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re: Anyone retire early early?
Posted on 5/19/24 at 7:39 am to JohnnyKilroy
Posted on 5/19/24 at 7:39 am to JohnnyKilroy
quote:
My wife and I will almost certainly be w2 our whole careers and I’m retiring around 50ish with a nearly 8 figure port assuming 7% CAGR. Two professionals can easily hit FI early if they both work and are reasonably disciplined.
I ran a quick model assuming current savings rate if my wife and I continue on the same savings rate and working path as we are now (no promotions or change of income outside of staying at rate of inflation)…we would have a net worth of $30M+ if we worked to 60. We don’t need that much and will adjust our work plans accordingly.
The behaviors from our 20s and 30s will enable us to essentially Coast FIRE going forward.
Posted on 5/19/24 at 8:07 am to lynxcat
Yea I always run my numbers without assuming any raises or promotions.
Factor those in reasonably and it’s looking like well into the 8 figs by 50-52.
Factor those in reasonably and it’s looking like well into the 8 figs by 50-52.
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