out in your post.In the first place would depend on the country where you live or where you want to spend retirement.Your 25 Bitcoins are worth today around 18500$ what in some countries may be small fortune even today.The most important question is how much will be worth for 20 years?

If we assume that the value increased in this period by about ten times then for your 25 BTC you get 185000$.But you should take into account that the value of this amount today and in 20 years will not be the same.To put it simply,for the money you'll get then, you'll probably be able to buy a lot less than it is today.

If you have the opportunity to come into possession of 25 Bitcoin I do not see nothing wrong with your idea of retirement.You just need to keep in mind that this is a risky investment.

[freedomgo]

according to the poll for me 25 btc is enough for me if the price will increase more soon.

Because the price of bitcoins here in my country is very expensive. so for me bitcoin here is gold.. and i think the price will increase more someday
So you can make more profit in 25btc.. that you can start your own business.

BTC25 is not enough for me, I need like BTC100 just to ensure I can enjoy my retirement. It's good to retire happy with a lot of money.

[wheelz1200]

The answer will almost definately be more then 100btc. If we live in a world where 25 btc will allow you to reture i will be a happy man 

[buwaytress]

I live in a place where $10 is a lot (I can if living alone eat well for a week on that, and if in distress could eat enough for 2 weeks). But retirement is probably just as expensive for me as it is for most other people... assuming I'm past the age of productive work, I'll need to eat slightly better, be able to afford rent and healthcare for I don't know... 20 years?

I feel like even that's 240 months... if 1 BTC is worth even 1,000 dollars then, I probably could use up 1 BTC in 3 months for my expensive adult diapers and heart tablets haha.

[~Bitcoin~]

Buying bitcoin is still hard for people from developing countries and underdeveloped countries and they have to pay more than 10%+ to local seller to buy bitcoin and i think this will remain same for next few years. So its hard to directly put my savings from salary in bitcoin but localbitcoins have helped me alot on this.

I am thinking about 100BTC+ because if price can get upto 10x from the current price it will be like $700,000 which is quite good amount to invest in some projects or even will be enough to start local business from which i can enjoy nice constant income in retirement period or may be i will keep trading bitcoin/altcoin after my retirement also like now.

[ethan_nx]

Your question mixes the 2 problems:

1. How much money you need for your retirement?
2. How much will bitcoin be worth in the future?

You can probably easily estimate (1) - take monthly expenses, expected life length etc. Add a safe margin (it would suck if you live past your expectations with no money left).
(2) is all that makes the topic hot :-) Note that a single bitcoin value can vary from $0 to $1000000000 in the next 20 years. The civilization itself can collapse, an asteroid could hit Earth, a global crisis could collapse, the Internet could stop working, the Bitcoin could hard-fork.

If you can, split your savings, e.g. into gold (nothing better for a global crisis), fiat and bitcoins (for the future we all anticipate). If any of these fail, you are still left with some savings.

Other than that, a good practice is to save regularly, e.g. buy 0.2 BTC every month, regardless of the price. Make it a rule.

[Red-Apple]

first of all you should stop thinking of bitcoin as a way of getting rich or surviving your bad economy by just holding some for your retirement future. bitcoin with all the good things which it brought us and also the profit of investment, it is still a risky investment.

besides the amount of money you need in the future for retirement depends on where you live, how much you want for that age and what you are planning to do then. and in the end bitcoin should only be like a 20% of your investment and the rest should be in other places.

[noictib]

In my opinion 25 bTC is sufficient to make at the retirement .
I also thinks that if we have btc of amount 25btc then it is only sufficient at the current time but if You are asking about for next 20-25 year then you need to have 100 BTC because of the reason of rising price in the things in real world .

[Sponsoredby15]

It depends on how much is the price of bitcoin when you retire. If it is just in hundreds, you need more than 1000 bitcoin to live comfortably. But if the price is in thousands, then a few hundred bitcoins will do. Don't count anyway. Just save as much bitcoin as you can. The more you have, the merrier.

If you are earning bitcoin right now then hold that or save that for the future maybe you will gonna need it and you need more than 2000 bitcoin or maybe more if you are going to retireme in work and try to invest that money in bank so you will get and you will earn money while you sleep and how if the bitcoin price fall apart?

[btccashacc]

I need at least 100 Bitcoins for retirement if bitcoin's price 1k dollars each. However this value will increase due to bitcoin's price will sky rocket (in my opinion) i know it's hard to collecting 100 bitcoins unless you have big capital and build mining farm or maybe your altcoins that you holding right now being pumped more than 100k times.
I'll be happy when 100 bitcoin equals 1 Million dollars, but seems like it's impossible for this moment, at least for 25 Years later.

[deadsilent]

25btc is very small amount. You cant survive with that amount when you are going to retire in the future. Plus the prices of bitcoin is very unpredictable. Once its drops and never recover. Man, its all over. Try to save more money and dont put it all on bitcoin. Bitcoin is a good invesment. But its risky to put your retirement funds on bitcoin. Better save money and spend the half of it on bitcoin.

