Can you still get "rich" racing bikes in America?

I didn’t say one “couldn’t retire”. Again, if you follow the conversation after that, I was only pointing out that for someone in their mid-20’s, 2.5mil isn’t a lot. You could retire, but you would need some help making that 2.5mil make money for you.

The $40-45k number came from someone in their mid 20’s, living another 60ish years.

2,500,000/60 = 41.6k

 

Not me. They would be friends with me.

 

Once again, as has already been discussed, I simply threw that number out for easy math to illustrate that isn’t a lot of money in and of itself.

Which is also why I used the assumption that he hasn’t needed to spend a dime of that $2.5mil to live on all these years, and didn’t talk about taxes, or inflation, or insurance costs, or anything else.

 

Sure thing there, Ranger Smith!

This guy thought they liked him too.

 

Your age and housing situation helps your scenario with this a lot. If you didn't have a house you like that was almost paid off it definitely wouldn't seem as doable. But I agree it is possible to live off the 2mill

 

Current rates have been much lower than that for way longer than anyone has known about SARS-COV2.

If our hypothetical superbike racer retired today with $2.5 million in the bank, hoping to live off the interest, he would be eating into the principal for quite a while unless he lived somewhere near where they took that photo that RD400Dude posts occasionally.

 

Kinda like the peacocks?

 

Wooosh, another point missed. Just how would you reliably make 50 grand off a million today? Is it possible? Sure. Year after year? Inquiring minds want to know.

 

Did I mention you and Evelyne in my post, or even say anything about people in your age group?

We went through all of this last night, and I explained the context of my post more than once.

It was a quick post on my phone, illustrating how JUST $2.5mil might not be enough for someone in their mid-20’s to immediately retire.

Once again, which is why I didn’t get into taxes, inflation, stocks, or any of that other shit.

If I had any idea that people were going to take it out of context for the sake of arguing, then I would have brought out the laptop and made a long post with all kinds of math, factoring in costs of living, inflation, interest rates, etc, and I would have given multiple examples of how someone might, or might not be able to retire, depending on how smart they are with their money.

It was a simple post about $x / life expectancy = $x per year. Nothing more.

 

Racer retiring today would have a retirement time a smidge longer than what you guys are looking at though.

 

Damn I wish I could see a video of that.