How many BTC needed for retirement in 10 years?

[South Park]

Hey guys,

so I have been buying BTC (and admittedly ETH) since October/November 2020. I have been sticking to that strategy and
even put larger amounts when there was a steep decline in a short period of time, everything on my cold wallet, nothing left on exchanges.

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

The answer will depend very heavily on several factors, like your age, life expectancy, number of family members which depend on you economically, your health, costs in your country, your expected lifestyle, inflation and the future movements on the price of bitcoin, so when you really think about you will notice it is kind of difficult to give a definite number, as 10 BTC is a good amount of money now and in the future, but for many people this is probably nowhere near enough to sustain them for that long.

[Mahanton]

it looks like 10 BTC and 100ETH is enough to keep me alive during my retirement, but behind everything it takes accurate management so that btc doesn't run out quickly if it can keep spinning and even increase, that's what I still think about if I have btc savings as my retirement capital later

The more the better right? If we do talk about realistically then i wont really be just focusing on BTC and ETH and other top altcoins if we do speak about sustaining on your retired life on which you are the ones with your wife would really be going along till the end of the years which means sustaining yourself and your wife would really be needing that long term and sustaining investment and i would really be considering in no doubt
when it comes to real estates too. As long my finances does permits then i would definitely be diversifying as much as i could because we dont know on what future holds and we dont
guarantee on where bitcoin would be ending up.

[soap94]

That's actually a good question. Correct me if I am from but you cannot get any dividend payments like with Coca-Cola stocks for example for BTC or ETH, right? So I am assuming you just need to calculate your annual expenses, then multiple by number of years you'd like to live and that's it. I personally also recommend to use BTC mixer whenever you send any crypto. A BTC mixer (for example ][banned mixer]), also known as a Bitcoin mixer or tumbler, is a tool used to enhance the privacy and anonymity of Bitcoin transactions. While it's true that Bitcoin is often considered pseudonymous rather than completely anonymous. Privacy Protection: Bitcoin transactions are recorded on a public ledger called the blockchain. Anyone can view these transactions, and with the right tools, it's possible to trace the flow of funds. A BTC mixer helps break this traceability, making it difficult for others to link your wallet to specific transactions.

[lalabotax]

How many BTC needed for retirement in 10 years?
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I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

It will really depend on where we live, how much we need in retirement, and what are the odds that will happen to us and us. If here, for me, with that amount is enough. Especially if this is prepared for my retirement. So, this will be a very sufficient amount for the old days. And it will be great to enjoy old age. However, of course everyone has different needs, so this may have an effect.

[bitzizzix]

I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.

[ilovealtcoins]

I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.

Yes, it is not advisable to rely on a volatile and risky asset like bitcoin for retirement. Bitcoin is only suitable as an investment for us to increase our wealth. When making a lot of money from bitcoin investment, we should diversify into safer assets like gold, and real estate for retirement. Don't just focus on bitcoin, it's too risky.

[Cantsay]

If we take into consideration that btc will reach 1 million then you will need 3 btc for retirement this includes inflation of usd

But you never can predict what the future holds, so even holding and accumulating up to 10 BTC is still a bet because something unexpected could just occur and cause the price of Bitcoin to come crashing.

So the best bet now is to keep accumulating more and also have some personal account where your fiat is been kept also, it will be a risky game to just go all in on Bitcoin.

[Rigon]

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

Now 2023
10 years later 2033

Now bitcoin price $28000(approx)
10 BTC = $280000
It is impossible to accurately predict what Bitcoin will actually do, but many experts believe that after 2030, Bitcoin will have a market cap of $500,000.
If it would possible then 10 BTC for retirement is highly enough.
10 btc will not be enough for retirement if the market price of bitcoin falls after 2030. But based on the competitive Bitcoin demand it is true that the market value of Bitcoin will increase a lot in the future.

