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

[scarsbergholden]

I have always had the number 210 in mind but it might be a little to much then again i was thinking of a possible scenario where 210 btc would be 210 million usd, 1 btc 1 million usd for a good retirement plan in 20 years.

[gentlemand]

I have always had the number 210 in mind but it might be a little to much then again i was thinking of a possible scenario where 210 btc would be 210 million usd, 1 btc 1 million usd for a good retirement plan in 20 years.

210 is a very sexy amount indeed. I would love to own that many but it's too much of a stretch and a risk for me. It sounds like you have an extravagant retirement in the pipeline.

[Possum577]

Sounds like you need retirement savings advice, this article may help you: http://money.cnn.com/2015/07/01/retirement/retirement-boomers-millennials/index.html?iid=SF_LN

Having enough saved for retirement isn't about choosing a random number of one investment and hoping "it goes to the moon." You need to have diversification and a lot of base currency.

Here's some math (sorry in Dollars), you'll need $219,000 to eat - JUST EAT - in retirement, assuming $5 per meal, three meals a day, for two people for 20 years.

$5 x 3 x 365 x 20 x 2 = $219,000.

[Mehek]

To be safe, get two Bitcoins.

Yes I think two bitcoins is just enough for the future. Just invest as much you can afford to lose . Maybe 2 or 3 percent of your finance may give you exactly the kind of comfortable living you want.  bitcoin will definitely not disappoint you in the future.

[Amph]

I have always had the number 210 in mind but it might be a little to much then again i was thinking of a possible scenario where 210 btc would be 210 million usd, 1 btc 1 million usd for a good retirement plan in 20 years.

then it is better to aim at a more reasonable number like 21? which sounds even more akin to the 21M cap, and it is much more feaseble for many here

also with 1M per bitcoin it would still be a hell of an amount

[rjclarke2000]

I hope this happens in 17 years. Life goal = retire at 50.

It would close to impossible not to sell when getting into big $$. Could you hold out until $1m per btc?

[GreenStox]

I hope this happens in 17 years. Life goal = retire at 50.

It would close to impossible not to sell when getting into big $$. Could you hold out until $1m per btc?

Retire at 50? Heck i want to retire at 30, and i`m close to that, so i hope i can get rich somehow in the next few years.

Besides i think investing in bitcoin now, can do it then

[ifightformerkel]

I hope this happens in 17 years. Life goal = retire at 50.

It would close to impossible not to sell when getting into big $$. Could you hold out until $1m per btc?

I think this will be the big problem with the most users here.

When the price will go like "only" to 5.000 dollar, than i can bet that 90% will sell all the bitcoins they have
and the new people who will go into bitcoin will buy it.

[GreenStox]

I hope this happens in 17 years. Life goal = retire at 50.

It would close to impossible not to sell when getting into big $$. Could you hold out until $1m per btc?

I think this will be the big problem with the most users here.

When the price will go like "only" to 5.000 dollar, than i can bet that 90% will sell all the bitcoins they have
and the new people who will go into bitcoin will buy it.

Yes but its funny because the government pensions will be gone by then. The banks in europe already start looting private pensions, and then public pensions too.

So what other form of pension can you have if not Bitcoin. Also check bitnation, they got pension plans too, all decentralized

[jt byte]

I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. my guess ... at least 21

[GreenStox]

I seriously believe that Bitcoin could be the greatest transfer of wealth in human history. my guess ... at least 21

A sort of meritocracy you mean?

Where the wealth is distributed back to talented and innovative entepreneurs, from conman thief counterfeiter banksters?

Yep it looks promising

[grouper fish]

Hoping to have about 10 BTC a year from now. Best case scenario is that those 10 BTC will help me to seriously cut down on work hours in 10-15 years time.

[BitmoreCoin]

Hoping to have about 10 BTC a year from now. Best case scenario is that those 10 BTC will help me to seriously cut down on work hours in 10-15 years time.

It will happen.

[HigsonPP]

You don't need to rely merely on bitcoins.  You can always invest on as much bitcoins as you want to ,depending on your idea of comfortable lifestyle.1 bitcoin to 1000, it all depends on your idea of luxury.

[Miracal]

The amount of bitcoins you need to retire in 20 years is exactly the amount of money/fiat you need to retire in xyz years. There is no definite amount since there are no definite life choices, scenarios or situations you have described. Assuming you are as human as I am, no amount of money is ever enough and everybody wants a fucking decent lifestyle once they are old and not so bold. I'd say go for as much as you can afford to lose. NO EXPECTATIONS = HIGH REWARDS always.

[ifightformerkel]

Hoping to have about 10 BTC a year from now. Best case scenario is that those 10 BTC will help me to seriously cut down on work hours in 10-15 years time.

It will happen.

It will happen when you dont sell your bitcoins in 3 years at 20.000 Dollar 

But i bet 99% will do this, i will wait from now to 2021 and see what will happen,
because with 20.000 Dollar per bitcoin i can not go in retire. 

[seoincorporation]

Lets say I want to buy bitcoins today and store them for 20 years to use a my retirement fund.  Live comfortably, but don't need to buy a yacht or anything.  How many do you think I would need to buy?

The answer of this question is based in how much will cost the BTC in 20 years, and we can't know that. If you invest 10 btc and prize go up to $1000 again you will have a profit of ~$750 x 10 = $7500.

There comes the second question, ¿How much you need for your retire?...

At last your question is hard to reply because there is some facts that only time can give us the right answer.

[NorrisK]

Hoping to have about 10 BTC a year from now. Best case scenario is that those 10 BTC will help me to seriously cut down on work hours in 10-15 years time.

It will happen.

It will happen when you dont sell your bitcoins in 3 years at 20.000 Dollar 

But i bet 99% will do this, i will wait from now to 2021 and see what will happen,
because with 20.000 Dollar per bitcoin i can not go in retire. 

If it was for sure that bitcoin would be worth 20000 USD, everybody would now buy enough btc to retire At 20000 USD it is definately possible to retire, as long as you hoard enough.

[bit1]

I remember at first months of this year some peoples said that BTC was died, same LTC, and now I dont see somebody saying same thing.

[Amph]

The amount of bitcoins you need to retire in 20 years is exactly the amount of money/fiat you need to retire in xyz years. There is no definite amount since there are no definite life choices, scenarios or situations you have described. Assuming you are as human as I am, no amount of money is ever enough and everybody wants a fucking decent lifestyle once they are old and not so bold. I'd say go for as much as you can afford to lose. NO EXPECTATIONS = HIGH REWARDS always.

well not true, because bitcoin has a very good potential to rise, so no you can't comapre fiat to it, and saying for example that you need 1M in fiat to retire, hence you need 4000 btc to retire right now...