{ "media_type": "text", "post_content": "Anyone given any thought to early retirement? How much do you need and at what age would you retire?", "post_id": "5c4e757ce68fdf0018fbc3bb", "reply_count": 19, "vote_count": 3, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance" }

Anyone given any thought to early retirement? How much do you need and at what age would you retire?

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$3mm at 10% gets you $300k/yr. 35 sounds like a good number.


I’m thinking $3mm at 7% return, 5% is used for living and 2% reinvested for inflation


As a financial advisor , we constantly run these projections and $3mm is not even remotely close. Most of the costs for goods and services that are consumed by families with a “comfortable” standard of living increase at a much higher inflation rate than 2%. People are living longer, into their 90s. If you retire at 35 and live to 90- think of how much it will cost you to be on vacation for 55 years. If you estimate $250k/year for 55 years , without subtracting growth and adding inflation , your starting figure is almost $14 mil


At 5% gives 150k of living expenses (no rent/mortgage assume house paid off) .. seems pretty fair

$3mm and ASAP


I have the same number and mentality as you

Moving target depending on what happens, but I’d feel pretty good in M/HCOL city with $6mm investable assets in today’s dollars. Goal is to not work past age 45.



$20mm @ 5% annually gets you $1mm a year.

Lol. You aren’t going to make 20mm in banking


Are you guys in NYC? With kids? I think most would say at least $10mm

In nyc but definitely wouldn’t stay if I retired

Another thought though...are you really gonna want to retire? It’s nice to have he freedom to do whatever you want but I can’t imagine ever getting completely out of finance. I think I’d probably lose my mind.

Haha, I feel that!

20mm for kids

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