[Mauser]

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

Sounds like a good plan to me. I haven't really thought about using crypto currencies alone as my retirement money, but looking at the current values the money should be more than sufficient. Right now 10 BTC are worth around 280,000 USD, and 100 ETH are around 175,000 USD. That is more than enough for one person to live off in retirement. I read from some insurance sales person that you should try to accumulate around 300-400,000 USD for retirement. It of course depends a bit on if you own your own house or apartment where you can life rent free. Also with so much money in crypto currencies you will profit of any further increase in price, the long term trend for both BTC and ETH is positive and the prices should keep rising over the years. Once you turn 60 or 65 you wouldn't sell all your cryptos at once, you only sell a little bit every time you need money. So it could easily happen that the price is going to rise a lot in 10-20 years and will leave a lot of the coins behind for your children and grand children.

[Inwestour]

I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.

Investing in bitcoin is reasonable, at least from the point of view that bitcoin will be a good protection for your funds from inflation. If you just save and save dollars, then inflation in 10 years will eat a very significant part of your savings.

But this will not happen with bitcoin, and even if it does not become very expensive, you can still save all your capital safely and increase it anyway. It will be more reliable and more profitable than any bank deposit that gave you 1% per annum, but you understand that inflation will be much higher.

[fenixosup]

No one really knows. Optimists think that 1 btc will be enough. Pessimists will think that even 100 btc is not enough

[Ultegra134]

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

Now 2023
10 years later 2033

Now bitcoin price $28000(approx)
10 BTC = $280000
It is impossible to accurately predict what Bitcoin will actually do, but many experts believe that after 2030, Bitcoin will have a market cap of $500,000.
If it would possible then 10 BTC for retirement is highly enough.
10 btc will not be enough for retirement if the market price of bitcoin falls after 2030. But based on the competitive Bitcoin demand it is true that the market value of Bitcoin will increase a lot in the future.

While 10 BTC is currently a decent sum of money, chances are that with its current value, it's not enough to live comfortably for the rest of your life. Due to its volatility, it's unclear if it'll be enough to sustain yourself in 5, 10, or 20 years from now. Personally, I believe that analysis may be correct to some degree, but the markets are unpredictable, and anything negative (or positive) can occur at any possible time. While I also believe that in a few years from now, Bitcoin will be worth a lot more, I wouldn't take it for granted if you ask me.

[S A KHAIR]

it looks like 10 BTC and 100ETH is enough to keep me alive during my retirement, but behind everything it takes accurate management so that btc doesn't run out quickly if it can keep spinning and even increase, that's what I still think about if I have btc savings as my retirement capital later

It depends on where you live and how high or low the cost of living is. With the amount of bitcoin and ETH that OP mentioned, you are already a rich person in my country and don't need to work anymore. You will have more than enough energy to support your family as well as yourself for the rest of your life.

[Altryist]

Now 2023
10 years later 2033

Now bitcoin price $28000(approx)
10 BTC = $280000
It is impossible to accurately predict what Bitcoin will actually do, but many experts believe that after 2030, Bitcoin will have a market cap of $500,000.
If it would possible then 10 BTC for retirement is highly enough.
10 btc will not be enough for retirement if the market price of bitcoin falls after 2030. But based on the competitive Bitcoin demand it is true that the market value of Bitcoin will increase a lot in the future.

In fact, you need to build on how much money you need in order to achieve financial independence. Bitcoin can be one of the components in your investment portfolio to diversify your investments and feel more confident. And then everything is very individual, for someone a few hundred thousand dollars will be enough for a comfortable life, someone needs a million for this. A lot can change in ten years, but I think everyone will feel more confident if they have a few bitcoins in their wallet.

[CoinEraser]

I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

I think this question of whether 10 btc and 100 eth will be enough to retire in 10 years no one can really answer and me and everyone else in this thread can only guess as no one can say for sure what price btc and eth will have in 10 years. If everything goes well, in 10 years the prices will be much higher than today. But who can say today what will really be in 10 years? No one!

Maybe 1 BTC will cost over $1 million in 10 years, that can be. But what can $1 million buy in 10 years? Maybe less than today with $100k?! Therefore, we can all only guess if 10 btc and 100 eth is enough. Other factors also play an important role, such as the country you live in, how important luxury is to you, how many people you want to support with the money (big or small family), etc.

