How much would you take to quit your job and walk ?

[Kevin Aster Tin Obin]

I have a fine job, and like it alot...  but I have a nagging thought to quit and go travel and explore..

So question is what amount would you accept today to quit your job?  Would you leave a great job to have the freedom of life without the rat race ?

[Emerald]

$1

[makincaid]

I'm considering doing this next year, so at that point my answer might be $0.

If they offered a severance package I would go ahead and do it now. So I guess my answer right now would be $20k.

[arebelspy]

My quitting is not for sale; I can't imagine an practical amount that I would quit for. 

In theory though, if I was offered an ungodly sum (say $100,000,000 or more), I'd have trouble turning it down based on the amount of good I could do with it.   I'd know it was the better of the two options, but I'd regret it.

[Kevin Aster Tin Obin]

I should rephrase my question..  How much in monthly cash income would you take to quit your job now?  Understanding the payment would rise with inflation, like a pension figuratively.. but would you quit and "retire early" if you had what amount of monthly cashflow?  i.e. Would you quit for $1000/mo, $5K/mo? 

And what would you do with your time?   Would you move or stay put?

[netskyblue]

Well, I take home $1875/mo now, and I don't think I could get by comfortably at all on less.  I don't like my job, and I'd quit for the same rate of pay somewhere else, if it was in the same town and wasn't any worse to work for.  I've spent a couple of years now casually looking, but haven't really found anything any better.

[ace1224]

like arebelspy said i can't imagine quitting, i have no idea what i'd do with myself.  hypothetically it would have to be a big amount, and i would stay put, or maybe move across town to live next door to my parents, but i wouldn't leave town. 

i'd probably be really bored and then get a job lifeguarding or something.

[spider1204]

My current goal is $1000/month, but it fluctuates anywhere from $0 to $1000 daily.

[arebelspy]

like arebelspy said i can't imagine quitting, i have no idea what i'd do with myself.  hypothetically it would have to be a big amount, and i would stay put, or maybe move across town to live next door to my parents, but i wouldn't leave town. 

i'd probably be really bored and then get a job lifeguarding or something.

I know what I would do.  In fact I'd have way more things to do than time; I certainly wouldn't be bored.

I just wouldn't want to quit my job, because it's exactly what I want to do right now.  When I don't want to do it anymore, I'll do whatever else I want.

As to the new question: I'm targeting ~4k/mo. in FIRE.

[Zaga]

If we could get to the point of having $4K a month in passive income then I'd be comfortable with both DH and I quitting.  Now DH might not be comfortable, but we could do it!

[James]

I wouldn't quit my profession, I enjoy it. However I would love to take some time off, so if I was given enough, say $100,000 to quit my job, I would take medical trips, move to a new location, enjoy life for a while, and then start back up in my profession once I could find a new job.

[ace1224]

like arebelspy said i can't imagine quitting, i have no idea what i'd do with myself.  hypothetically it would have to be a big amount, and i would stay put, or maybe move across town to live next door to my parents, but i wouldn't leave town. 

i'd probably be really bored and then get a job lifeguarding or something.

I know what I would do.  In fact I'd have way more things to do than time; I certainly wouldn't be bored.

I just wouldn't want to quit my job, because it's exactly what I want to do right now.  When I don't want to do it anymore, I'll do whatever else I want.

As to the new question: I'm targeting ~4k/mo. in FIRE.

sorry i didn't mean to say you'd be bored, i meant that i also wouldn't want to quit my job because its what i want to do, then i went on a tangent and forgot to end my thought. 

[BlueMR2]

Net, $4,000 a month, I'd be all over it.  Instantly, no thought.  :-)

If it was guaranteed, with COLA, for life, even just $2,000 a month (net) would pay for all our expenses without touching our savings.  The money we'd save from the lack of commuting would be the same amount extra we'd spend by being home instead of at work + the extra travel we'd like to do.  I'd not feel super comfortable about it though, even though the numbers work out.

[Joet]

kind of a silly question, but a nice $1m chunk would pretty much FI me to the tune of ~$7k/mo at a 4% SWR [adding what I already have], ignoring what my spouse has/makes completely. I think we could survive on that lol

[Coneal]

I'd walk for about 4500 net a month.  More than I really need but the cousin would allow me to sleep at night.  Would stay in the same area.  Would allow me to actually have the time to do investment research without burring a candle at both ends moonlighting.

[Ozstache]

I'm already comfortably FI, but not yet ER, so for me its to do with satisfaction with the non-financial aspects of my current job and having a clear idea what I'd do next.  Job satisfaction is marginal but it is the "what's next?" bit that is really stopping me. When I have that epiphany, I'll walk.

[smalllife]

If I was guaranteed net $2000/month inflation adjusted I would walk away tomorrow.  I'd probably find another job to pad the stache, but I could take as long as I wanted to do so because that's more than enough to get by.

[JohnGalt]

Is the question what would it take to get me to quit and never work again?  Or is the question what would it take to just get me to quit my current employer with no other limitations?

That will get very different numbers for most people I would imagine.  I'd probably quit my current job for sure for 6 months of pay, probably do it for less - and then either take another job somewhere else or start consulting part time. 

To quit for good and never work again, I'd want considerably more than even my current FI goal because I plan on working at least somewhat post FI.  Enough to get my stache to $1.5M sounds like a good number.

[PantsOnFire]

This used to be a common question at work among people in their 50s and 60s, because there are programs in place to "buy out" senior employees rather than wait for them to retire.  However the culture has changed and now management takes the opposite approach--starving people out through a combination of workload increases and unpaid furloughs.  But just for grins, here's my gut reaction to the question:

$50K to walk out the door with nothing lined up, but with the intention that I'd start looking for employment elsewhere. 

$1M to walk out the door with the intention of never working again in my life. 

Anything in between those two numbers would probably mean part time or seasonal work.  I'm not really interested in taking any sort of pay cut unless it involves working fewer hours. 

[strider3700]

If the house was paid off - $3k/month would be fine I'm pretty sure.  $4k/month and I wouldn't even think about it.     Still making payments on the house  $4k minimum but 5k is better and that could be tight.

It makes no financial sense to pay off the house but man does the freedom ever expand and the options really open up if I was to do it.   Even if I was to go all in on paying it off it's 5 years out...

[Insanity]

I would be walk away with $5000 net a month.  It wouldn't put me in too much debt as I would use the time to do my own software products that I know I can make money off of.  I just don't have the ability to quit now to do it due to family needs.

[Zamboni]

Like many of the lucky people above, I really like many aspects of my job, and technically I get three months off every summer already.  So, it's what I'll do for fun when the day comes that I'm FI; it would take a LOT of money to get me to just leave and never be able to do this job again. 

It seems like $4K/month (adjusted with inflation over time) would be plenty to live on the way I live now, including supporting my children and having some extra for traveling and the relatively expensive things I like to do, like downhill ski.  I still use the same ski boots my Dad bought me when I was 12 years old; those are starting to not feel great and could use an upgrade :-)

What I would like, though, is freedom from the blah aspects of my job.  The politics, the committees, the "extra" stuff I do to stay in the loop and be promoted.  So, in a few more years when I hit FI, I'll be doing less and less of that stuff, and focusing on the fun parts of work.  That's the goal, anyway.

[Rollin]

$1

LOL!!!