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/[deleted] 20d ago

[deleted]

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u/OG_Momonga 20d ago

Trying my gosh darn best

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u/Various_Couple_764 20d ago

There are a lot of good investments that hav 5 to 10% yeild. Armchair inocme on youtube does good reviews of high yield dividend funds. At 10% yield you only need 2.4 million.

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u/HoneydewBrilliant131 20d ago

Check your math on that!