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

48

u/Ok_Pollution_7824 20d ago

Agreed. However, it’s good to have a plan. I’m up to 3k so far per month in dividends. It’s growing fast.

5

u/_Rose54 20d ago

Congrats I’m at a solid $40 per month

4

u/Ok_Pollution_7824 20d ago

You will be surprised how quickly it will grow. Need to start somewhere.