$1mm net worth by 30. How much more until retirement?
| pink cruise ship | 05/25/16 | | slimy unholy rehab elastic band | 05/25/16 | | pink cruise ship | 05/25/16 | | slimy unholy rehab elastic band | 05/25/16 | | Iridescent Library | 04/29/18 | | Red parlor | 05/25/16 | | pink cruise ship | 05/25/16 | | Spectacular potus shrine | 05/26/16 | | Irradiated international law enforcement agency | 05/26/16 | | Very tactful boyish marketing idea mental disorder | 05/25/16 | | pink cruise ship | 05/25/16 | | Very tactful boyish marketing idea mental disorder | 05/25/16 | | pink cruise ship | 05/25/16 | | Very tactful boyish marketing idea mental disorder | 05/25/16 | | Zippy point sandwich | 05/25/16 | | Emerald Hairraiser Party Of The First Part | 05/26/16 | | pink cruise ship | 05/26/16 | | Emerald Hairraiser Party Of The First Part | 05/26/16 | | razzle wrinkle | 05/26/16 | | cyan chapel | 05/26/16 | | Sepia Heaven Dingle Berry | 05/26/16 | | curious box office halford | 05/27/16 |
Poast new message in this thread
Date: May 25th, 2016 11:47 AM Author: pink cruise ship
How much do you think I need to retire?
My own opinion is about $3mm, which is calculated by taking 5% average returns split by different passive investment strategies multiplied by my cash net worth ($150k a year).
Thoughts? Also, what is YOUR number?
(http://www.autoadmit.com/thread.php?thread_id=3233936&forum_id=2#30555411) |
|
Date: May 26th, 2016 8:17 AM Author: pink cruise ship
Yeah I would say 100% cash.
The goal is $3mm cash / brokerage excluding retirement accounts which are pretty flame unless you get 50% match. Waiting decades to live a good life is pretty shitty IMO.
How close are you to your goal?
(http://www.autoadmit.com/thread.php?thread_id=3233936&forum_id=2#30561821) |
Date: May 26th, 2016 11:56 AM Author: Sepia Heaven Dingle Berry
I'm at around 1M at age 30 as well. I'm planning on leaving full time employment once I get to 2M NW (probably around 3-4 years depending on market returns). I'll have about 1.6M in investable assets and a paid off 400k home in low COL area in rocky mountains. this will allow me to live on about 60-65k/year mortgage free, which is plenty (especially since my tax liability will be 0). the plan is to raise chilrens' and chill doing outdoor shit for a few years. i may go back to work eventually and i'm likely to earn money again in some capacity, but it won't be strictly necessary.
also, for those worried about accessing retirement accounts, google "roth ira pipeline".
(http://www.autoadmit.com/thread.php?thread_id=3233936&forum_id=2#30562759)
|
Date: May 27th, 2016 12:17 AM Author: curious box office halford
i think if I had $5mm in today's dollars at age 55, I'd think about retiring unless i was making bank at my job.
gotta worry about that 40 years of no earnings scenario.
(http://www.autoadmit.com/thread.php?thread_id=3233936&forum_id=2#30568444)
|
|
|