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shyguitar

United States
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February 1, 2012
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Sep 30, 2012, 4:53 pm

Hi everyone,

Just wanted to know how much would people have to win before they could quit their job and retire permanently. I've often wondered about this. For me to be able to quit my job I'm not sure of the exact number but I would have to win a comfortable amount before that could ever happen. I have a job and not a career so it would be fantastic to be able to quit my job since I have a low salary and dislike my job. I know that in my state if a person wins a million on a scratch ticket it's never a million payout if you take the lump sum (usually 650,000 before takes). I would need to win a whole lot of money after takes are paid in order to ever retire, just not sure of the exact dollar amount. I realize for many people being able to retire can vary from person to person. If someone is near retirement age and they win a million it might mean they are able to retire for others a million would still be wonderful but most likely mean that you would still be working (as I would have to if I won a million).
THRIFTY

NEW YORK
United States
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April 29, 2010
13,411 Posts
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Sep 30, 2012, 5:06 pm

Quote: Originally posted by shyguitar on Sep 30, 2012
Hi everyone,

Just wanted to know how much would people have to win before they could quit their job and retire permanently. I've often wondered about this. For me to be able to quit my job I'm not sure of the exact number but I would have to win a comfortable amount before that could ever happen. I have a job and not a career so it would be fantastic to be able to quit my job since I have a low salary and dislike my job. I know that in my state if a person wins a million on a scratch ticket it's never a million payout if you take the lump sum (usually 650,000 before takes). I would need to win a whole lot of money after takes are paid in order to ever retire, just not sure of the exact dollar amount. I realize for many people being able to retire can vary from person to person. If someone is near retirement age and they win a million it might mean they are able to retire for others a million would still be wonderful but most likely mean that you would still be working (as I would have to if I won a million).

Play the Powerball lottery. The starting jackpot is $40M annuity which is a life changing amount with a cash value of about $25M. You only have to sit out for six drawings to play for $100M annuity. Tickets cost $2.
Ronnie316

100

United States
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September 7, 2011
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Sep 30, 2012, 5:08 pm

$2 million good...... $7 million BETTER.........
Artist77

United States
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January 16, 2012
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Sep 30, 2012, 5:32 pm

Quote: Originally posted by Ronnie316 on Sep 30, 2012
$2 million good...... $7 million BETTER.........

I agree !

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
mcginnin56

United States
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May 25, 2011
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Sep 30, 2012, 5:40 pm

With careful planning and very shrew investing, I could probably retire on $500.
THRIFTY

NEW YORK
United States
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April 29, 2010
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Sep 30, 2012, 5:41 pm

Quote: Originally posted by Ronnie316 on Sep 30, 2012
$2 million good...... $7 million BETTER.........

The new PB game was created with a $40M starting jackpot because the lottery wales do not want to spend money on cheap lottery products like classic lotto and mega millions. Time is Money.

The POWERBAL lottery is a high rollers game.
rdgrnr

100

The Hall Of The Mountain Kings Tennessee
United States
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April 28, 2009
15,378 Posts
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Sep 30, 2012, 5:46 pm

Quote: Originally posted by shyguitar on Sep 30, 2012
Hi everyone,

Just wanted to know how much would people have to win before they could quit their job and retire permanently. I've often wondered about this. For me to be able to quit my job I'm not sure of the exact number but I would have to win a comfortable amount before that could ever happen. I have a job and not a career so it would be fantastic to be able to quit my job since I have a low salary and dislike my job. I know that in my state if a person wins a million on a scratch ticket it's never a million payout if you take the lump sum (usually 650,000 before takes). I would need to win a whole lot of money after takes are paid in order to ever retire, just not sure of the exact dollar amount. I realize for many people being able to retire can vary from person to person. If someone is near retirement age and they win a million it might mean they are able to retire for others a million would still be wonderful but most likely mean that you would still be working (as I would have to if I won a million).

It don't take much if you get a piece of land in the country where you can hunt and fish and grow stuff. I could live on deer and elk and turkey and rabbit and squirrel and vegetables without ever leaving my property and catfish are just a short drive down the road.

It all depends on how you like or need to live. If you're like billionaire2bee and need to have 3 Bentleys, well, then it's gonna take more money.
THRIFTY

NEW YORK
United States
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April 29, 2010
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Sep 30, 2012, 5:47 pm

Quote: Originally posted by mcginnin56 on Sep 30, 2012
With careful planning and very shrew investing, I could probably retire on $500.

Men underwears will cost $500 in 2013. lol
mcginnin56

United States
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May 25, 2011
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Sep 30, 2012, 5:53 pm

Quote: Originally posted by THRIFTY on Sep 30, 2012
Men underwears will cost $500 in 2013. lol

I still wear my original pairs from high school. If it's not broken, don't fix it I always say.

Maybe now your getting how I could retire on $500.
THRIFTY

NEW YORK
United States
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April 29, 2010
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Sep 30, 2012, 5:54 pm

Quote: Originally posted by rdgrnr on Sep 30, 2012
It don't take much if you get a piece of land in the country where you can hunt and fish and grow stuff. I could live on deer and elk and turkey and rabbit and squirrel and vegetables without ever leaving my property and catfish are just a short drive down the road.

It all depends on how you like or need to live. If you're like billionaire2bee and need to have 3 Bentleys, well, then it's gonna take more money.

The Chinese will own the rights to all the water in the USA by 2016. You will have to pay a tax for everything that you consume from your lands.

They are buying all the US lotteries too. lol
grwurston

100

Same digits. Different games.

United States
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April 24, 2010
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Sep 30, 2012, 5:58 pm

Quote: Originally posted by THRIFTY on Sep 30, 2012
Men underwears will cost $500 in 2013. lol

You'll save your $$$ by not wearing any.

When playing the lottery the thing that should matter the most is: Are you winning more than you spend?
LottoPerro

United States
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May 22, 2012
207 Posts
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Sep 30, 2012, 6:09 pm

At least $10 million after taxes I could live comfortably on at my age (an old 29 years).

The lottery is NOT a tax on the poor. By calling it a tax, you are calling it mandatory, which is what taxes are. But the lottery is NOT mandatory, therefore calling it a tax highly inaccurate.
THRIFTY

NEW YORK
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April 29, 2010
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Sep 30, 2012, 6:30 pm

Quote: Originally posted by grwurston on Sep 30, 2012
You'll save your $$$ by not wearing any.

Underwears prevent my snake from growing more. I do not want to tie it around my knees.
mcginnin56

United States
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May 25, 2011
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Sep 30, 2012, 6:32 pm

Quote: Originally posted by THRIFTY on Sep 30, 2012
Underwears prevent my snake from growing more. I do not want to tie it around my knees.

You must be quite the ladies man "snake"
Original Bey

Bahamas
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September 30, 2012
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Sep 30, 2012, 6:35 pm

Quote: Originally posted by THRIFTY on Sep 30, 2012
Underwears prevent my snake from growing more. I do not want to tie it around my knees.

I didn't take that advice and my g/f sued me for sexual assualt

"Do everything you can. Then, leave the rest to luck."