How Long Will Your $1 Million Last in Retirement? | Forex Factory

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How Long Will Your $1 Million Last in Retirement?

  • #1
  • First Post: Apr 11, 2022 5:05am Apr 11, 2022 5:05am
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The truth is, $1 million really doesn't go as far as you might think these days.
If you're counting on $1 million to get you through your retirement.

Then how long it will last ( before death come to claim you)
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #2
  • Apr 11, 2022 5:18am Apr 11, 2022 5:18am
13 years
  • #3
  • Apr 11, 2022 5:50am Apr 11, 2022 5:50am
Living in Switzerland, high cost of living but our house is 75% paid with a high paper profit value, no debt......I would say 10 years at 100k/year.
However, it also depends if the USD devalues against the Swiss franc.
Lost....
  • #4
  • Apr 11, 2022 5:54am Apr 11, 2022 5:54am
Quoting Pat Chiko
{image} The truth is, $1 million really doesn't go as far as you might think these days. If you're counting on $1 million to get you through your retirement. Then how long it will last ( before death come to claim you)
Depends on your lifestyle ...but I'll let you know
  • #5
  • Apr 11, 2022 5:57am Apr 11, 2022 5:57am
Lets see how long this warning takes
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  • #6
  • Apr 11, 2022 5:59am Apr 11, 2022 5:59am
Quoting Waveskierrob
{quote} Depends on your lifestyle ...but I'll let you know
Depends on Biden Regime. 1Mil.$ could halve in real value in 3-5 years.After November Congress elections we will have clearer picture.
  • #7
  • Apr 11, 2022 6:08am Apr 11, 2022 6:08am
Quoting genadi
13 years

That's Not very long.

You should invest on buying this.

It gives you calm mind and lasting effect.


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I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #8
  • Apr 11, 2022 6:16am Apr 11, 2022 6:16am
Someone once said this about investing,

"When you're young you should take less risk and let your money grow slow and steady. Then when you're about to retire you invest aggressively for quick growth."

They weren't joking

P/S
Every approach is correct when accompanied by the right set if circumstances....
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #9
  • Apr 11, 2022 6:34am Apr 11, 2022 6:34am
the problem, as a hobby/retail/bucket shop trader, is $1 mil is a crazy amount of money, ALMOST not safe with any of the current mt4/mt5 brokers we are using. if this problem is solved? just for the talk here, speaking of 20-25% a year, is absolutely enough for me as a retirement money. almost any annual trend hedging strategy is delivering that kind of returns...

however, getting to the $1 mil is where the risks are going to be made and highly likely, just very few out of thousands and tens of thousands will succeed.
Maadik Hugiis. IQ 69.
  • #10
  • Apr 11, 2022 6:47am Apr 11, 2022 6:47am
Quoting MoneyZilla
the problem, as a hobby/retail/bucket shop trader, is $1 mil is a crazy amount of money, ALMOST not safe with any of the current mt4/mt5 brokers we are using. if this problem is solved? just for the talk here, speaking of 20-25% a year, is absolutely enough for me as a retirement money. almost any annual trend hedging strategy is delivering that kind of returns... however, getting to the $1 mil is where the risks are going to be made and highly likely, just very few out of thousands and tens of thousands will succeed.

Another way of doing it is ;
When you retire you sell your 2M house, buy a luxury apartment for 1.0M and invest the other 1.0M in shares to provide you with income.
Borrowing money against an asset can be for further consumption or investment, so is a benefit.
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #11
  • Apr 11, 2022 6:49am Apr 11, 2022 6:49am
Quoting Waveskierrob
{quote} Depends on your lifestyle ...but I'll let you know

LONG TIME AGO........... I remember you would retire by investing in PUB.

