I have just wondering about my retirement goal and just wondered can Hive will be able to earn some income daily that I will keep saving and look at my retirement day to check that how much fund I have accumulated at the end.
SourceSo I just thought that to answer this question I thought I should check that how much I Hive I am saving. So I went back to my earlier post of June 5 2020 in which I reported my Hive power as 696.5. In my current post of Hive goals posted at August 3 , I reported my Hive power as 990.7.
So I can say it is gain of 294 HP in 2 months that means gain of 147HP per month.
Then I looked my current stats of Hivestats.io that gave me my last 30 days average as 131 Hive.
So let me more conservative and for my calculation, I will take 120 Hive per month or 120*12 =1440 Hive per year.
I am sure that I can keep working on my job for next 30 years so that I can meet all my expenses from my job without touching my Hive power. I also assume that I will be able to earn atleast 1440 Hive per year and my curation efficiency stays at 10% (actually there are quite of lease in dlease that are offering as high as 17% APR and 13% APR is very common in dlease, so if your curation efficiency sucks, then dlease can be an option)
So let me calculate the FV (future value)
FV(rate; numperiods; payment; presentvalue; type) = FV(0.1;30;-1440;0;0) = 236871 HP.
You can read documentation of FV function here
If Hive reach at $4.23 in next 30 year I will be retire millionaire.
Now coming back to original question, can 1 Hive daily serve as your retirement goal?
yes, if you start saving from 20 years of age ,save till your 65 years,Hive reaches $4 and your goal is having $1 million dollar in the end. Because FV(0.1;45;-365;0;0) will be 262400 HP.
PS: It is not a financial advice, but I think using this formula you can easily calculate that what is require to reach at your retirement goals.