Author Topic: When can I retire at the pace I'm going?  (Read 1703 times)

BuckeyeFinance

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When can I retire at the pace I'm going?
« on: February 27, 2017, 02:55:49 PM »
Age: 29
Debt: None
401k: 61k
Non-Retirement Investments: 21k
Annual NET Income: 65k (excludes interest income)
Annual expenses: 33k

Just looking for some help with the math...Assuming my income remains the same until retirement and then becomes solely from interest on my investments and expenses remain the same in perpetuity, when can I retire? Any asset allocation suggestions based on the info provided?

Thanks!!
« Last Edit: February 27, 2017, 02:58:49 PM by BuckeyeFinance »

4alpacas

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Mother Fussbudget

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Re: When can I retire at the pace I'm going?
« Reply #2 on: February 28, 2017, 04:35:43 PM »
When can you retire?  Whenever you WANT! 
When can you retire with a 4% SWR?  When you've reached savings/investments of $825K
AND/OR
Your return on investment brings in $33K without touching the principle.  Some do this via RE (real estate) investing. 

As to asset allocation...  read the JLCollinsNH's Stock Series:  http://jlcollinsnh.com/stock-series/
« Last Edit: February 28, 2017, 09:55:17 PM by Mother Fussbudget »

BTDretire

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Re: When can I retire at the pace I'm going?
« Reply #3 on: February 28, 2017, 04:53:10 PM »
http://mustachecalc.com/#/calcs/time-to-fi

At 49 years old if you earn 6% a year, earlier if you do better than 6%.

boarder42

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Re: When can I retire at the pace I'm going?
« Reply #4 on: February 28, 2017, 05:42:18 PM »
http://mustachecalc.com/#/calcs/time-to-fi

At 49 years old if you earn 6% a year, earlier if you do better than 6%.

6% is crazy conservative in that calc since inflation is included @ 3%.

9-10% would be better

BTDretire

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Re: When can I retire at the pace I'm going?
« Reply #5 on: February 28, 2017, 06:13:49 PM »
http://mustachecalc.com/#/calcs/time-to-fi

At 49 years old if you earn 6% a year, earlier if you do better than 6%.

6% is crazy conservative in that calc since inflation is included @ 3%.

9-10% would be better
Ya, I won't argue that. MMM uses 5% in 'The Shockingly Simple Math Behind early retirement'.
But the op also has to shield all $27k of saving from taxes.