4 ms·
Judging by the comments, a lot of people value entrepreneurship for the personal freedom and autonomy. The article suggests being able to save 89k per year. Un
by jamii 8y ago
Judging by the comments, a lot of people value entrepreneurship for the personal freedom and autonomy.
The article suggests being able to save 89k per year. Under reasonable assumptions, 7.5 years of saving at this rate will support an income of 31k / year (the median US salary) for the rest of your life, leaving you with ~50 years of runway for whatever else you care to do.
This is especially interesting if the thing you actually want to do is something that is valuable to society but not profitable eg maintaining free software or raising a child.
https://networthify.com/calculator/earlyretirement?income=120000&initialBalance=0&expenses=31000&annualPct=5&withdrawalRate=4 https://networthify.com/calculator/earlyretirement?income=12...