Survey : How much btc do you need for retirement?

[taufik123]

I don't know how much Bitcoin will be needed for retirement, it depends on how everyone is doing and how they use it, the needs of others will vary.
1 BTC may be enough for me, but not necessarily enough for some people, Even 10 BTC will not be enough for someone who is too consumptive in his life.

Owning 10 BTC may be the most sensible and achievable for some people,
it will be a long-term asset for retirement as the price of Bitcoin continues to move upwards.

To be honest, I am not targeting how much BTC I will need for retirement,
it depends on the conditions and when of course there will come a definite number for me to need, it will keep changing but 1 BTC is the most affordable.

[Zoomic]

Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years, how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?

Do you think this is an achievable goal?

I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.

Estimating this is quite difficult. Personally, I do not wish to rely solely on Bitcoin during retirement. I plan to own other investments, such as real estate and other tangible assets, alongside my Bitcoin holdings. With this approach, I believe I can live comfortably with 5 BTC since I won’t be depending on Bitcoin alone. This would also give my BTC the opportunity to appreciate and provide good returns. I can't imagine depending on just BTC which I'll have to withdraw at intervals to pay my bills.

I think this is just the best way to go about it since we can't really predict the future to know what it holds for us. Putting all our eggs in one basket (I.e relying on btc alone) might really be a risky decision to make.

[Nwada001]

Any amount of bitcoin that I can save up will do me for my retirement, but if it's an option that I'm being offered to choose, which amount will be enough for me to go for? I won't go for less; 10 BTC is a very big amount of money that can set someone up in my country and also keep a generational wealth if you manage it very well, but if I'm also offered that 100 BTC, it's a treasure that my 2nd generation will leave to enjoy based on how it will properly be managed.

[Menerever]

Regardless of the quantity, as long as it can established a good and stable business, then good.

Without a proper cycle and good management, even how much Bitcoin we have to support our retirement, it will soon deplete.

In retirement period, it doesn't mean a full relax. Expect many expenses (like medicines, sudden health problems) to the point that we are forced to sell our crypto assets. That's why it's better to make something good out of it so money will continue to flow even at retirement period.

[Alone055]

There is no accurate answer to that question. How can one know which country they will be living in a decade's time? How many family members they are going to have? How will inflation be? And most importantly, what the price of the asset will be since it's volatile?

Life is uncertain; it can take turns you might have never expected, even in your dreams. You might get married, have a family of your own, might even relocate to another country or region, your expenses may rise or drop, and as I mentioned earlier, the price of Bitcoin might be lower/higher than current times, who knows? It's true that we anticipate its price to rise, but none of it is certain.

You said you think 10 bitcoins will be enough for your retirement. What if it's price is around $20k or $30k? Do you think $300k is enough for your retirement to have everything covered?

[Raflesia]

I don't know how to calculate the benchmark of how much btc for retirement because certainly for now I still think that as long as I am still able to collect bitcoin for my future, then I will do that. I don't care how much the benchmark should be set because for me if the benchmark is too small then in the end it will only limit ourselves to collect bitcoin and if the benchmark is too big then it will only burden ourselves with the investment made.

I'm just focusing on collecting regardless of how much it is, it's the maximum I can collect so I don't want to set a benchmark or anything for my future or retirement because I don't think I need to do that right now.
Whatever the amount is, as long as we can afford it then that's ultimately what we should be proud of as bitcoin holders.

[mirakal]

If bitcoin price continue to increase its value, then 1 or 2 btc is good enough. It’s already a huge amount here in my country. However, if there are possibilities to gain more than that, why not? The more btc I have, the more secured and comfortable my future retirement is.

Life is uncertain and we have no control of it. While there are chances to buy and hold bitcoin bitcoin, do it. Even if we can’t benefit it when sudden circumstances arrive, at least we have something valuable that our children can inherent from us, that alone is more of a valuable retirement for me.

[Botnake]

It varies. Bitcoin is highly volatile, so we can’t have full assurance that its value will keep on surging high when retirement age comes. If that’s the case, I wish to have 50 bitcoins if that would be highly possible. My point is, even if its price would fluctuate from time to time, I wouldn’t be totally bothered on it. I think the key here, don’t just focus on bitcoin, learn to acquire other potential assets as well outside cryptocurrency.

[Asuspawer09]

Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years, how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?

Do you think this is an achievable goal?

