Survey : How much btc do you need for retirement?

[Cookdata]

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 have the means where stream of money will be coming from, my aim and target will not be retirement, it will be DCA until I had enough or don't have funds to buy again. I don't know when I am going to retire but I know I'm going to be here for long and as long as my health isn't compromised by any sickness or any failure, I will be here while it last, I can only imagine what the price of Bitcoin is going to look like by that time but like I said, the challenge is stream of funds.

In the next 10-15 years, you will think that amount of Bitcoin will be enough but then the price of things will not be the same again and not only that, the life style transition. The things you like today and you want to afford that you couldn't might be what you will like to have again in the next 10 years, a decade is enough to see the world changing just like we see the difference between 2010 and 2020 and same way we will see 2030 with new things but will be expensive.

[coolcoinz]

It greatly depends on what you're planning to do when retired and what your status will be at that time. For instance, some people like to travel and they don't need a house, or a car. They will live in rented flats all over the world. On the other hand there are people who want to settle and have a house, 1 car per family member and be able to afford to travel once a year for a week or two.

In my case, I already have a house and I don't want to buy a downtown apartment. I'm happy living in the country. in 20 years, I expect that bitcoin will be worth over $1 million, so at that point just 1 BTC will suffice for my needs. I currently spend maybe $10k on food and bills per year, so just $100k would pay for 10 years of all my expenses and I expect in those 10 years of retirement bitcoin will grow even more.

If you're planning to retire in more than 20 years, 1 BTC will be enough to live a normal life until the end of your days.

[batang_bitcoin]

I've got the chance to have at least 10 bitcoins in the past but the ignorant and idiot me made me sold a lot during the early days. Well, like everyone's story of selling too early because of FOMOing because we thought that it would crash to death but they're all noise. At least owning 1-5 Bitcoins would make you a millionaire maybe after few more years and that's enough for retirement given that you have some other source of income that generates passive or active money with lesser efforts.

[nullama]

Bitcoin is global, so this question needs to be answered globally.

- The global median income is around $10,000 per year.

- People earning above $20,000–$30,000 per year are already in the top 10–15% globally.

- People earning above $50,000 per year are in the top 1–5% globally.

Let's say you are comfortable with earning $50/day or about $18,000+ per year, that means about 1 billion people would be in this situation.

So, can they all have one Bitcoin?, not really, as there's only 21 Million of it.

Each person would get 0.021 BTC. So, that's one answer.

This is assuming all these relatively rich people decide to invest in Bitcoin, and that the rest of the population isn't part of this.

Of course it's not going to be like this, so you will probably need more, so let's say 10-100 times more, leading to an answer of a range.

You would probably need to have between 0.21 and 2.1 BTC

[tottong]

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?

The more the better because it will grow much greater value for the growth of the assets we have, but the question is how big is the opportunity to accumulate if someone does not have a good strategy without adequate capital support.
I think it can be done if someone understands how and we can see the extent of someone's role in getting the right accumulation method with the financial constraints they have.
In some capacity we may be able to make a plan to prepare a much better amount of bitcoin for retirement and it depends on our level of consistency in achieving it.

If we have the intention then I am sure it will be easy to get even using the DCA method in the accumulation process and most importantly done consistently even by buying in smaller amounts.

[Rengga Jati]

I've got the chance to have at least 10 bitcoins in the past but the ignorant and idiot me made me sold a lot during the early days. Well, like everyone's story of selling too early because of FOMOing because we thought that it would crash to death but they're all noise.

You mean you ever had 10 Bitcoins in the past? It is better to forget it because you won't get any advantage to remind it, you only will feel to regret it so much. At that time, I can understand that you didn't dare to hold it for a long time because Bitcoin wasn't proven as a trusted digital asset as today. So, it is normal, you don't need to say that you're idiot.

Bitcoin is global, so this question needs to be answered globally.

I don't think so. OP asked the question individually, so the answer will depend on each person. Each person may have their own standard about the number of Bitcoin to have. So, there is nothing wrong if you want to answer according to your point of view.

[Princess Leah]

I've got the chance to have at least 10 bitcoins in the past but the ignorant and idiot me made me sold a lot during the early days. Well, like everyone's story of selling too early because of FOMOing because we thought that it would crash to death but they're all noise. At least owning 1-5 Bitcoins would make you a millionaire maybe after few more years and that's enough for retirement given that you have some other source of income that generates passive or active money with lesser efforts.

Bitcoin was very cheap at earlier stages, lots of people sold at lose cause they were very ignorant of the future, they never thought the new innovation would be a life changing opportunity in years to come else i believe they would've taken it very seriously, anyways i don't realky blame them cause someone bought 1pizza with thousands of Bitcoin back then so i  believe ignorant played a role too.

 Anyways i like that you're not very greedy i feel so cause 1-5 Bitcoins if held for a longer period would turn into something more profible, well a lot of people in my county would sell immediately they're given such amount, it's a life changing opportunity and the present economic Situations would make anyone to sell, on the other hand it would be more better to sale some portions if not everything.

