How many BTC needed for retirement in 10 years?

[uknowy9999]

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?

[1714199152]

1714199152

[1714199152]

1714199152

[retreat]

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?

In my opinion, there is no measure of how much money a person needs to be able to retire and enjoy their money in peace, because it all relates to one's needs and lifestyle. If you are a fairly simple person and have a lifestyle that is not too high, I think the amount of 10 BTC and 100 ETH is enough, but if you have a lot of needs and the lifestyle you have is also high, like you want to have a ferari or a luxury house in the elite area, 100 BTC in my opinion will not be enough either.

[UserU]

Realistically speaking, many are unable to retire comfortably with BTC fluctuating rates.

Currently 10 BTC and 100 ETH are roughly 282,000, and 180,000 dollars respectively. Combine both and you're still short of 500K assuming that the bullruns don't further dilute your holdings. That is if you are able to continue buying while maintaining some spare cashflow for daily expenditures.

I'd just go with whatever amounts that suit my fancy. There are other assets that will continue to appreciate so the amount of BTC don't matter to me.

[fuguebtc]

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?

You must be a very rich person, and your goals are too high if you ask me. I guess these days, owning 1 BTC is extremely difficult for many people, let alone 10BTC and 100ETH. The goal of accumulating assets for retirement will depend on each country and each person's life needs, with your goal, for example, I never dared to think about it because it is a huge amount of money. In my country, if I get that fortune, I won't need to work from now on and can live the rest of my life without many worries. That's too much money to retire.

[Nwada001]

10 BTC and 100 ETH which is not small money in my country here, but you can calculate what you see as enough depending on your financial status and what you earn monthly, weekly, or annually. For an average guy like me, this amount is really enough for crypto retirement, adding to other forms of assets that you might have accumulated before your actual retirement date. And if you are lucky enough before retirement, both coins might have doubled in price, which will be a lot of money compared to what they're currently worth.

[Z390]

Years ago, it is easy to buy 10BTC but today you have to be a millionaire to be able to buy 10BTC, it is not too late though, you can still strive to get 0.5BTC to 1BTC because, in the next 10 years time, it will be almost impossible to be able to afford 1BTC because the value will be much more premium than what it is at right now. 

1BTC will bring your dream right to your door very easily, because who knows, maybe the 500k price mark for Bitcoin is achievable in the next 10 years to come.

Keep Grinding.

[Dr.Osh]

-snip-
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?

for now, 10 bitcoins and 100 ethereum is a lot of money. we assume that bitcoin and ethereum prices will be very high in the future. meaning, you need to have a lot of money to accumulate that amount before retiring in search of bitcoin or ethereum. actually it's a good value, but if that's your target, then you need to set it up from now and take advantage of the bear market to get a cheap price. Personally, I don't know how much is suitable for retirement, but as long as I can still earn from it, I will continue to try to make it.

[hugeblack]

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?

If you intend to invest about 300K USD, it is better to ask an expert for 500 dollars instead of a multinational forum.
In general, the amount is considered relatively large for the majority, and therefore it is a good long-term investment if you do not intend to use that money until after 20 years or more.
As for the return, where are you? and can you get a higher return through other investments or not? If that money is surplus to you and you are not afraid of losing it, then go a head and HODLING.

[pooya87]

It is extremely risky to bag hold altcoins in general, it is even riskier if the altcoin is centralized, flawed and most importantly has an unlimited supply such as ethereum. In 10 years, it may not even be around let alone be worth higher than this. Not to mention that the past 5 years that ETH has been dumping consistently (from 0.15 to 0.06) has proven that it has no long term potential.

As for bitcoin, the way I wouldn't rely completely on bitcoin for retirement. In 10 years with the way inflation is going and if the adoption is slow and price doesn't go that high you may not have enough bitcoin to retire comfortably. In most countries the cost of living is already huge and is increasing fast.
It is best to diversify into other assets and I mean real assets not altcoins.

[pgbit]

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?

In my point of view it really depends on your individual goals and needs. If you want to retire in 2032, you should consider how much you will need to live comfortably and plan accordingly. Are you looking to retire completely or just reduce your working hours? Do you need to cover your retirement expenses as well as your cost of living? These are all important considerations when planning for retirement.

