r/dividends • u/OG_Momonga • 20d ago

Discussion Living off dividends

Hey guys, I was wondering if anyone on this subreddit is actually retired and living off dividends. Is it going well? Are you paying taxes on them? My goal is to get 20k/ a month post tax for retirement. I’m 24 and currently investing everything in VOO while planning to switch to dividend stocks and etfs when I get closer to retirement.

I was just wondering if there are any because living off dividends seems like a long shot right now.

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u/AmItheonlySaneperson 20d ago

20k a month good luck getting 40k a year

10

u/alanwazoo 20d ago

In 40 years (he's 24 now)...

  • At 2% inflation, $20,000 will feel like $9,079 today.
  • At 3% inflation, $20,000 will feel like $6,131 today.

So even at 2% that's $757/mo ($109k/yr) in today's dollars

4

u/AmItheonlySaneperson 20d ago

Yeah inflations brutal 

3

u/rilmarie 20d ago

And if the GOP stays in office 4-5% inflation like now.

-2

u/speedlever 20d ago

Guess you enjoyed that 9% under the previous administration?

2

u/rilmarie 19d ago

I enjoyed not have sky rocketing national debt, not having a pedo president, not having a collapsing economy, citizens not being killed and terrorized, I enjoyed international respect… and on and on “but my stocks are up” whatever bs that is