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You are way overshooting. Of course you can comfortably retire with less than $10M under 40! The money is still working for you, presumably, through dividends
by undefined3840 7y ago
You are way overshooting. Of course you can comfortably retire with less than $10M under 40!
The money is still working for you, presumably, through dividends on investments, etc.
- icedchai 7y agoHe should read up on the FIRE movement and 4% rule. If you can live off 4% of your invested net worth, you're probably good. It all depends on your expenses.
- undefined3840 7y agoYeah unless you are an extreme outlier and have expensive tastes you should be able to live off that very easily.
- robocat 7y agoI still have passive income, although more unpredictable then dividends. So very hard to translate that into a 4% rule.
- icedchai 7y agoOh, sorry I misread. I thought you had an exit with a lump sum or something.