[vitya1982]

That's a tough question and depends on a lot of things. Where do you live, how much do you spend, do you have other investments and etc? You're the only one who can answer that question, especially because no one knows how much BTC will be worth in the future.

[SquirrelJulietGarden]

If you don't know, let's explore Bitcoin controlled supply. In next 10 years, after next 3 halvings about 98% to 99% of Bitcoin total supply will be mined in 2032 to 2036.

I believe that with 0.5 BTC to 1 BTC, you can get rich enough to think of retirement. You must work to accumulate enough BTC in coming years and be disciplined to hold your BTC like a Bitcoin maximalist.

It is not easy for many people to accumulate enough 0.5 to 1 BTC so if you can do it, you make a great job! A second part of your job is holding it.

[rat03gopoh]

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?

What kind of lifestyle will you take?
The calculation would be equal to (average annual spending+6% of average annual inflation)*10 years. In my neighborhood, at a low-medium economic level, it's $200 monthly fees so that would be $2.64k a year or $26.4k for 10 years of life spending.

Then 1 bitcoin will be enough if you live in my country. The adjustment will be easier if you can reduce some unnecessary cravings.

[cryptoaddictchie]

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?

Is this considering never gonna be able to work again or do business? Then why limit to 10 btc and 100eth. If its me, Id say 1k bitcoin and 10k eth at least, but reaching this figure needs a lot of time and works or yet to say luck to have gained more than what you could do in a lifetime. But it will always depend on btc or eth value isnt it. Let say it reaches 1 btc= 100k; 1eth=10k then I have 1k btc then thats gonna be a lot of avtivity in life without worrying.

[Cuenta Alternativa]

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?

My plan is not to retire. Even if I accumulate many millions, after some time traveling and so on, I would work but with my own projects. People dream of having so much money so that they don't have to work that they are not aware that those who get it, one of the following two things happens to them:

1) After a season on the yacht and playing golf, they get bored and decide to go back to work creating their own entrepreneurial projects.
2) They end up turning to alcohol and drugs, which usually has a bad ending.

This talking about young people, if you are 60 or older, it is more normal to retire and dedicate yourself to a contemplative life without getting bored or ending badly.

[Cuenta Alternativa]

answering your question, 1BTC (at current price) is good enough for those who live on developing/third-world county with simple lifestyle.

What period of time are you referring to? I think you are either referring to being able to retire in those countries, which no matter how cheap life is there is going to be impossible if you retire at 50 and we assume you live until 70 with only 1 bitcoin, and if you mean let's say one year it seems a bit high for a poor country. Unless you mean the former but counting the return it will have in the future, but you will still face volatility.

[maydna]

I still want to collect more bitcoins for now and even if possible, I want to have more than 10 BTC and more than 100 ETH. But I don't know when I will be able to have that amount of BTC and ETH but I will keep trying hard.

Maybe in developing countries, having 10 BTC is more than enough to be passed on to posterity and they will not lack anything in their life especially if they can develop their skills and abilities to add more bitcoins. And I think more bitcoins would be better for us because there is a possibility that bitcoin will become more expensive.

[Bananington]

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 amount that will be okay to retire with is purely based on how much and your expenses as an individual. Only you can decide how much will be okay for you since you are actually the only one that knows exactly how much you spend. If you say 10btc will set you up for good, then that is the amount that you have planned and put in mind, it will be okay for you but you also need to consider some other factors like if your expenses will be larger at retirement than you predict.

[Marvell1]

In general, the more bitcoins you accumulate, the more comfortable you will feel in retirement. But I think it would be too risky to concentrate all your retirement money on a volatile and risky asset like crypto. I agree with what pooya87 said, you should diversify your assets with assets other than crypto. In case, if your crypto investment crashes and you don't diversify your assets then your retirement dreams will disappear. Don't forget that bitcoin or ETH are both very risky.

[Maus0728]

I simply stack whatever amount I can on a weekly basis, which comes from signature campaigns and other work-related stuff that lets me earn cold hard cash. I plan to continue doing this for as long as I have the means to buy BTC.

It's not that I have no concrete plan for establishing a retirement fund, but perhaps I'm too lazy to think about how much bitcoin I'll need for my retirement.

But one thing is for sure: those weekly bitcoin stacks could potentially grow into millions, rather than saving it up in a bank. It may not provide the most luxurious life when I get old, but it could certainly give me decent comfortability to spend for the rest of my life.