How many bitcoins do I need to retire in 20 years?

[futureofbitcoin]

Depends on what stage of your life you're at now. For a recent college grad with maybe 5,000 in savings, putting all of it (or even taking out a small loan) in bitcoin is not that bad. Even if they lose it all, they can earn that money back in a year or less. The downside is limited, but the upside could be huge. Why not make that bet?

But if you're already 40-50, you don't want to sell your house and put it all in bitcoin.

[winchancer]

That's a lot! LOL

[micky123]

Depends on what stage of your life you're at now. For a recent college grad with maybe 5,000 in savings, putting all of it (or even taking out a small loan) in bitcoin is not that bad. Even if they lose it all, they can earn that money back in a year or less. The downside is limited, but the upside could be huge. Why not make that bet?

But if you're already 40-50, you don't want to sell your house and put it all in bitcoin.

I agree with your point of view too. You sub-consciously think of your own situation when responding on these forums and that's what has happened here  . I just hit 31 yesterday, so im still below the target age that you specified. It is always good to start a retirement fund when you are young. Smaller contributions could go in initially and as and when you grow in your career you can start saving up more money for the fund. I started saving when i was 16, that's fairly young. When people were busy frittering away their allowance, i was saving part of my allowance (which wasn't really that much, btw) and still having a good time. I used to skip one movie a month and that saved me like $2 back in the day. I slowly started investing money in certain ventures and if not for a business setback i would have owned more than a 1000BTC (maybe even more if i was an early adopter) at this point in time. It makes sense to start young, albeit with smaller amounts (like 10% of allowance a month).

[manselr]

Depends on what stage of your life you're at now. For a recent college grad with maybe 5,000 in savings, putting all of it (or even taking out a small loan) in bitcoin is not that bad. Even if they lose it all, they can earn that money back in a year or less. The downside is limited, but the upside could be huge. Why not make that bet?

But if you're already 40-50, you don't want to sell your house and put it all in bitcoin.

The problem is being college aged like me, but having no money to invest in anything, which is most college grads nowadays unless they come from well off families.

[BootstrapCoinDev]

The way I try to figure it is to look at the expenses you have now and adjust for the changes you know will take place by retirement. Such as having no mortgage or other debt, whether you plan on downsizing your house or not (if you do your utilities will change), and not having any kids at home, once you make those adjustments that will give you the amount to live in retirement at your current lifestyle, then you need to decide what you are going to do during this time and adjust for that (if you plan to travel or start a hobby).

[Samperio]

Well, the younger you are, the more you can invest in Bitcoins because even if you loose it all, you can make it back quickly.

That sounds reasonable from a personal welfare point of view.

On the other hand, bitcoin economy should take off if more mature investors do not merely SAVE on bitcoin, but INVEST in it. I mean 40-50 somethings, already savy in regular business, and teamed up with some of those 20-30sthgs looking forward to work (not that much to invest) in the bitcoin economy.

While my previous paragraph really doesn't answer the original question for the post, it is initimately related to the economical basis of even trying to save in BTC. If bitcoin economy doesn't take off, well, the 20-30sthg who put some wealth in BTC will simply shrug her shoulders.

Me counting months backward to my 40s... so I shall work and invest. :-D I promise only my 40th birthday will be spent in a quantum investorworker state.

S.

[Possum577]

At the current price of $297, I'd say you should have at least BTC15,000 to retire (that equates to ~$5,000,000). It's certainly possible to survive in retirement for less, but why retire (if you don't have to) if you can't enjoy it? A $5M target protects you from inflation of prices and the longevity that a healthy and happy retirement will provide.

If you want to live without a worry I'd work to get double that amount, BTC33,670!

[rikkie]

At the current price of $297, I'd say you should have at least BTC15,000 to retire (that equates to ~$5,000,000). It's certainly possible to survive in retirement for less, but why retire (if you don't have to) if you can't enjoy it? A $5M target protects you from inflation of prices and the longevity that a healthy and happy retirement will provide.

If you want to live without a worry I'd work to get double that amount, BTC33,670!

That is good count.
But it is dangerous to keep the amount in bitcoin when you retire.
You never know that one day the price goes down and down ...
It's a bit risky to let everything in BTC. I should sell a big part for dollars. You never know.

[jemsmuhamad]

lol storing bitcoin for retirement plan.
but its good idea i think.
in the future, bitcoin price maybe up to $1 billion, who knows?

[azguard]

Keep some amount of btc is ok but on different locations or markets if hack come up you wont loose bit maybe some small amount
for retirement maybe but you never now what will be the price of btc

[randy8777]

lol storing bitcoin for retirement plan.
but its good idea i think.
in the future, bitcoin price maybe up to $1 billion, who knows?

what have you been smoking? 1 billion per coin? really?
i guess a fair estimate is around $30.000 per coin in the future. but it definitely won't happen soon.

[gentlemand]

You guys are overly positive about the prices. Even $5k a coin would be an incredible achievement. Remember that it's a technology based on computers and internet and not many people still have these things.

Hmm. Those figures still look pretty nifty. There are already technologies that allow BTC use with SMS. That accounts for another swathe of people.

