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2 billion. I plan on living forever.
$0 my kids will be rich and famous and will support me forever.
Invest in them and it will happen
5 million after already having purchased a home and paid it off
I was going to say around $5m too.
3 mil? Seems pretty low if you’re planning to live off that for the next 30-40 years
#math. Indeed. Yes principal would likely go up at that burn rate
$4M
Y’all are nuts. Becoming a woodworker and coaching youth sports at $2M. Aiming for 40 yo.
Im on track to retire very young, or at least have the option to.
I've made a few models on this and some things to consider include;
Health insurance and health care costs.
Inflation, less than 50 years ago we had 10% inflation. Could it happen again in forty years?
Life expectancy, 70? 80? 90? More?
Investments, if you have enough to fund retirement you can leave a sizable stock exposure in the early years.
Life style, travel? Snow bird?
Purpose, what will you do with all your time? Purpose is important.
For the younger people here.
Save now as if you are retiring early. Having the ability, the option, the security to retire early is a wonderful freeing thing even if you choose to work forever.
10M by 55 in 2040 dollars. 4% glide with plenty of the portfolio in market-risk vehicles (with 30 year horizon, why not?)
I enjoy the work I do so I’ll probably have much longer to acquire and invest, probably won’t retire until 65-70
$10M is the goal by age 52. Don’t actually need that much at projected spending rates, but would like to grow the balance to leave for my kids and/or donate. Actual requirements for indefinite funds according to model is $7.5M.
Aiming for $1.5 by 40. And that’s with two kids. Because i want to be super involved with kids.
10m