I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.

I think 10 is a good number and enough for retirement. The first thing that came in my mind is 1 Bitcoin at least realistically,y it seems impossible to reach 10 Bitcoin in my lifetime, but hopefully, I can do the impossible and reach 10 before my retirement, the only way to do that is to have some kind of business for sure, hopefully, in the future, I can start a good one, I mean nothing is impossible at some point we might see something impossible for now, but I've seen a lot of people do the impossible, your not really going to see and it is for sure going to be difficult but your not gonna know if your not going to actually try.

I've seen and been inspired by some people who instantly get rich in their businesses getting a net worth of 19million$ in just 5 years which is probably a record in my country reaching that amount in just 5 years. Still what's important is you getting some kind of progress in your life, increasing your earnings, having a life, career, etc. As long as you are happy and financially free, it wouldn'tt really matter how muchyour retirement ist as long as it is a good number, but higher is better.

[goldkingcoiner]

I don't know how much Bitcoin will be needed for retirement, it depends on how everyone is doing and how they use it, the needs of others will vary.
1 BTC may be enough for me, but not necessarily enough for some people, Even 10 BTC will not be enough for someone who is too consumptive in his life.

Owning 10 BTC may be the most sensible and achievable for some people,
it will be a long-term asset for retirement as the price of Bitcoin continues to move upwards.

To be honest, I am not targeting how much BTC I will need for retirement,
it depends on the conditions and when of course there will come a definite number for me to need, it will keep changing but 1 BTC is the most affordable.

Depends on where you live, how you live and with whom you live.

Is 10 BTC enough to retire in Switzerland, with a family that depends on you? No, it is not. You might live a comfortable life for a decade or two but 1 million will not last forever. However if the talk is about say... Thailand, then obviously 10 BTC is going to bring you a really nice retirement.

[Marvelockg]

do you need so much at retirement if you actually used your working days well? for those of us in nations whose currency is of a lesser value and so has the exchange rate in our Favour, 10BTC is a big deal and can solve most of my retirement needs and that's on the assumption that bitcoin continues to increase in price over the years knowing that inflation is still going to be a big deal as the year progresses. 

at retirement, outside of the bitcoin i hope to have accumulated, i should have built other systems, connection and influence that can serve most of my retirement needs. planning for retirement is not just centered on how much wealth in monitory form we have acquired even though it is still very necessary, other things like the right and healthy relationships that will keep you up and doing even at retirement are essential things to build before retirement, so boredom don't set in and quickly sends one to his grave before time.

for someone that hopes to retire in likely 20 years' time or so, 10BTC that is valued at two times it current worth will be a good place to be.

[lovesmayfamilis]

I like your wishes, OP; I think we would all gladly accept so many bitcoins that in retirement, as many say, "start living for real.". But seriously, today's life in my country is quite expensive, and if we talk about the age of retirement, the prospects that one day everything will change, one should not expect. Therefore, you are right; the more we can put in our safety cushions for the future, the wiser we will look among our peers and independent of our children. In my country, it is customary for children to take responsibility for the maintenance of elderly parents, but I see how much care confuses my parents; I would prefer not to be in their position. I voted for 10, and I hope that one day my thoughts will materialize .

[BenCodie]

It really depends on how goods and services will be priced in Bitcoin if fiat ever disappears or is no longer the primary tool to value goods and services. The general benchmark is 2.1 BTC, which a maximum of 10,000,000 people can possibly hold, which based on approximate world population of 8 billion, puts you in a group of .125%. Maybe an extra .1 - 1 BTC to cover a nice lifestyle, and you'll be able to keep some for the next generation too Sounds far fetched, but hey, $100,000 sounded far fetched to some 10 years ago right?

[Wexnident]

~

I reckon by the time I retire even 1 BTC would be enough, let alone 10. Granted I still took 10 . I read somewhere that if you wanted to retire, you'd want at the minimum 25x of what your annual income is. And I reckon that's just the minimum! Granted I'd probably have a lot more success if I calculated what my monthly average costs were and calculated from there.

Personally think it's not. BTC seems like it's only going to appreciate after all and with where I am right now, don't really see me buying 10 BTC. I mean I probably can at some point, but that'd require me selling almost everything I would've bought and earned (in the future that is), and we all know that's a pretty bad idea.

