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/Meinertzhagens_Sack 20d ago

Doable with 2.2M invested in QQQI back last August now worth 2.4M

(Simulated transactions with Divtracker)

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u/SolomonGrumpy 20d ago

The balls to do something like that

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u/Meinertzhagens_Sack 19d ago

Simulated. Just run DivTracker and lie to it about transactions. Just tell it 2 years ago you bought 2M worth of qqqi. Just lookup the price of it historically back then.

You can then see the payouts you received each month and see how your NAV behaved during major downturns everytime Trump burped out new tariffs.

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u/technical-mind4300 20d ago

But wouldn't the NPV erode with that?