5 ms·
a couple hundred thousand is not enough to retire at 30 though ....
by misiti3780 12y ago
a couple hundred thousand is not enough to retire at 30 though ....
- fasouto 12y agoHe is 25, and he plans to retire at 30, in 5 years he may save another couple thousands more. Let's put on the lower part of the "couple" spectrum and say he have 200.000, in 5 years he will have 400.000 USD. This money is enough to retire early with the 4% rule http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need-for-retirement/ http://www.mrmoneymustache.com/2012/05/29/how-much-do-i-need... Maybe you are assuming that he want to live in the states, with the interest of this money he could live easily in Spain, Thailand, Argentina, etc...
- wizzard 12y agoWhen someone says "a couple thousand" you think of 200k as a lower bound?
- eigenvector 12y agoThe English colloquialisms "a couple" or "a few" are generally accepted to mean 1 < x < 5.
- willthames 12y agoA couple and a couple of hundred are quite different though! The original post suggests ~$2000, not ~200k
- misiti3780 12y agothailand maybe - spain seems like a stretch
- halfcat 12y agoIt can be [1]. Instead of saving 10-15% of your income, suppose you cut your expenses drastically and started saving 80% of your income. The math works out that you will be financially independent within 5-7 years and no longer have a requirement to work for money. [1] http://earlyretirementextreme.com http://earlyretirementextreme.com
- obstacle1 12y agoNote he said a couple thousand, not a couple hundred thousand.