[suzanne5223]

Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years

I think it depends on the country the person lives in, financial responsibility, and personal beliefs, or ambitions.
Some people can live in the most expensive country in the world and manage 0.5 for years after retiring because s/he  make the BTC fench more money.

how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?

Do you think this is an achievable goal?

I believe 2.8 BTC is more than enough. I personally believe 1.8BTC out of the total 21 Million BTC is longterm while I use 1BTC for investment that will secure daily expenses.

[taufik123]

Depends on where you live, how you live and with whom you live.

Is 10 BTC enough to retire in Switzerland, with a family that depends on you? No, it is not. You might live a comfortable life for a decade or two but 1 million will not last forever. However if the talk is about say... Thailand, then obviously 10 BTC is going to bring you a really nice retirement.

Developed countries with large incomes or quite expensive living costs certainly require a lot of money to be able to make a pretty calm pension.
I also say that this depends on how the condition of each person, because everyone also has different needs.

If in Switzerland 10BT is still very minimal, then in Indonesia where I live it becomes a very safe pension fund,
that 1BTC is also quite safe for decades, with a note that no luxury items are bought, only for the necessities of life.

[RockBell]

Any amount of bitcoin that I can save up will do me for my retirement, but if it's an option that I'm being offered to choose, which amount will be enough for me to go for? I won't go for less; 10 BTC is a very big amount of money that can set someone up in my country and also keep a generational wealth if you manage it very well, but if I'm also offered that 100 BTC, it's a treasure that my 2nd generation will leave to enjoy based on how it will properly be managed.

And you can not have a exactly a specific amount that will make you comfortable because aside the amount you putting the quantity of what you have will be the one to determine what you have, were the challenges will be is that bitcoin is not cheap amd is not something that you will mention the amount you want and it will be easy to come through it is not always like that and have 10 bitcoin at this point is no child's play but once the resources is there to buy then your problem is solved.

And what makes you have 10 -100 bitcoin you have less financial problems if you know how to spend money then for a very long time I don't think anyone should be having problem with money because that should be more than enough to sustain you financially during retirement because a lot of us have plans but one of the things that is keeping us from accomplishing them is not more than funds.

Planning is the key but when we decide to live in reality because I won't even lie I don't know what the future entails but afford that amount of bitcoin is no play.

[Nothingtodo]

Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years, how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?

Do you think this is an achievable goal?

I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.

I live in a country where most people don't know about Bitcoin. Investing in Bitcoin is considered illegal in my country. If I had saved the amount of money I have earned so far in Bitcoin, I would definitely have more than 2 Bitcoins. I spent the amount of money I earned immediately, so I don't have any Bitcoin holdings as of yet.

[Becassine]

Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years, how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?

Do you think this is an achievable goal?

I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.

I live in a country where most people don't know about Bitcoin. Investing in Bitcoin is considered illegal in my country. If I had saved the amount of money I have earned so far in Bitcoin, I would definitely have more than 2 Bitcoins. I spent the amount of money I earned immediately, so I don't have any Bitcoin holdings as of yet.

If bitcoin is illegal in your country, do you buy or spend it online? Do you exchange it in PtoP? What are the penalties if you hodl bitcoins?

[ndutndut]

Depending on your age, the size of your family, inflation, the country you live in and, of course, without knowing what the btc will worth in 10, 20 or 30 years, how many btc do you estimate you'll need to secure your retirement without the help of the state, private insurance or your family?

Do you think this is an achievable goal?

I'd like to have 10, but I know that's impossible, even if I have no idea what the btc will be in 10 or 20 years.

If I imagine, of course I want to have a lot of bitcoins for my old age. But I am also realistic, bitcoin is very expensive for me right now, even to get 1 bitcoin is very difficult, I do dca every period but I am not sure I can save it in the next 20 years. Because I don't know my economic or financial condition in the future and of course I invest in bitcoin, there must be a target, especially every four years we will experience bitcoin halving and of course here there will be very great market dynamics before and after halving. But even so, I will still make bitcoin a future asset, although when the target is reached, I will not sell it all, there must be something I hold.

If in the future my finances start to improve, maybe my strategy will change. But for me right now, I am just being realistic, not forcing my financial situation too much. However, I still hope and try that in the next 10 years I will have 5 or more bitcoins because with the development of bitcoin as it is now and many countries are trying to adopt bitcoin, of course bitcoin assets in the future will be a rare asset so the more we hold bitcoin the better.