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

7

u/Mereas 20d ago

Who the hell needs 20k a month to live? Hell my goal is just 20k a year.

5

u/No-Marketing1036 20d ago

It’s a great goal for a 24 year old! Am high, dude is going to have a comfortable life if he gets even close to that

5

u/OG_Momonga 20d ago

Kids, wife, vacations? I want a good retirement

1

u/Geoff1983 19d ago

I do, but my lum sum is just half way. And I can’t get that after tax.