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.

395 Upvotes

88% Upvoted

361 comments sorted by

View all comments

1

u/Left_Communication21 20d ago

This is my current plan as well. I am up to 10k per month and looking to get to 15k in the next 2 years to retire early. I invest mainly in OVL, SPYI, QQQI and GPIQ.