[crairezx20]

Honestly it is hard to reach even 25 btc or 10 btc but i think there is no bad to dream even 100 or more btc in my wallet i hope that i can start a business with bitcoin someday that i can save more than 100 btc..
Because we will be millionaire if we have it right now because the price is gradually increase every year... and more stores right now are accepting bitcoin according to a news in paris..

[davis196]

To all!
My question is for those of us who wasn't aware of Bitcoin at the start and earning an average salary.
Lets say that the person needs to start investing in Bitcoin today, say per month - a few Sats at a time (as much as you would pay into average pension plan)
Lets assume the person has ZERO Bitcoin.

So...

If you mined 1000's Bitcoin 8 years ago then this is probably not for you but I would still appreciate your views.
Some of you may live in countries where 10 dollars is a large amount of money.
Some of you may live in Oil Rich Countries where your Bitcoins are made of 22k Gold and mounted on the wall.
Some of you may be investors, miners, speculators, scammers / fraudsters, lawyers, School Teachers, Firefighters or Toilet Cleaners (yes and unemployed too)

But for the average struggling person, who wants to retire comfortably and doesn't like the idea of a pension plan...

Why do you think the minimum amount of Bitcoin is to Hold? What is your target?

Personally, mine is 25BTC, assuming that BTC is still around in 20 years, I would hope that it would be worth say 100,000 in todays money. (I hope)
I have chosen 25 because it was the size of the reward before recent halving, and its my personal challenge.
This is speculation, so you may assume a BTC is worth 500 dollars in 20 years and that affects the amount you think you should put away.

Yes its a punt, and this may be full of holes! That's why I am asking you guys  

If the question is not clear, or has a few holes in it, then let me know and I will rephrase it.

I don`t assume that bitcoin will be around after 25 years.

Your question isn`t good.It`s not about quantity of bitcoin,it`s about how much they cost.

You can have 1000 btc but the price might be 200$ after 1 year or you can have 100 btc and the price

might be 9000$.

[yayayo]

OP's question is unanswerable, also because the starting post lacks necessary information. Without knowing the time of retirement and the desired standard of living in a certain country no prediction can be made. "Average Age and Salary" is not helpful in that regard, because what's considered "average" greatly varies from person to person and country to country.

However even if these variables would be properly defined, it would still be impossible to make any accurate prediction, because there remain many factors that may influence the amount of BTC needed, whose future influence remains unknown. The two most important are likely the price appreciation of goods and the success of Bitcoin as a currency.

So in my view, picking any number is pure speculation. What's sure: You shouldn't plan your future solely based on Bitcoin. Even if the outlook is bright, you can never be sure about the outcome in a few decades.

ya.ya.yo!

[clickerz]

In my opinion 25 bTC is sufficient to make at the retirement .
I also thinks that if we have btc of amount 25btc then it is only sufficient at the current time but if You are asking about for next 20-25 year then you need to have 100 BTC because of the reason of rising price in the things in real world .

I think it depends on which country you are living. There are some countries that 25 BTC is equivalent to millions and to some is not. Also another factor is the standard of living. There countries which is very expensive to live. For me it is more than 100 BTC.

[anonbit992]

In my opinion 25 bTC is sufficient to make at the retirement .
I also thinks that if we have btc of amount 25btc then it is only sufficient at the current time but if You are asking about for next 20-25 year then you need to have 100 BTC because of the reason of rising price in the things in real world .

Hi, Good to see that you have removed your negative trust. 25 btc is a good amount and is sufficient only if btc gains good value. If it's  good for Retirement or not depends on many factors such as the life style of the person, place where he or she lives. What the price of bitcoin will be and the list goes on.

I recommend everyone to allocate some money every week or month and invest into bitcoin for retirement.

[iqlimasyadiqa]

Should We may Counting Period earlier age these times. if we have time 10 Years, And We Should have 5 BTC in one year time. I think it's enough for a happy retirement.

[pealr12]

100 btc is.enough. cause bitcoin will rise to its most promising ptice .  1btc= 100kusd. And were all  millionares on that time .
When you dream dream big.. i dream to own a massive  200 btc after 25 years.

[Nahl]

In my opinion 25 bTC is sufficient to make at the retirement .
I also thinks that if we have btc of amount 25btc then it is only sufficient at the current time but if You are asking about for next 20-25 year then you need to have 100 BTC because of the reason of rising price in the things in real world .

I think it depends on which country you are living. There are some countries that 25 BTC is equivalent to millions and to some is not. Also another factor is the standard of living. There countries which is very expensive to live. For me it is more than 100 BTC.

yes that was true that because cost of living from each countries will not same for an example on my country with cost $250-$350 i can able to feed my family in a month so 1 btc from the current rate can able to feed my family at least for two months but there will be huge different if somebody else live at England or US because the cost of living will be much bigger at there so basically OP will found different answers coming from various countries in the world