Related Posts
More Posts
Additional Posts in Personal Investment Chatter
Recommendations for a Roth IRA?
Fidelity, who asked for this?

Any recommendations for RPA stocks?
I just hit $200k NW and it’s been 7 months since I made my post (link below) about hitting $100k NW in Dec ‘21.
I’m just mind-blown since it took me 2.5 years to get the first $100k and it’s snowballed from there. I’ve gone from $82.5k TC to $238k TC plus a $20k appreciation on a house I bought at the beginning of the year
Can’t really talk about finances with friends/family so this is the only place I can share milestones like this haha…we’ll see if I can hit $300k by EOY
https://joinfishbowl.com/post_muypy45qoy

New to Fishbowl?
unlock all discussions on Fishbowl.






The general rule for financial independence is 25x expected expenses and is supposed to hold true for early retirement as it will be sustainable for 35 to 40+ yrs as principle continues to gain. You most likely won't need 200k per year in retirement. Usually assumes most all debt to be paid off by time of retirement including mortgage. Im estimating 100 to 120k/yr in retirement, which puts us at 2.5M to 3M (not including equity).
Haha, yes unfortunately, unless you live in HCOL area, which a lot of people here do it seems. Hard to give any usable advice for hcol folks. But you're there bc you love it, so it's the price you pay.
25x your expected living expenses in retirement
Depending on how early you want to retire 30-35x your expected living expenses could be better. Better to over save than rely on the 4% withdrawal rule
Doesn’t matter how much you make. It’s all about how much you spend. Figure that out and then 4% withdrawal means 25x your annual expenses in saving. Want to be conservative? Go with 3% or 33x in savings
Amazing $ in consulting?
Who/ what gave you that idea?
Estimate out how many yrs you'll likely live for after retirement and give yourself a bit of a cushion. Use the 3% rule instead of 4%