{ "media_type": "text", "post_content": "I want to know what you would consider as a good net worth to retire from corporate job and only do small gigs or something of you own, I am a 32M with two kids and wife not working. I have a net worth of 1.65M AUD with a debt of 550K on my primary residence.", "post_id": "5f3d29daf130ae0020bf49d3", "reply_count": 15, "vote_count": 2, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

I want to know what you would consider as a good net worth to retire from corporate job and only do small gigs or something of you own, I am a 32M with two kids and wife not working. I have a net worth of 1.65M AUD with a debt of 550K on my primary residence.

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If you follow the 4% rule, you can retire when your investment and cash together are 25x times your yearly expenses. Net worth, which might include illiquid assets, might not be there best starting point.

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4% works for 95% chance over 30 years

At your age you have to plan for 60+ years, at which point 3% is better since it generally creates a perpetual portfolio.

The current treasury rates aren’t really a factor when you’re talking about 30-60 year horizons

smart

Shoot for 4M, insured, primary home paid in full.

smart

If you can get to 5-6 better, but don’t kill your self or you’ll have no retirement to enjoy

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You will be able to get to your answer if you have already computed your annual expenses, keeping in my they will likely drop as your kids move into their careers

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