this post was submitted on 16 Aug 2025
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[–] seralth@lemmy.world 12 points 14 hours ago (2 children)

Depends if you want rich people play money or just comfy people play money.

Also if you want to say buy a beach front house in california or a nice mountain home in Colorado. That alone can run you a few millions dollars upfront not to mention a the on going costs.

100m is honestly not a lot of money if you plan to not for for the next handful of decades and want to actually enjoy a rich life style.

10 mill will put you in a nice middle class home and keep you living a middle class life style for the same length of time.

Wealth to life style scales pretty well from 10 to 100 million dollars when your looking at a 35 year span.

[–] nibbler@discuss.tchncs.de 1 points 24 minutes ago* (last edited 23 minutes ago)

In the US, the middle class generally encompasses households earning between two-thirds and double the national median income. For 2023, the median household income was $77,719, putting the middle class range between roughly $52,000 and $155,000.

now we have income vs earned/taxed 10mm.

155k pa puts you in the 22% federal tax bracket, since it's progressive let's assume 16% tax over all your income, this leaves you with 140k. and this is the upper end of the middle class. not just somewhere within.

if you just spend your 10mm at 140k pa it would last 71 years. okay, inflation is a bitch, but still ...

if you put it in some ETF you usually beat inflation with about 8.5% pa, which is taxable I guess. but it's only the gain you pay tax on off course.

so if you make 8.5% of 10mm and lose 3% to inflation, and tax 16% on the remaining gains you are left with 3.9% (=390k) after taxes pa to all eternity.

so unless you assume all variables worst case (living in most expensive city, getting divorced every year etc) I'd call 10mm way above middle class

and these numbers are fur 10mm, not 100.