favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 2 days agoHow much do you need to retire early?message-squaremessage-square38fedilinkarrow-up172arrow-down12
arrow-up170arrow-down1message-squareHow much do you need to retire early?favoredponcho@lemmy.zip to Ask Lemmy@lemmy.world · 2 days agomessage-square38fedilink
minus-squarebluGill@fedia.iolinkfedilinkarrow-up1·1 day agoYou forgot inflation. If you are happy with 40k today that could be 80k by the time you retire and likely will be over 150k by the time you die.
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up3·23 hours agoThese calculations are all inflation adjusted. If you are happy on 20k per year, the 4% rule allows you to withdrawl 20k inflation adjusted from your investments per year basically indefinitely.
You forgot inflation. If you are happy with 40k today that could be 80k by the time you retire and likely will be over 150k by the time you die.
These calculations are all inflation adjusted. If you are happy on 20k per year, the 4% rule allows you to withdrawl 20k inflation adjusted from your investments per year basically indefinitely.