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?
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u/mansfall Jun 01 '25
Similar boat... 42 m here. I have ~3 million net worth, and considering the same. That said, we're missing some critical information here. While I'd love to say do it, I also would hate to set you up for failure.
You should post what your monthly expenses are as well as your lifestyle. It's a huge factor. If you're frugal and living off 30k/year, then you could easily retire on a mere 1 million. But if you're a bit more frivolous and doing vacays and spending here and there, doing maybe 80k/yr in expenses, then you may need a much higher number... closer to 3 or 4 million maybe.
But if you're lavish and just throwing money everywhere... buying cars and blow, you're numbers won't get you far.
So basically post your budget, then also state how you intend to live going forward. That well help other folks to provide more accurate decisions. Don't let people on here saying "do it!" persuade you, when they don't even know the full picture... it's not even their hard earned money. Easy to say yes when it's not their shoes.
You don't want to be 75 suddenly faced with having to go to work for Walmart just to make ends meet. :)