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Re:Show HN: Simple monthly passive income calculator by drchiu on Saturday February 17, 2018 @08:07PM (#16403814)
Pretty much this. It’s a rough trek and requires a lot of saving. And even once you get there, you don’t feel rich — not with a few kids and more expenses. Having said that, I estimate around 30k passive per month should do it if you have a family and are living in a major city.
Re:Show HN: Simple monthly passive income calculator by a_cactus on Saturday February 17, 2018 @08:37PM (#16403915)
360K in passive income a year?
Re:Show HN: Simple monthly passive income calculator by ianai on Saturday February 17, 2018 @08:58PM (#16403983)
Pretty sure, but not 100%, that I could just maybe scrape on 360k/yr. /s
Re:Show HN: Simple monthly passive income calculator by jkmcf on Saturday February 17, 2018 @08:42PM (#16403921)
*Before taxes?
Re:Show HN: Simple monthly passive income calculator by discoursism on Sunday February 18, 2018 @12:08AM (#16404557)
That's still 180k a year post-tax. That's still enough to fund an absolutely lavish lifestyle, even in the highest cost of living locations. It's not MTV Cribs rich, but it'll still put you in the 95%ile in Manhattan, to say nothing of more reasonable locales.
Re:Show HN: Simple monthly passive income calculator by dgacmu on Sunday February 18, 2018 @09:36PM (#16410365)
It's probably more than that if you've structured your passive income such that decent chunks of it are long-term capital gains at 20% federal.