[batang_bitcoin]

I've got the chance to have at least 10 bitcoins in the past but the ignorant and idiot me made me sold a lot during the early days. Well, like everyone's story of selling too early because of FOMOing because we thought that it would crash to death but they're all noise.

You mean you ever had 10 Bitcoins in the past? It is better to forget it because you won't get any advantage to remind it, you only will feel to regret it so much. At that time, I can understand that you didn't dare to hold it for a long time because Bitcoin wasn't proven as a trusted digital asset as today. So, it is normal, you don't need to say that you're idiot.

I think almost or exact as that. I have already moved on and those were the times when Bitcoin was totally cheap. This is just a discussion and so it reminded me about it. There is no regret anymore because whatever is in the past, remains in the past. I still have some in hold but I can imagine how life will be with that small amount of Bitcoin. There are even people in here that have 100+ Bitcoins in total holdings and they're living now like a king.

I've got the chance to have at least 10 bitcoins in the past but the ignorant and idiot me made me sold a lot during the early days. Well, like everyone's story of selling too early because of FOMOing because we thought that it would crash to death but they're all noise. At least owning 1-5 Bitcoins would make you a millionaire maybe after few more years and that's enough for retirement given that you have some other source of income that generates passive or active money with lesser efforts.

Bitcoin was very cheap at earlier stages, lots of people sold at lose cause they were very ignorant of the future, they never thought the new innovation would be a life changing opportunity in years to come else i believe they would've taken it very seriously, anyways i don't realky blame them cause someone bought 1pizza with thousands of Bitcoin back then so i  believe ignorant played a role too.

 Anyways i like that you're not very greedy i feel so cause 1-5 Bitcoins if held for a longer period would turn into something more profible, well a lot of people in my county would sell immediately they're given such amount, it's a life changing opportunity and the present economic Situations would make anyone to sell, on the other hand it would be more better to sale some portions if not everything.

That is right, it was cheap before and whoever has got some money are able to buy that. I was an idiot and did mistake because who will ever know that Bitcoin reach such highs, right? Now, Thinking of or having 1 Bitcoin is a luxury already.

[dunfida]

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.

We dont know on what the future brings on which in regarding on the question on how many Bitcoins would really be that enough? There's no such thing about enough because we will really be that targeting or would really be that liking to have as much as possible because human beings are naturally greedy on which simply means that the more coins that we do have then the more better. When it comes to price there's no way that it could be known but to assume out about its potential then 10-20-30 years from now will really be having that positive outcome or results when it comes to value on if we do possess out tons of coins then there's no way that we would be problematic about financial aspects.

For me then i would say that 100 Bitcoin will really be that enough or i can say that even into this current price then it should be sufficient but just like on what i have said above that there's no such thing about enough coins because as much as possible on the moment that we've seen up on what we can be able to grab then we will be that doing it as much as possible. We are that aiming for having that assurance that we can live without having any problems.

[Raflesia]

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?

The more the better because it will grow much greater value for the growth of the assets we have, but the question is how big is the opportunity to accumulate if someone does not have a good strategy without adequate capital support.

Yep in the end the bigger it is, of course the better the potential especially for the long term but in this case I actually don't really like pegging how many bitcoins we have to have because in the end even though on the one hand it's pretty good to keep some things like enthusiasm and motivation awake but on the other hand this can also make us burdened if we are too pegging the bitcoins we want to get but our financial condition is not too good to be able to realize it.

It would be good enough if in the end we just do what has to be done by trying to continue to collect bitcoins as much as we can for the future, regardless of the amount we have then it is a positive thing because we have tried as much as possible even though maybe for some people in the end it will be considered too big or too small but it is something we should be proud of because we managed to collect bitcoins as much as possible with our conditions for the future to be better.

[Apocollapse]

Yep in the end the bigger it is, of course the better the potential especially for the long term but in this case I actually don't really like pegging how many bitcoins we have to have because in the end even though on the one hand it's pretty good to keep some things like enthusiasm and motivation awake but on the other hand this can also make us burdened if we are too pegging the bitcoins we want to get but our financial condition is not too good to be able to realize it.

If you think the bigger is the better, I'm sure you will never retire because you keep thinking to make money.

But, that's fine because there are people who workaholic, they choose to work instead of retiring even they have money. I think 100 Bitcoin are enough for any people in this world, 10 Bitcoin is too small for developed countries, it's just $1 Million while housing price are around $300K-$400K, that's already consume 3-4 Bitcoins, not to mention about car and other thing.

[SquirrelJulietGarden]

If you think the bigger is the better, I'm sure you will never retire because you keep thinking to make money.

But, that's fine because there are people who workaholic, they choose to work instead of retiring even they have money. I think 100 Bitcoin are enough for any people in this world, 10 Bitcoin is too small for developed countries, it's just $1 Million while housing price are around $300K-$400K, that's already consume 3-4 Bitcoins, not to mention about car and other thing.