[manselr]

At the current price of $297, I'd say you should have at least BTC15,000 to retire (that equates to ~$5,000,000). It's certainly possible to survive in retirement for less, but why retire (if you don't have to) if you can't enjoy it? A $5M target protects you from inflation of prices and the longevity that a healthy and happy retirement will provide.

If you want to live without a worry I'd work to get double that amount, BTC33,670!

That is good count.
But it is dangerous to keep the amount in bitcoin when you retire.
You never know that one day the price goes down and down ...
It's a bit risky to let everything in BTC. I should sell a big part for dollars. You never know.

You are gambling by keeping everything on BTC and you are gambling by keeping everything in dollars, you should hold both.

[networthsigns]

At the current price of $297, I'd say you should have at least BTC15,000 to retire (that equates to ~$5,000,000). It's certainly possible to survive in retirement for less, but why retire (if you don't have to) if you can't enjoy it? A $5M target protects you from inflation of prices and the longevity that a healthy and happy retirement will provide.

If you want to live without a worry I'd work to get double that amount, BTC33,670!

That is good count.
But it is dangerous to keep the amount in bitcoin when you retire.
You never know that one day the price goes down and down ...
It's a bit risky to let everything in BTC. I should sell a big part for dollars. You never know.

You are gambling by keeping everything on BTC and you are gambling by keeping everything in dollars, you should hold both.

Wowha that is a bit extreme to say you need 5,000,000 then to double it lol! You do not need nowhere near that amount in 90% of the world obviously depending on your retirement age plays a big part but who would want to hoard anywhere near that amount to be dead in a few years>?

If you have that much you already have your home paid for cars furniture, holidays etc so what is a middle age- old age man or female going to spend 5,000,000 on?

They would never get threw it imo and to answer the original post who knows, i mean 100 might be enough 1000 could be where is the price going to be by the time i retire, i will make a guess and a goal of holding at least 1000  

[futureofbitcoin]

At the current price of $297, I'd say you should have at least BTC15,000 to retire (that equates to ~$5,000,000). It's certainly possible to survive in retirement for less, but why retire (if you don't have to) if you can't enjoy it? A $5M target protects you from inflation of prices and the longevity that a healthy and happy retirement will provide.

If you want to live without a worry I'd work to get double that amount, BTC33,670!

That is good count.
But it is dangerous to keep the amount in bitcoin when you retire.
You never know that one day the price goes down and down ...
It's a bit risky to let everything in BTC. I should sell a big part for dollars. You never know.

You are gambling by keeping everything on BTC and you are gambling by keeping everything in dollars, you should hold both.

Wowha that is a bit extreme to say you need 5,000,000 then to double it lol! You do not need nowhere near that amount in 90% of the world obviously depending on your retirement age plays a big part but who would want to hoard anywhere near that amount to be dead in a few years>?

If you have that much you already have your home paid for cars furniture, holidays etc so what is a middle age- old age man or female going to spend 5,000,000 on?

They would never get threw it imo and to answer the original post who knows, i mean 100 might be enough 1000 could be where is the price going to be by the time i retire, i will make a guess and a goal of holding at least 1000  

Dude, you can spend 50,000 a DAY just for lunch. 5M isn't a lot.

[vrm86]

According to the latest posts, subject of the thread should be changed to:
"What is minimal BTC amount that could let me retire in 20 years and provide average, decent living standard?"

Seriously, it's not about telling someone: "Dude, get 50000 or better 75000 BTC" (btw. we should not talking from the perspective of current exchange prices).

[picolo]

According to the latest posts, subject of the thread should be changed to:
"What is minimal BTC amount that could let me retire in 20 years and provide average, decent living standard?"

Seriously, it's not about telling someone: "Dude, get 50000 or better 75000 BTC" (btw. we should not talking from the perspective of current exchange prices).

Average, decent living standard where ?

[TriggerX]

Tricky question as bitcoin fluctuates wildly and is unpredictable. I would say be safe and buy 10 Bitcoins . If the price of one drops incredibly low, Buy 100-1000

[vrm86]

According to the latest posts, subject of the thread should be changed to:
"What is minimal BTC amount that could let me retire in 20 years and provide average, decent living standard?"

Seriously, it's not about telling someone: "Dude, get 50000 or better 75000 BTC" (btw. we should not talking from the perspective of current exchange prices).

Average, decent living standard where ?

Let's say, in one of the developed countries. Of course you can spend even 50000/day like mentioned, but that isn't the point.

[aso118]

According to the latest posts, subject of the thread should be changed to:
"What is minimal BTC amount that could let me retire in 20 years and provide average, decent living standard?"

Seriously, it's not about telling someone: "Dude, get 50000 or better 75000 BTC" (btw. we should not talking from the perspective of current exchange prices).

Average, decent living standard where ?

Let's say, in one of the developed countries. Of course you can spend even 50000/day like mentioned, but that isn't the point.

So to make the question complete - How many bitcoins do I need to get $500,000 (for example) at today's prices in 20 years?
The place / standard of living can be incorporated in the amount.
$500,000 may be sufficient for one person; another might require $5 million.