Therefore, everyone has to know for themselves how many btc and eth they want to save together. While I think 10 btc and 100 eth might be enough, that's just a guess. 

[doomloop]

I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.

The ultimate goal is to have enough savings for the future, now whether you plan to achieve that by saving up and holding Bitcoins or by investing your earned capital into other businesses to achieve your goal. Some people prefer the first option where they only accumulate and hold Bitcoins and other assets, while some like it more when the money is invested in real-world businesses like real estate, etc.

If I talk about my choice, I prefer both. I believe I should have some of my money in Bitcoin while part of it should be invested in real estate, maybe gold too, and any other business that I find profitable around where I live. That way, I will be profiting from Bitcoin in the long run if the price increases significantly, and I'll also have other sources if it doesn't go very well.

[lousie9]

I don't really rely on bitcoins for my retirement because we never know what will happen to bitcoins in the future, all I do is try to keep collecting bitcoins as long as possible.
and if the future or the next 10 years bitcoin will be very expensive that's very good, and even though the future prospects of bitcoin will be bright but we have to think otherwise.
so the intent and purpose is only to collect as many bitcoins as possible for business capital, buying property or other things that can make money or add value and do it in stages when I get big profits from bitcoin. But that doesn't mean I don't continue to invest, as long as bitcoin is profitable I will continue to do it with other business goals.

Yes, it is not advisable to rely on a volatile and risky asset like bitcoin for retirement. Bitcoin is only suitable as an investment for us to increase our wealth. When making a lot of money from bitcoin investment, we should diversify into safer assets like gold, and real estate for retirement. Don't just focus on bitcoin, it's too risky.

I think the statement that you convey is very true and I completely agree with you. at this time we may have faith in Bitcoin because indeed at this time we may have been helped a lot because of Bitcoin but we also have to think realistically because we cannot predict exactly what the future of Bitcoin will be.
we must be wise in managing our wealth and we must not only focus on only one way of investing. there are many other ways of investing, we also have to be smart to take advantage of opportunities in other investments as well so that if one of the methods of investment we make decreases in value, there are still reserves from other investments.
but apart from that, in my opinion, from our basic human nature, we will never feel enough when it comes to wealth, but all of this actually depends on what habits or lifestyle we have.

[Bollexz1]

I will start by saying that's wise of you for having part of your wealth stored in bitcoin and also for choosing the cold storage wallet as exchanges could be messy at any given time. But nobody can be double sure of how much you would be needed for retirement, so gather up as much as you can and play your retirement well.

[bussybuddy]

First I see you have a mindset that I think needs to be eliminated in a developed society. We are all born with rights and obligations to develop a better life right now. So I think many people set a material goal for themselves in the future to reach and think that is the end of each person, open your mind and accept new knowledge. You can be comfortable if you have no attachment to money, fame, the joys of a mediocre life, etc. So thinking how much is enough for others will never be true to your own, and don't look too far, just like thinking about you will surely die, money to make you happy is just a pile of paper.

[ancafe]

With prices starting to slowly rise again (not sure if I really like that, always have the feeling to never have enough), what would you think
is enough to retire in 2032? I know that nobody can tell that with certainity, but would love to hear your estimates:

You can make purchases whenever you want, no one can say for sure how many assets we should provide for retirement, because price fluctuations make bitcoin go up and down under certain conditions, If you start buying bitcoins slowly and keep increasing your investment, then in the long run this pattern is the best choice.

Hey guys
I think 10 BTC and 100 ETH would set you up for good, so once that is reached, I would stop accumulating, what is your plan?

Enough or not is actually relative, for some people 5 BTC and half of 100 ETH is far enough, but if you compare it with other people it is not necessarily enough with the calculation of the needs and income of different people.

It will be very difficult to stop when people are already benefiting from investing in bitcoin and there is no point in you setting sufficient standards for the investment targets you want to achieve, a systematic value and you can add more assets if you have the opportunity, whereas if you stop it will only be enjoy the results that are already there.