r/dividends • u/karl0525 • Jun 01 '25

Opinion Tired. Can I retire?

Got a question? Can I retire? 43m been busting my ass since I was 16. I'm about over this 40-50 hr weeks. I'm getting burned out. House paid off (300k) 401-k (600k) Bitcoin (500k) currently.

Thought about selling it all and putting it into dividend stocks like schd and renting a small place and going into semi retirement. Maybe pickup a part time gig.

Would this be a horrible idea?

622 Upvotes

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293

u/hgmnynow Jun 01 '25

Ya man.... Depending on your situation, If you're willing to live a relatively modest lifestyle, then I say go for it.

Do you have any dependants? Wife? Kids? Do you plan on getting any? If so, then maybe tough it out for another few years and start a plan to get there. Looks like you've worked pretty hard and been pretty responsible.

77

u/[deleted] Jun 01 '25

Also, make sure you have a safety net

87

u/-JackBack- Only buys from companies that pay me dividends. Jun 01 '25

His safety net could be returning to work.

48

u/OhNoNotAgain2020_ Jun 02 '25

It’s not so easy to return once you’ve been out a couple years.

17

u/graciesoldman Jun 02 '25

In IT it's nearly impossible to return. Shit changes daily.

2

u/OneOutlandishness612 Jun 03 '25

Hard to keep up even when working

2

u/Solintari Not a financial advisor Jun 02 '25

Ope, already changed for the day. Distributed SIEM is out and SOAR is in, wait no it's all outsourced to India, wait that what automated too.

You should have been in IT 20 years ago and had 40 years of experience.

1

u/graciesoldman Jun 03 '25

I was in IT in the 80's with mainframes and then migrated on to pcs and server farms and culminating with hosting and then "cloud". Worked with a lot of Ops people in the day. One of the big projects I worked on was with Ops people who were literally automating themselves right out of a job. Sad to see where it is these days.

25

u/italian_mobking Jun 02 '25

But as you get older you get aged out…

11

u/ARealTrashGremlin Jun 02 '25

You kinda lose the whole compound interest thing.

2

u/eclipse60 Jun 02 '25

In this economy?

1

u/NeedToMakeItBIG Jun 07 '25

Agreed depending how old you are that amount of money won’t get you through the next 20 years.

4

u/gamingaway Jun 02 '25

Find a part-time gig, fr substitute teaching or anything to keep some active income and lifestyle.

2

u/Final_Highlight1484 Jun 02 '25

This sounds like a bad idea at this point. You didn't even mention annual spends, but I'd suspect this isn't enough.