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The strangeness of Silicon Valley right now is that if you're lucky you can "retire" long before 40. I'm 31 and have through a bit of luck accrued a small 7-fig
by tempsy 7y ago
The strangeness of Silicon Valley right now is that if you're lucky you can "retire" long before 40. I'm 31 and have through a bit of luck accrued a small 7-figure net worth. I don't plan on being a "rank and file" employee by 33, let alone 40.
- kudokatz 7y ago> The strangeness of Silicon Valley right now is that if you're lucky you can "retire" long before 40. The entire Financial Independence (FI) movement is all about doing this everywhere (not just the valley) and without luck aside from household income around $45,000/yr in the US.
- madengr 7y agoYou need 8 figures to retire. $30k/year (poverty level) over 30 years is only $1M.
- aswanson 7y agoYou're assuming zero real interest investment growth over 30 years. I totally agree with stacking as much as humanly possible, but that's not a realistic assumption, unless we have worldwide zero economic growth for a third of a century.
- tempsy 7y agoNah. Need to factor in investment income. Plus modern retirement isn’t necessarily “never work a job again.” It’s more a freedom to do what you want (income generating or not) without having to take a job simply to cover your cost of living and retirement savings.