Before your retirement, and after retirement, you always need a reserve for urgent needs like emergencies with accident, healh issues, catastrophe. You can not store all your money in bitcoin and when you have emergency, you have problem to make your payment for something. Note that your bitcoin can be stolen if your storage and backup methods are not safely and secure enough.

You can work and accumulate your bitcoin with time, slowly or fastly but make sure to have reserve like I said above. Don't mind too much about how much money or bitcoin you need to have before your retirement. This number can be changed because you can be adaptive in your life. Let it be, work, investment, and be prepared for your retirement. Don't create big pressure on yourself and derail your Bitcoin investment to altcoins or trading because you need to have too big fund for retirement.

[aoluain]

This is a matter of relativity!

If you are retiring now at retirement age with Bitcoin priced at average $100k you would probably
need . . . IDK 3 Bitcoin which would probable last you between 6 and 8 years.

But here is the kicker, its really difficult to answer the OP's question because it only throws up more
quesitions

What are are you retiring at?

What sort of lifestyle do you plan on living, will you need $50k per year or more?

How do you view the Bitcoin market in the future?

Also we need to remember - when we decide to retire we are not going to liquidate our wallets on
day 1 of retirement, we live day to day, week to week as it is and this isnt going to change because
we decide to retire.

[Etranger]

I have too much time left until retirement, so I can’t say exactly how many bitcoins I would need for this purpose. Since I don’t know my future needs, I haven’t achieved everything I want and believe in yet, and my standard of living will depend on this. So I would like to talk more about how many bitcoins are needed to ensure a quality life and realize my own ambitions and goals. Not just to live on this money without working. But to invest it, put it into use and have the backing of my ideas.

[Sim_card]

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 don't know how many bitcoin would be enough for me to reach that fuck you status, whereby I don't need to work for anyone since my bitcoin hodlings is enough to take care of whatever I want till death. I feel 10btc will be enough but very difficult to accumulate overtime with DCA, because bitcoin price keeps on increasing overtime. However, I wouldn't love to depend on my bitcoin investment alone after retirement because I will set up other means of income.

[kryptqnick]

I think that depends on when you retire, but I see that many chose the same option as I did, which is 1 BTC. I do believe that Bitcoin can easily cost hundreds of thousands of dollars, perhaps even a million dollars in the future. And if you believe you'll live for 25 years after retiring, and that you need, say, $1k per month to cover your expenses (but that depends on your country, of course), then it's $300k for retirement (or more), which is a reasonable prediction of a future BTC price. And having that much money set out for retirement is quite good.

[tottong]

It would be good enough if in the end we just do what has to be done by trying to continue to collect bitcoins as much as we can for the future, regardless of the amount we have then it is a positive thing because we have tried as much as possible even though maybe for some people in the end it will be considered too big or too small but it is something we should be proud of because we managed to collect bitcoins as much as possible with our conditions for the future to be better.

The bigger the community that is built, the better the journey of bitcoin will be even though in the end the price will not be as volatile as it is now, but in terms of growth this will make bitcoin one of the best that has ever existed.
Nothing is impossible because it concerns ownership, it can continue to be accumulated according to the capital we have and the advantages of investing in bitcoin can actually be run according to the capital we have without having to force it excessively.

There are many methods that can be adjusted for accumulation patterns and it depends on how we try to run it, thus we will continue to get the opportunity to collect it in a much more appropriate way.

[fikrett]

I do think we all know what will be with BTC in 10-20 years.
More value built into it 
So 1-5 BTC when a person would retire would probably be enough, question is how much one would work towards it.

[nullama]

I do think we all know what will be with BTC in 10-20 years.
More value built into it 
So 1-5 BTC when a person would retire would probably be enough, question is how much one would work towards it.

Since Bitcoin is volatile, of course the best course of action is to buy more when it dips.

And keep buying a certain amount independent of the price, because maybe it will never get below a certain price.

It's like saving in the end. It's an asset that appreciates over time.

[Rengga Jati]

I think almost or exact as that. I have already moved on and those were the times when Bitcoin was totally cheap. This is just a discussion and so it reminded me about it. There is no regret anymore because whatever is in the past, remains in the past. I still have some in hold but I can imagine how life will be with that small amount of Bitcoin. There are even people in here that have 100+ Bitcoins in total holdings and they're living now like a king.

It is amazing, but it is true that you must forget it. You should thank to the God that you still have some of the Bitcoins. There are many people who want to have the Bitcoin but they have no chance to get the Bitcoin because of many reasons. So, we should feel happy if we have some of the Bitcoin although it is not a big number of Bitcoin.

It is not surprising if there are people in this forum who have big number of Bitcoin. Satoshi was in this forum, there must be people who bought or got the Bitcoin from Satoshi as rewards. Anyway, do you mean the people come from our country or from other countries? You're from Indonesia, right?