Is it Creek Ends in particular ?
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #12
  • Apr 11, 2022 6:50am Apr 11, 2022 6:50am
About 40 years
  • #13
  • Apr 11, 2022 6:53am Apr 11, 2022 6:53am
Quoting Pat Chiko
{quote} Another way of doing it is ; When you retire you sell your 2M house, buy a luxury apartment for 1.0M and invest the other 1.0M in shares to provide you with income. Borrowing money against an asset can be for further consumption or investment, so is a benefit.
i agree. but still, the 1M kept with a mt4/mt5 broker is nothing but a pure madness. it will be a lot of work to set 1M up to bring 20-25% a year, as 10-20-30k max per broker must be injected, in order to keep the 1M as safe as possible.

p.s. currently my African house costs over 3M and i owe no bank a damn pence...
Maadik Hugiis. IQ 69.
  • #14
  • Apr 11, 2022 6:54am Apr 11, 2022 6:54am
Quoting Pat Chiko
{quote} LONG TIME AGO........... I remember you would retire by investing in PUB. Is it Creek Ends in particular ?
Them days are gone ...got bored of it repeating the same old crap to the same old people
  • #15
  • Apr 11, 2022 6:56am Apr 11, 2022 6:56am
The average person also knows nothing about investing or even carving out a portion of income to invest.

Working a 9-5 thinking you’ll be able to retire is a pipe dream that people are setting themselves up for a 40 year kick in the teeth.

But in case you're asking a financial planner “What should I invest in?
Is like asking a cannibal “What’s for dinner?”
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #16
  • Apr 11, 2022 6:59am Apr 11, 2022 6:59am
Quoting Waveskierrob
{quote} Them days are gone ...got bored of it repeating the same old crap to the same old people
may i offer my personal experience, although nobody asked for it?

i became successful in trading only when i have started to underperform. steadily underperforming. very few entries a month. sometimes even just one entry monthly... but then, the problem came i cant see when i am going to get as rich as i want it... it would take 15-20 damn years. by then i will be so old, will only want to build a public toilet/WC so people can piss on my luck...
Maadik Hugiis. IQ 69.
  • #17
  • Apr 11, 2022 7:01am Apr 11, 2022 7:01am
Quoting MoneyZilla
{quote} i agree. but still, the 1M kept with a mt4/mt5 broker is nothing but a pure madness. it will be a lot of work to set 1M up to bring 20-25% a year, as 10-20-30k max per broker must be injected, in order to keep the 1M as safe as possible. p.s. currently my African house costs over 3M and i owe no bank a damn pence...

Investment in Forex Broker on MT 4 are for quick and portion of funds. It's high risk investment. ( FXCM experience)

The major investment should be on Long Term Stock or Crypto.

Lucky you........Since you got no more major financial obligation, it would be easier for you to make sound decision on investment
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #18
  • Apr 11, 2022 7:06am Apr 11, 2022 7:06am
Quoting MoneyZilla
{quote} i agree. but still, the 1M kept with a mt4/mt5 broker is nothing but a pure madness. it will be a lot of work to set 1M up to bring 20-25% a year, as 10-20-30k max per broker must be injected, in order to keep the 1M as safe as possible. p.s. currently my African house costs over 3M and i owe no bank a damn pence...
Have a look at this UK broker for deposit insurance:
https://www.darwinex.com/deposit-ins...FaqWhoBenefits
  • #19
  • Apr 11, 2022 7:12am Apr 11, 2022 7:12am
Quoting Jugoslavija
{quote} Have a look at this UK broker for deposit insurance: https://www.darwinex.com/deposit-ins...FaqWhoBenefits
yeah, sure. i have tried 3 times to deposit with them, but the bank rejected all 3 wire instructions i made. without any further explanations why... still £85k pounds is really very good deposit guarantee. absolutely. basically, it will take at least 10, if not more accounts like the darwinex one.
Maadik Hugiis. IQ 69.
  • #20
  • Apr 11, 2022 7:19am Apr 11, 2022 7:19am
depends on the lifestyle individual want.
you cannot afford to maintain the same lifestyle before retirement.
probably has to cut down 40%.

provided no personal debts, house already paid for, enough to cover for different kind of insurance and in good health.
estimated life expectancy 30 years. not to complicate calculation (eg inflation), $30k per year more than enough for me.
of course life is not so simple as that.
it would help a lot if your government had an employment provident fund retirement scheme.
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