5 ms·
5.6MM based on spending 18,668/mo = 224K/yr 25 x 224k = 5.6MM assumptions: - withdraw 4% per yr - earn avg 7%+ per yr - inflation 3% Money will l
by baccredited 9y ago
5.6MM
based on spending 18,668/mo = 224K/yr
25 x 224k = 5.6MM
assumptions:
- withdraw 4% per yr
- earn avg 7%+ per yr
- inflation 3%
Money will last forever and I will die with bigger balance than day I retire.
http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ http://www.mrmoneymustache.com/2012/01/13/the-shockingly-sim...
ps. I will hit this number in 47 months. Here's how I know:
https://lab.madfientist.com/ https://lab.madfientist.com/
- IpV8 9y agoWow thats a ton!!! I suppose you must live in a higher cost of living area than me.
- baccredited 9y agoHaha - family of 4. Expensive travel hobbies. Too much house. "Fatfire" https://www.physicianonfire.com/fatfire/ https://www.physicianonfire.com/fatfire/
- fjsolwmv 9y agoHigher cost of living personality, not area.
- dsacco 9y agoFYI, that link requires a login. Is it supposed to be public?
- baccredited 9y agoSorry - if you sign up this site will allow you to input your monthly savings, spending, and net worth. Then it will estimate the amount of time before you achieve Financial Independence. It is free. I'm a big fan. https://lab.madfientist.com/pages/help https://lab.madfientist.com/pages/help
- shostack 9y agoAny recommendations for a free spreadsheet version or open source version that doesn't require giving my financial data to yet another 3rd party and tying it to a unique identifier via login?
- fjsolwmv 9y agoWhy do you need to a $5.6M coffin?
- baccredited 9y agoI intend to give most of it to watsi.org to keep others out of coffins.