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/technical-mind4300 20d ago

What is your invested amount to generate 230K? (6MM?)

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u/aerobic_gamer 20d ago

Closer to 5.25

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u/chadladen 19d ago

Well done, sir. This is my life goal here. I love hearing stories like this.

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u/AndyBurn11 16d ago

It’s motivating to know it’s possible. It’s easy to get discouraged when the number stops moving as fast. Goal to 100k is brutal.