Hey Mustachians,
It's an honor and privilege to be posting for the first time here or on any FIRE-related forum for that matter. The wealth of knowledge dedicated to the FI pursuit is astounding and for which I am grateful to you all.
So, if I may, I'd like to ask this group a question: Does having a monthly VA (Veteran Administration) compensation income, of which I receive monthly indefinitely, affect the length of time until I can declare myself financially independent?
Specifically, I am trying to determine if I will get to FI sooner and if the 4% rule still applies given that I receive monthly income for life.
I just completed filling out Mad Fientist's FI spreadsheet (thank Mad Fientist!) which computed the number of years until I reach FI to be 17.08, a withdrawal rate of 3.85% and inflation-adjusted growth of 5%.
I've provided the following financial information for your consideration:
Net Worth: -$32,851 (damn student loans!)
Current monthly income: $4,900 (including $1,131 in tax-free monthly VA compensation)
Savings: $1,200
TSP (traditional IRA): $1,688
Any help is appreciated!