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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: FuckRx on February 13, 2014, 09:20:23 PM

Title: What amount do I count towards my FI amount?
Post by: FuckRx on February 13, 2014, 09:20:23 PM

Ok, basic question.
If let's say I need 27k a year to live off of for my basic needs then I would probably need a total mount of 690k invested (give or take). Now, since I'm 35 years old that 690k can't include 401k or other retirement accounts correct?

Title: Re: What amount do I count towards my FI amount?
Post by: catccc on February 13, 2014, 09:37:43 PM

If I understand your question correctly, you can count 401K and other retirement accounts.  There are multiple ways to access the funds prior to "retirement" age.

Title: Re: What amount do I count towards my FI amount?
Post by: frugally on February 13, 2014, 10:41:11 PM

Typically people do.  Check out this post from Jim Collins:

http://jlcollinsnh.com/2013/12/05/stocks-part-xx-early-retirement-withdrawal-strategies-and-roth-conversion-ladders-from-a-mad-fientist/ (http://jlcollinsnh.com/2013/12/05/stocks-part-xx-early-retirement-withdrawal-strategies-and-roth-conversion-ladders-from-a-mad-fientist/)